Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%
Price spread now: Bybit against Binance+0.068%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1431.432% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 7 days+0.130%+$13 · spread now +0.068%, 7d avg +0.111%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.044% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.111%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FORMUSDT | 0.3610 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $19.0M | $125.5M | 50x |
| Short | Bybit FORMUSDT | 0.3612 | 0.0100 | get 0.0050% / 4h | 3h 29m | $2.3M | $10.7M | 20x |
Binance FORMUSDT
Bybit FORMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- Price spread: +0.068% → +0.111%
- −$4.39
- Slippage, 4 orders
- −$122.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$147.6
- Costs to cover
- 1.432%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 4 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 | 1.37 bp | 17.6 bp −$18 | 71.8 bp −$718 | 400.1 bp −$40.0K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.13 bp | 56.0 bp −$56 | 158.3 bp −$1,583 | 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 | 0.3622 | +0.326% | — | — | — | as long as short |
| BingX FORM-USDT | +0.0070% | 4h | 0.3619 | +0.253% | — | $3.4M | — | as long as short |
| Aster FORMUSDT | +0.0100% | 4h | 0.3629 | +0.542% | $43K | $576K | 5x | as long as short |
| Binance FORMUSDTlong | +0.0100% | 4h | 0.3610 | long leg | $19.0M | $125.5M | 50x | |
| Bybit FORMUSDTshort | +0.0100% | 4h | 0.3612 | +0.068% | $2.3M | $10.7M | 20x | |
| Gate FORM_USDT | +0.0100% | 4h | 0.3617 | +0.198% | $834K | $3.9M | 50x | as long as short |
| MEXC FORM_USDT | +0.0100% | 4h | 0.3612 | +0.059% | $2.2M | $7.7M | 100x | as long as short |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3631 | +0.586% | $362K | $749K | 30x | as long as short |
| Bitget FORMUSDT | +0.0100% | 4h | 0.3609 | −0.024% | $1.1M | $7.3M | 50x | as long as short |
| BloFin FORM-USDT | +0.0122% | 4h | 0.3621 | +0.309% | $1.0M | $344K | 50x | as long as short |
gTrade (Gains Network) FORM/USD
BingX FORM-USDT
Aster FORMUSDT
Gate FORM_USDT
MEXC FORM_USDT
KuCoin FORMUSDTM
Bitget FORMUSDT
BloFin FORM-USDT