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 0.000%

Price spread now: Binance against Bitget0.000%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$930.934% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now 0.000%, 7d avg +0.054%

Together, before fees+0.020%+$2 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: Binance is 0.054% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget FORMUSDT	0.3598	0.0100	pay 0.0050% / 4h	3h 49m	$1.2M	$8.4M	50x
Short	Binance FORMUSDT	0.3598	0.0100	get 0.0050% / 4h	3h 49m	$19.1M	$144.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.054%: −$5.39
Slippage, 4 orders: −$71.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$98.81
Costs to cover: 0.934%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 8 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 Bitget live order book, 4 min ago	7.05 bp	27.9 bp −$28	126.5 bp −$1,265	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.78 bp	18.1 bp −$18	82.9 bp −$829	481.2 bp −$48.1K	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	0.3588	−0.275%	—	—	—	as long as short
BingX FORM-USDT	+0.0070%	4h	0.3597	−0.028%	—	$3.6M	—	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3588	−0.273%	$49K	$740K	5x	as long as short
Binance FORMUSDTshort	+0.0100%	4h	0.3598	0.000%	$19.1M	$144.5M	50x
Bybit FORMUSDT	+0.0100%	4h	0.3600	+0.056%	$2.3M	$12.1M	20x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3598	0.000%	$768K	$4.2M	50x	as long as short
MEXC FORM_USDT	+0.0100%	4h	0.3594	−0.111%	$1.5M	$8.7M	100x	as long as short
KuCoin FORMUSDTM	+0.0100%	4h	0.3591	−0.195%	$347K	$981K	30x	as long as short
Bitget FORMUSDTlong	+0.0100%	4h	0.3598	long leg	$1.2M	$8.4M	50x
BloFin FORM-USDT	+0.0137%	4h	0.3581	−0.472%	$1.0M	$367K	50x	as long as short