SwissCheese (SWCH) — price, funding and open interest
SWCH/USDT perpetual on BingX · MEXC: price 0.027980, 24h turnover $183K. Updated in real time.
What this is
Decentralised financeSwissCheese is a Polygon platform for trading digital reflections of stocks: buying, swapping and borrowing against them without a brokerage account. Such services give access to shares to people who have none, and that is their point; but the price inside always depends on who backs it and with what. What this shows: the key question is whether a real share stands behind the reflection and who custodies it — without that the instrument tracks a price but grants no shareholder rights. Here it trades on BingX spot.
Chart
Chart built from data of MEXC
SWCH unlocks
No unlock schedule: the whole supply is already in circulation (99.3 % per CoinGecko).
Net issuance will appear once our supply ledger covers 30 days.
Supply figures are from CoinGecko, updated once a day. We do not take unlock schedules from trackers.
What the data shows
SWCH trades at 0.027980. Over 365 days it ranged between 0.017100 and 0.2665; the price now sits in the lower third of that range — 4% of the way from the yearly low to the high.
All-time high is 1.0579 (December 2023); the price is 97% below it now.
The daily range is 17.4% and five-minute NATR is 0.15%. That range is at percentile 84 for the year — an unusually wide day.
Over the day +12.14%, over the hour +0.25%, over the last five minutes -0.07% — the move has only just started.
NATR is 0.08% on the minute and 1.88% on the hour — the move is choppy: within an hour price travels far and comes back.
24-hour turnover is $183K — percentile 59 for the year: a normal level of activity for it.
Traded on 2 venues: BingX, MEXC — the price is cross-checked across several sources.
SWCH correlation with Bitcoin over 24 hours is 0.31 — it partly moves with the market.
By turnover it ranks 1357 of 2043 instruments in the screener.
By daily range it ranks 174 of 2043.
Built from current numbers and the coin's own year of history. Updates with the data.
How SWCH behaved before
Tracked since November 2023 — 35 full months, and falling ones prevail: 26 of 35. Median month -12.6%.
Best month — April 2025: +127.7%. Worst — November 2024: -43.2%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
Kairo- PriceSWCH moved +12.14% in 24h, day range 17.4%.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — decentralised finance. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.