Funding you earn now, next payment 12:00 UTC+0.0190%/8h= +20.8% APRnext payment +$0.95 per $10,000 · paid last 24h +0.118%
Price spread now: MEXC against Gate+0.110%7-day average +0.185% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,833as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,896as in the Price arb table
costs, in and out, $10k−$1,88918.886% of the position
Funding, last 7 days+0.557%+$56 on $10k
+Price spread, last 4 days (all we have)+0.104%+$10 · spread now +0.110%, 7d avg +0.185%
=Funding pays, the price is against you. MEXC is 0.075% cheaper against Gate than usual: you would sell low and buy high (spread +0.110% now, against its 7-day average of +0.185%). If the spread goes back, that is −$8 on $10k: about 32 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SWARMS_USDT | 0.008200 | 0.0100 | pay 0.0050% / 4h | 3h 19m | $947K | $115K | 10x |
| Short | MEXC SWARMS_USDT | 0.008209 | 0.0290 | get 0.0145% / 4h | 3h 19m | $152K | $99K | 100x |
Gate SWARMS_USDT
MEXC SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $39.9
- Price spread: +0.110% → +0.185%
- −$7.51
- Slippage, 4 orders
- −$1,869.6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$1,856.21
- Costs to cover
- 18.886%
- Break-even
- 332.7 days
Slippage from Gate: live order book, 12 min ago; MEXC: live order book, 51 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, 12 min ago | 4.91 bp | 957.6 bp −$958 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 51 min ago | 1.81 bp | 37.3 bp −$37 | 78.3 bp −$783 | 233.5 bp −$23.3K | 544.5 bp −$272.3K |
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 | 0.008200 | long leg | $947K | $115K | 10x | |
| BloFin SWARMS-USDT | +0.0240% | 4h | 0.008214 | +0.171% | $224K | $8K | 20x | as long as short |
| Extended SWARMS-USD | +0.0288% | 1h | 0.008209 | +0.115% | $10K | $209K | 5x | as long as short |
| MEXC SWARMS_USDTshort | +0.0290% | 4h | 0.008209 | +0.110% | $152K | $99K | 100x | |
| BingX SWARMS-USDT | +0.0290% | 4h | 0.008211 | +0.134% | — | $6.5M | — | as long as short |
| Binance SWARMSUSDT | +0.0291% | 4h | 0.008211 | +0.134% | $3.5M | $3.5M | 20x | as long as short |
| Aster SWARMSUSDT | +0.0312% | 4h | 0.008161 | −0.478% | $31K | $102K | 5x | as long as short |
| KuCoin SWARMSUSDTM | +0.1166% | 4h | 0.008190 | −0.122% | $767K | $120K | 20x | as long as short |
| Kraken Futures PF_SWARMSUSD | +3.9894% | 1h | 0.008248 | +0.582% | $9K | $45 | 10x | as long as short |
BloFin SWARMS-USDT
Extended SWARMS-USD
BingX SWARMS-USDT
Binance SWARMSUSDT
Aster SWARMSUSDT
KuCoin SWARMSUSDTM
Kraken Futures PF_SWARMSUSD