Funding arb · Price arb /

FORM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.029%

Price spread now: Bitget against BingX+0.159%7-day average −0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1221.219% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.159%, 7d avg −0.093%

Together, before fees−0.117%−$12 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 0.252% dearer against BingX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX FORM-USDT	0.3144	0.0100	pay 0.0050% / 4h	5m 20s	—	$3.9M	—
Short	Bitget FORMUSDT	0.3149	0.0100	get 0.0050% / 4h	5m 20s	$992K	$10.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee BitgetbpOrdersPrice spread, now +0.159%Rate

Funding earned: $0
Price spread: +0.159% → −0.093%: $25.22
Slippage, 4 orders: −$99.93
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$96.72
Costs to cover: 1.219%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Bitget: 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 BingX live order book, 5 min ago	7.89 bp	24.8 bp −$25	78.8 bp −$788	515.6 bp −$51.6K	1036.1 bp −$518.0K
Sell Bitget live order book, 3 min ago	6.31 bp	41.0 bp −$41	149.1 bp −$1,491	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	0.3144	−0.011%	—	—	—	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3143	−0.034%	$39K	$995K	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3146	+0.064%	$15.6M	$167.3M	50x	as long as short
Bybit FORMUSDT	+0.0100%	4h	0.3147	+0.083%	$2.0M	$14.0M	20x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3145	+0.032%	$699K	$5.1M	50x	as long as short
MEXC FORM_USDT	+0.0100%	4h	0.3146	+0.064%	$1.2M	$9.5M	100x	as long as short
KuCoin FORMUSDTM	+0.0100%	4h	0.3142	−0.064%	$222K	$1.5M	30x	as long as short
Bitget FORMUSDTshort	+0.0100%	4h	0.3149	+0.159%	$992K	$10.2M	50x
BingX FORM-USDTlong	+0.0100%	4h	0.3144	long leg	—	$3.9M	—
BloFin FORM-USDT	+0.0106%	4h	0.3153	+0.286%	$895K	$386K	50x	as long as short