Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.004%
Price spread now: MEXC against BingX−0.024%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1291.289% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.024%, 7d avg +0.001%
=Funding pays, the price is against you. MEXC is 0.025% cheaper against BingX than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.001%). If the spread goes back, that is −$3 on $10k: about 2.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.031% in total) that is about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SWARMS-USDT | 0.008305 | 0.1002 | pay 0.0501% / 4h | 3h 56m | — | $6.5M | — |
| Short | MEXC SWARMS_USDT | 0.008303 | 0.1044 | get 0.0522% / 4h | 3h 56m | $153K | $98K | 100x |
BingX SWARMS-USDT
MEXC SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $8.82
- Price spread: −0.024% → +0.001%
- −$2.52
- Slippage, 4 orders
- −$114.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$122.64
- Costs to cover
- 1.289%
- Break-even
- 104.3 days
Slippage from BingX: live order book, 5 min ago; MEXC: live order book, 34 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 5 min ago | 1.80 bp | 38.9 bp −$39 | 261.7 bp −$2,617 | 499.5 bp −$50.0K | 685.5 bp −$342.8K |
| Sell MEXC live order book, 34 min ago | 3.03 bp | 40.2 bp −$40 | 76.3 bp −$763 | 198.9 bp −$19.9K | 501.4 bp −$250.7K |
SWARMS on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SWARMS_USDT | +0.0100% | 4h | 0.008302 | −0.036% | $957K | $103K | 10x | as long as short |
| BingX SWARMS-USDTlong | +0.1002% | 4h | 0.008305 | long leg | — | $6.5M | — | |
| MEXC SWARMS_USDTshort | +0.1044% | 4h | 0.008303 | −0.024% | $153K | $98K | 100x | |
| Binance SWARMSUSDT | +0.1046% | 4h | 0.008300 | −0.060% | $3.6M | $3.7M | 20x | as long as short |
| Extended SWARMS-USD | +0.1048% | 1h | 0.008299 | −0.074% | $7K | $143K | 5x | as long as short |
| BloFin SWARMS-USDT | +0.1066% | 4h | 0.008322 | +0.205% | $233K | $7K | 20x | as long as short |
| KuCoin SWARMSUSDTM | +0.1352% | 4h | 0.008313 | +0.096% | $781K | $135K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1533% | 4h | 0.008308 | +0.030% | $31K | $139K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3307% | 1h | 0.008350 | +0.539% | $9K | $209 | 10x | as long as short |
Gate SWARMS_USDT
Binance SWARMSUSDT
Extended SWARMS-USD
BloFin SWARMS-USDT
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD