Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against BloFin+0.384%94s7-day average −0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1101.097% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.428%−$43 · spread now +0.384%, 7d avg −0.055%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.439% dearer against BloFin than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of −0.055%. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SWARMS-USDT | 0.008327 | 0.0808 | pay 0.0404% / 4h | 2h 51m | $230K | $7K | 20x |
| Short | MEXC SWARMS_USDT | 0.008359 | 0.0860 | get 0.0430% / 4h | 2h 51m | $159K | $96K | 100x |
BloFin SWARMS-USDT
MEXC SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $10.95
- Price spread: +0.384% → −0.055%
- $43.93
- Slippage, 4 orders
- −$93.7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$54.82
- Costs to cover
- 1.097%
- Break-even
- 42.0 days
Slippage from BloFin: live order book, 30 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 BloFin live order book, 30 min ago | 2.41 bp | 40.7 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 34 min ago | 3.02 bp | 24.4 bp −$24 | 84.0 bp −$840 | 236.3 bp −$23.6K | 511.3 bp −$255.6K |
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 | 0.008334 | +0.084% | $957K | $105K | 10x | as long as short |
| BingX SWARMS-USDT | +0.0774% | 4h | 0.008355 | +0.336% | — | $6.5M | — | as long as short |
| BloFin SWARMS-USDTlong | +0.0808% | 4h | 0.008327 | long leg | $230K | $7K | 20x | |
| MEXC SWARMS_USDTshort | +0.0860% | 4h | 0.008359 | +0.384% | $159K | $96K | 100x | |
| Binance SWARMSUSDT | +0.0860% | 4h | 0.008355 | +0.336% | $3.6M | $3.4M | 20x | as long as short |
| Extended SWARMS-USD | +0.0864% | 1h | 0.008354 | +0.322% | $9K | $213K | 5x | as long as short |
| KuCoin SWARMSUSDTM | +0.1188% | 4h | 0.008340 | +0.156% | $782K | $119K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1355% | 4h | 0.008356 | +0.344% | $31K | $101K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.2979% | 1h | 0.008399 | +0.859% | $9K | $149 | 10x | as long as short |
Gate SWARMS_USDT
BingX SWARMS-USDT
Binance SWARMSUSDT
Extended SWARMS-USD
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD