Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.006%
Price spread now: BingX against MEXC−0.024%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1571.565% of the position
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.024%, 7d avg −0.002%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.023% cheaper against MEXC than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SWARMS_USDT | 0.008212 | 0.0738 | pay 0.0369% / 4h | 1h 34m | $150K | $98K | 100x |
| Short | BingX SWARMS-USDT | 0.008210 | 0.0708 | get 0.0354% / 4h | 1h 34m | — | $6.5M | — |
MEXC SWARMS_USDT
BingX SWARMS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- −$6.3
- Price spread: −0.024% → −0.002%
- −$2.27
- Slippage, 4 orders
- −$142.54
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$165.11
- Costs to cover
- 1.565%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 46 min ago; BingX: live order book, 6 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, 46 min ago | 2.41 bp | 38.7 bp −$39 | 89.9 bp −$899 | 249.7 bp −$25.0K | 547.3 bp −$273.6K |
| Sell BingX live order book, 6 min ago | 4.24 bp | 49.2 bp −$49 | 240.4 bp −$2,404 | 660.0 bp −$66.0K | 827.7 bp −$413.9K |
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 | 0.008201 | −0.134% | $947K | $112K | 10x | as long as short |
| BloFin SWARMS-USDT | +0.0707% | 4h | 0.008215 | +0.037% | $226K | $8K | 20x | as long as short |
| BingX SWARMS-USDTshort | +0.0708% | 4h | 0.008210 | −0.024% | — | $6.5M | — | |
| Binance SWARMSUSDT | +0.0722% | 4h | 0.008212 | 0.000% | $3.5M | $3.4M | 20x | as long as short |
| Extended SWARMS-USD | +0.0736% | 1h | 0.008212 | −0.006% | $7K | $197K | 5x | as long as short |
| MEXC SWARMS_USDTlong | +0.0738% | 4h | 0.008212 | long leg | $150K | $98K | 100x | |
| KuCoin SWARMSUSDTM | +0.0962% | 4h | 0.008186 | −0.317% | $767K | $119K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1175% | 4h | 0.008207 | −0.062% | $31K | $101K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3820% | 1h | 0.008248 | +0.433% | $9K | $90 | 10x | as long as short |
Gate SWARMS_USDT
BloFin SWARMS-USDT
Binance SWARMSUSDT
Extended SWARMS-USD
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD