Funding you earn now, next payment 00:00 UTC+0.0077%/8h= +8.4% APRnext payment +$0.38 per $10,000 · paid last 24h −0.034%
Price spread now: BloFin against BingX+0.084%96s7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.029%+$3 · spread now +0.084%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.085% dearer against BingX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX FORM-USDT | 0.3590 | 0.0070 | pay 0.0035% / 4h | 1h 49m | — | $3.5M | — |
| Short | BloFin FORM-USDT | 0.3593 | 0.0147 | get 0.0073% / 4h | 1h 49m | $1.0M | $354K | 50x |
BingX FORM-USDT
BloFin FORM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- $16.15
- Price spread: +0.084% → −0.002%
- $8.54
- Slippage, 4 orders
- −$45.09
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$42.4
- Costs to cover
- 0.671%
- Break-even
- 25.4 days
Slippage from BingX: live order book, 15 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 BingX live order book, 15 min ago | 4.16 bp | 23.6 bp −$24 | 74.2 bp −$742 | 371.5 bp −$37.1K | 991.0 bp −$495.5K |
| Sell BloFin live order book, 3 min ago | 2.78 bp | 8.8 bp −$9 | 26.9 bp −$269 | 167.8 bp −$16.8K | 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 | 0.3577 | −0.350% | — | — | — | as long as short |
| BingX FORM-USDTlong | +0.0070% | 4h | 0.3590 | long leg | — | $3.5M | — | |
| Aster FORMUSDT | +0.0100% | 4h | 0.3585 | −0.149% | $45K | $629K | 5x | as long as short |
| Binance FORMUSDT | +0.0100% | 4h | 0.3588 | −0.057% | $19.1M | $133.5M | 50x | as long as short |
| Gate FORM_USDT | +0.0100% | 4h | 0.3584 | −0.167% | $819K | $4.0M | 50x | as long as short |
| MEXC FORM_USDT | +0.0100% | 4h | 0.3595 | +0.139% | $1.7M | $8.2M | 100x | as long as short |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3583 | −0.195% | $382K | $815K | 30x | as long as short |
| Bitget FORMUSDT | +0.0100% | 4h | 0.3593 | +0.084% | $1.1M | $7.7M | 50x | as long as short |
| BloFin FORM-USDTshort | +0.0147% | 4h | 0.3593 | +0.084% | $1.0M | $354K | 50x | |
| Bybit FORMUSDT | +0.0451% | 4h | 0.3596 | +0.167% | $2.3M | $11.4M | 20x | as long as short |
gTrade (Gains Network) FORM/USD
Aster FORMUSDT
Binance FORMUSDT
Gate FORM_USDT
MEXC FORM_USDT
KuCoin FORMUSDTM
Bitget FORMUSDT
Bybit FORMUSDT