Funding you earn now, next payment 08:00 UTC−0.0772%/8h= −84.5% APRnext payment −$3.86 per $10,000 · paid last 24h −0.093%
Price spread now: Gate against MEXC−0.133%7-day average −0.189% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9,895as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9,836as in the Price arb table
costs, in and out, $10k−$9,84298.418% of the position
Funding, last 7 days−0.532%−$53 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.133%, 7d avg −0.189%
=The price spread pays, funding is against you. Gate is 0.056% dearer against MEXC than usual: you sell high and buy low (spread −0.133% now, against its 7-day average of −0.189%): +$6 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.532% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.532% in total (about -27.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.86 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 | MEXC SWARMS_USDT | 0.008271 | 0.0872 | pay 0.0436% / 4h | 2h 18m | $154K | $99K | 100x |
| Short | Gate SWARMS_USDT | 0.008260 | 0.0100 | get 0.0050% / 4h | 2h 18m | $949K | $108K | 10x |
MEXC SWARMS_USDT
Gate SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$162.12
- Price spread: −0.133% → −0.189%
- $5.56
- Slippage, 4 orders
- −$9,822.83
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$9,998.39
- Costs to cover
- 98.418%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 28 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, 2 min ago | 2.41 bp | 38.7 bp −$39 | 89.9 bp −$899 | 249.7 bp −$25.0K | 547.3 bp −$273.6K |
| Sell Gate live order book, 28 min ago | 7.22 bp | 9034.6 bp −$9,035 | 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_USDTshort | +0.0100% | 4h | 0.008260 | −0.133% | $949K | $108K | 10x | |
| BingX SWARMS-USDT | +0.0820% | 4h | 0.008271 | 0.000% | — | $6.5M | — | as long as short |
| Extended SWARMS-USD | +0.0872% | 1h | 0.008283 | +0.140% | $10K | $216K | 5x | as long as short |
| MEXC SWARMS_USDTlong | +0.0872% | 4h | 0.008271 | long leg | $154K | $99K | 100x | |
| Binance SWARMSUSDT | +0.0885% | 4h | 0.008276 | +0.060% | $3.6M | $3.4M | 20x | as long as short |
| BloFin SWARMS-USDT | +0.0887% | 4h | 0.008288 | +0.206% | $231K | $8K | 20x | as long as short |
| KuCoin SWARMSUSDTM | +0.1234% | 4h | 0.008264 | −0.085% | $775K | $119K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1383% | 4h | 0.008258 | −0.158% | $31K | $101K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3091% | 1h | 0.008327 | +0.676% | $9K | $149 | 10x | as long as short |
BingX SWARMS-USDT
Extended SWARMS-USD
Binance SWARMSUSDT
BloFin SWARMS-USDT
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD