Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h +0.019%
Price spread now: Bybit against BingX+0.115%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1291.288% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days−0.093%−$9 · spread now +0.115%, 7d avg +0.070%
=The price spread pays, funding is against you. Bybit is 0.045% dearer against BingX than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.070%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX FORM-USDT | 0.3484 | 0.0334 | pay 0.0167% / 4h | 1h 22m | — | $3.7M | — |
| Short | Bybit FORMUSDT | 0.3488 | 0.0306 | get 0.0153% / 4h | 1h 22m | $2.3M | $12.8M | 20x |
BingX FORM-USDT
Bybit FORMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$5.85
- Price spread: +0.115% → +0.070%
- $4.45
- Slippage, 4 orders
- −$107.83
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$130.23
- Costs to cover
- 1.288%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 6 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, 2 min ago | 4.32 bp | 22.0 bp −$22 | 72.1 bp −$721 | 353.8 bp −$35.4K | 961.4 bp −$480.7K |
| Sell Bybit live order book, 6 min ago | 4.30 bp | 65.2 bp −$65 | 197.3 bp −$1,973 | 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 | 0.3479 | −0.141% | — | — | — | as long as short |
| BloFin FORM-USDT | +0.0092% | 4h | 0.3476 | −0.230% | $1.0M | $383K | 50x | as long as short |
| Aster FORMUSDT | +0.0100% | 4h | 0.3484 | 0.000% | $44K | $857K | 5x | as long as short |
| Binance FORMUSDT | +0.0100% | 4h | 0.3489 | +0.144% | $18.7M | $155.4M | 50x | as long as short |
| Gate FORM_USDT | +0.0100% | 4h | 0.3476 | −0.230% | $748K | $4.5M | 50x | as long as short |
| MEXC FORM_USDT | +0.0100% | 4h | 0.3487 | +0.086% | $2.0M | $9.1M | 100x | as long as short |
| Bitget FORMUSDT | +0.0100% | 4h | 0.3484 | 0.000% | $1.2M | $9.2M | 50x | as long as short |
| KuCoin FORMUSDTM | +0.0136% | 4h | 0.3485 | +0.029% | $405K | $1.1M | 30x | as long as short |
| Bybit FORMUSDTshort | +0.0306% | 4h | 0.3488 | +0.115% | $2.3M | $12.8M | 20x | |
| BingX FORM-USDTlong | +0.0334% | 4h | 0.3484 | long leg | — | $3.7M | — |
gTrade (Gains Network) FORM/USD
BloFin FORM-USDT
Aster FORMUSDT
Binance FORMUSDT
Gate FORM_USDT
MEXC FORM_USDT
Bitget FORMUSDT
KuCoin FORMUSDTM