SWARMS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against MEXC+0.030%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1711.711% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.030%, 7d avg −0.005%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.035% dearer against MEXC than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.005%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SWARMS_USDT	0.008211	0.0746	pay 0.0373% / 4h	1h 34m	$150K	$98K	100x
Short	Binance SWARMSUSDT	0.008213	0.0722	get 0.0361% / 4h	1h 34m	$3.5M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: −$5.07
Price spread: +0.030% → −0.005%: $3.47
Slippage, 4 orders: −$157.13
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$172.73
Costs to cover: 1.711%
Break-even: never at this rate

Slippage from MEXC: live order book, 45 min ago; Binance: live order book, 1 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 MEXC live order book, 45 min ago	2.41 bp	38.7 bp −$39	89.9 bp −$899	249.7 bp −$25.0K	547.3 bp −$273.6K
Sell Binance live order book, 1 min ago	3.65 bp	46.7 bp −$47	261.0 bp −$2,610	doesn't fit	doesn't fit

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	0.008202	−0.110%	$947K	$112K	10x	as long as short
BloFin SWARMS-USDT	+0.0707%	4h	0.008215	+0.049%	$226K	$8K	20x	as long as short
BingX SWARMS-USDT	+0.0710%	4h	0.008212	+0.012%	—	$6.5M	—	as long as short
Binance SWARMSUSDTshort	+0.0722%	4h	0.008213	+0.030%	$3.5M	$3.4M	20x
Extended SWARMS-USD	+0.0736%	1h	0.008209	−0.018%	$7K	$197K	5x	as long as short
MEXC SWARMS_USDTlong	+0.0746%	4h	0.008211	long leg	$150K	$98K	100x
KuCoin SWARMSUSDTM	+0.0976%	4h	0.008208	−0.037%	$769K	$119K	20x	as long as short
Aster SWARMSUSDT	+0.1175%	4h	0.008209	−0.024%	$31K	$101K	5x	as long as short
Kraken Futures PF_SWARMSUSD	+1.3820%	1h	0.008248	+0.445%	$9K	$90	10x	as long as short