Funding you earn now, next payment 08:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.28 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against MEXC+0.024%79s7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as 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−$1581.583% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.024%, 7d avg +0.058%
=Funding pays, the price is against you. BloFin is 0.034% cheaper against MEXC than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.058%). If the spread goes back, that is −$3 on $10k: about 47 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.013% in total) that is about 18 days. The two prices were read 79 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 | MEXC SWARMS_USDT | 0.008261 | 0.0860 | pay 0.0430% / 4h | 1h 57m | $152K | $96K | 100x |
| Short | BloFin SWARMS-USDT | 0.008263 | 0.0917 | get 0.0458% / 4h | 1h 57m | $229K | $8K | 20x |
MEXC SWARMS_USDT
BloFin SWARMS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $11.91
- Price spread: +0.024% → +0.058%
- −$3.36
- Slippage, 4 orders
- −$142.3
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$149.76
- Costs to cover
- 1.583%
- Break-even
- 95.0 days
Slippage from MEXC: live order book, 22 min ago; BloFin: live order book, 18 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, 22 min ago | 2.41 bp | 38.7 bp −$39 | 89.9 bp −$899 | 249.7 bp −$25.0K | 547.3 bp −$273.6K |
| Sell BloFin live order book, 18 min ago | 10.29 bp | 33.1 bp −$33 | doesn't fit | 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 | 0.008222 | −0.472% | $944K | $108K | 10x | as long as short |
| BingX SWARMS-USDT | +0.0827% | 4h | 0.008260 | −0.012% | — | $6.5M | — | as long as short |
| Binance SWARMSUSDT | +0.0845% | 4h | 0.008258 | −0.039% | $3.5M | $3.4M | 20x | as long as short |
| Extended SWARMS-USD | +0.0848% | 1h | 0.008250 | −0.137% | $10K | $213K | 5x | as long as short |
| MEXC SWARMS_USDTlong | +0.0860% | 4h | 0.008261 | long leg | $152K | $96K | 100x | |
| BloFin SWARMS-USDTshort | +0.0917% | 4h | 0.008263 | +0.024% | $229K | $8K | 20x | |
| KuCoin SWARMSUSDTM | +0.1160% | 4h | 0.008244 | −0.206% | $773K | $120K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1313% | 4h | 0.008244 | −0.204% | $31K | $101K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3731% | 1h | 0.008301 | +0.482% | $9K | $134 | 10x | as long as short |
Gate SWARMS_USDT
BingX SWARMS-USDT
Binance SWARMSUSDT
Extended SWARMS-USD
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD