Settings8H · net · $10k
Funding arb · Price arb /

FORM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance−0.014%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$980.977% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.014%, 7d avg −0.051%
Together, before fees−0.040%−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.037% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance FORMUSDT0.36810.0100pay 0.0050% / 4h37m 00s$19.7M$139.2M50x
ShortBitget FORMUSDT0.36800.0100get 0.0050% / 4h37m 00s$1.2M$8.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.014% → −0.051%
$3.74
Slippage, 4 orders
−$75.72
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$93.98
Costs to cover
0.977%
Break-even
never at this rate
Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago1.36 bp16.1 bp −$1626.8 bp −$268338.7 bp −$33.9Kdoesn't fit
Sell Bitget live order book, 1 min ago6.82 bp33.1 bp −$33125.9 bp −$1,259doesn't fitdoesn't fit

FORM on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) FORM/USDL −0.0007% / S +0.0008%1h0.3678−0.072%as long as short
BingX FORM-USDT+0.0070%4h0.3682+0.040%$3.5Mas long as short
BloFin FORM-USDT+0.0083%4h0.3682+0.040%$1.1M$369K50xas long as short
Aster FORMUSDT+0.0100%4h0.3682+0.042%$45K$699K5xas long as short
Binance FORMUSDTlong+0.0100%4h0.3681long leg$19.7M$139.2M50x
Gate FORM_USDT+0.0100%4h0.3682+0.040%$799K$4.2M50xas long as short
MEXC FORM_USDT+0.0100%4h0.3680−0.014%$1.8M$8.4M100xas long as short
KuCoin FORMUSDTM+0.0100%4h0.3684+0.095%$366K$888K30xas long as short
Bitget FORMUSDTshort+0.0100%4h0.3680−0.014%$1.2M$8.1M50x
Bybit FORMUSDT+0.0473%4h0.3683+0.067%$2.5M$11.8M20xas long as short