SwissCheese (SWCH) — price, funding and open interest
SWCH/USDT perpetual on BingX: price 0.031922, 24h turnover $28K. 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. The coin is about 97% below its December 2023 peak. Here it trades on BingX spot.
Chart
Chart built from data of BingX
What the data shows
SWCH trades at 0.031922. Over 365 days it ranged between 0.017100 and 0.2665; the price now sits in the lower third of that range — 6% of the way from the yearly low to the high.
The daily range is 1.4% and five-minute NATR is 0.13%. That range is in the 2th percentile for the year — a noticeably calmer day than usual.
24-hour turnover is $28K — the 5th percentile for the year: trading is quiet.
Over the day -0.45%, over the hour -0.07%, over the last five minutes +0.10% — the move has only just started.
Traded on a single venue — BingX. There is nothing to cross-check the price against, so a drift from the wider market would go unseen.
SWCH correlation with Bitcoin over 24 hours is 0.55 — it partly moves with the market.
By turnover it ranks 1643 of 1924 instruments in the screener.
By daily range it ranks 1754 of 1924.
NATR is 0.06% on the minute and 0.50% on the hour — the move is even, without sharp excursions inside the hour.
Built from current numbers and the coin's own year of history. Updates with the data.
How SWCH behaved before
Tracked since November 2023 — 33 full months, and falling ones prevail: 24 of 33. Median month -13.5%.
Best month — April 2025: +127.7%. Worst — May 2026: -45.4%.
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
KairoRight now SWCH is within its usual range: volume, funding and open interest are all unremarkable.
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.