Funding you earn now, next payment 00:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance+0.753%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs+$1as in the Price arb table
costs, in and out, $10k−$710.709% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 3 days (all we have)−0.487%−$49 · spread now +0.753%, 7d avg +0.037%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.715% dearer against Binance than usual: you sell high and buy low, +$72 on $10k if it goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FORMUSDT | 0.3554 | 0.0100 | pay 0.0050% / 4h | 2h 38m | $18.7M | $130.1M | 50x |
| Short | BloFin FORM-USDT | 0.3581 | 0.0097 | get 0.0049% / 4h | 2h 38m | $1.0M | $347K | 50x |
Binance FORMUSDT
BloFin FORM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$0.63
- Price spread: +0.753% → +0.037%
- $71.55
- Slippage, 4 orders
- −$48.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$0.02
- Costs to cover
- 0.709%
- Break-even
- from the start
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 3 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 Binance live order book, 4 min ago | 1.38 bp | 15.8 bp −$16 | 74.3 bp −$743 | 447.6 bp −$44.8K | doesn't fit |
| Sell BloFin live order book, 3 min ago | 4.15 bp | 21.9 bp −$22 | 61.1 bp −$611 | doesn't fit | doesn't fit |
FORM on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) FORM/USD | L −0.0007% / S +0.0008% | 1h | 0.3584 | +0.827% | — | — | — | as long as short |
| BingX FORM-USDT | +0.0070% | 4h | 0.3551 | −0.091% | — | $3.4M | — | as long as short |
| BloFin FORM-USDTshort | +0.0097% | 4h | 0.3581 | +0.753% | $1.0M | $347K | 50x | |
| Aster FORMUSDT | +0.0100% | 4h | 0.3548 | −0.162% | $43K | $602K | 5x | as long as short |
| Binance FORMUSDTlong | +0.0100% | 4h | 0.3554 | long leg | $18.7M | $130.1M | 50x | |
| Bybit FORMUSDT | +0.0100% | 4h | 0.3567 | +0.356% | $2.3M | $11.1M | 20x | as long as short |
| Gate FORM_USDT | +0.0100% | 4h | 0.3551 | −0.091% | $813K | $4.0M | 50x | as long as short |
| MEXC FORM_USDT | +0.0100% | 4h | 0.3552 | −0.063% | $1.8M | $8.0M | 100x | as long as short |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3559 | +0.134% | $350K | $777K | 30x | as long as short |
| Bitget FORMUSDT | +0.0100% | 4h | 0.3552 | −0.063% | $1.1M | $7.6M | 50x | as long as short |
gTrade (Gains Network) FORM/USD
BingX FORM-USDT
Aster FORMUSDT
Bybit FORMUSDT
Gate FORM_USDT
MEXC FORM_USDT
KuCoin FORMUSDTM
Bitget FORMUSDT