Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against BloFin−0.121%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1721.720% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.121%, 7d avg −0.059%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.062% cheaper against BloFin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SWARMS-USDT | 0.008274 | 0.0831 | pay 0.0416% / 4h | 2h 16m | $230K | $8K | 20x |
| Short | BingX SWARMS-USDT | 0.008264 | 0.0830 | get 0.0415% / 4h | 2h 16m | — | $6.5M | — |
BloFin SWARMS-USDT
BingX SWARMS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$0.27
- Price spread: −0.121% → −0.059%
- −$6.22
- Slippage, 4 orders
- −$149.99
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$178.48
- Costs to cover
- 1.720%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 65 min ago; BingX: live order book, 4 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 BloFin live order book, 65 min ago | 2.41 bp | 40.7 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 3.02 bp | 49.1 bp −$49 | 223.8 bp −$2,238 | 642.8 bp −$64.3K | 821.8 bp −$410.9K |
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 | 0.008252 | −0.266% | $948K | $108K | 10x | as long as short |
| BingX SWARMS-USDTshort | +0.0830% | 4h | 0.008264 | −0.121% | — | $6.5M | — | |
| BloFin SWARMS-USDTlong | +0.0831% | 4h | 0.008274 | long leg | $230K | $8K | 20x | |
| Extended SWARMS-USD | +0.0872% | 1h | 0.008249 | −0.302% | $10K | $216K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0874% | 4h | 0.008260 | −0.169% | $154K | $99K | 100x | as long as short |
| Binance SWARMSUSDT | +0.0875% | 4h | 0.008253 | −0.250% | $3.6M | $3.4M | 20x | as long as short |
| KuCoin SWARMSUSDTM | +0.1208% | 4h | 0.008261 | −0.157% | $775K | $119K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1363% | 4h | 0.008244 | −0.366% | $31K | $101K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3147% | 1h | 0.008291 | +0.211% | $9K | $149 | 10x | as long as short |
Gate SWARMS_USDT
Extended SWARMS-USD
MEXC SWARMS_USDT
Binance SWARMSUSDT
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD