Funding you earn now, next payment 08:00 UTC+0.0762%/8h= +83.4% APRnext payment +$3.81 per $10,000 · paid last 24h +0.087%
Price spread now: BingX against Gate+0.060%7-day average +0.186% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,788as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,850as in the Price arb table
costs, in and out, $10k−$1,83818.376% of the position
Funding, last 7 days+0.497%+$50 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now +0.060%, 7d avg +0.186%
=Funding pays, the price is against you. BingX is 0.126% cheaper against Gate than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.186%). If the spread goes back, that is −$13 on $10k: about 13 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.497% in total) that is about 42 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.497% in total (about 25.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.81 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SWARMS_USDT | 0.008284 | 0.0100 | pay 0.0050% / 4h | 52m 34s | $956K | $112K | 10x |
| Short | BingX SWARMS-USDT | 0.008289 | 0.0862 | get 0.0431% / 4h | 52m 34s | — | $6.5M | — |
Gate SWARMS_USDT
BingX SWARMS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $160.02
- Price spread: +0.060% → +0.186%
- −$12.56
- Slippage, 4 orders
- −$1,812.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,690.17
- Costs to cover
- 18.376%
- Break-even
- 80.9 days
Slippage from Gate: live order book, 49 min ago; BingX: live order book, 13 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 Gate live order book, 49 min ago | 6.06 bp | 985.3 bp −$985 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 4.21 bp | 26.4 bp −$26 | 239.0 bp −$2,390 | 678.4 bp −$67.8K | 838.6 bp −$419.3K |
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_USDTlong | +0.0100% | 4h | 0.008284 | long leg | $956K | $112K | 10x | |
| Binance SWARMSUSDT | +0.0827% | 4h | 0.008285 | +0.012% | $3.5M | $3.4M | 20x | as long as short |
| MEXC SWARMS_USDT | +0.0844% | 4h | 0.008292 | +0.097% | $153K | $97K | 100x | as long as short |
| Extended SWARMS-USD | +0.0848% | 1h | 0.008288 | +0.042% | $7K | $189K | 5x | as long as short |
| BingX SWARMS-USDTshort | +0.0862% | 4h | 0.008289 | +0.060% | — | $6.5M | — | |
| BloFin SWARMS-USDT | +0.0883% | 4h | 0.008282 | −0.024% | $228K | $8K | 20x | as long as short |
| KuCoin SWARMSUSDTM | +0.1194% | 4h | 0.008283 | −0.012% | $776K | $119K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1251% | 4h | 0.008272 | −0.146% | $31K | $101K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.2515% | 1h | 0.008332 | +0.578% | $9K | $90 | 10x | as long as short |
Binance SWARMSUSDT
MEXC SWARMS_USDT
Extended SWARMS-USD
BloFin SWARMS-USDT
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD