Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.030%
Price spread now: BingX against Bitget−0.108%7-day average +0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1081.082% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.108%, 7d avg +0.082%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.190% cheaper against Bitget than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.082%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget FORMUSDT | 0.3691 | 0.0100 | pay 0.0050% / 4h | 37m 38s | $1.2M | $8.1M | 50x |
| Short | BingX FORM-USDT | 0.3687 | 0.0070 | get 0.0035% / 4h | 37m 38s | — | $3.5M | — |
Bitget FORMUSDT
BingX FORM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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
- −$6.3
- Price spread: −0.108% → +0.082%
- −$18.99
- Slippage, 4 orders
- −$86.17
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$133.47
- Costs to cover
- 1.082%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 6 min ago; BingX: live order book, 12 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, 6 min ago | 5.46 bp | 35.7 bp −$36 | 127.0 bp −$1,270 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 8.16 bp | 21.6 bp −$22 | 59.7 bp −$597 | 327.7 bp −$32.8K | 856.1 bp −$428.1K |
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 | 0.3669 | −0.585% | — | — | — | as long as short |
| BingX FORM-USDTshort | +0.0070% | 4h | 0.3687 | −0.108% | — | $3.5M | — | |
| Aster FORMUSDT | +0.0100% | 4h | 0.3671 | −0.535% | $45K | $699K | 5x | as long as short |
| Binance FORMUSDT | +0.0100% | 4h | 0.3689 | −0.045% | $19.8M | $139.1M | 50x | as long as short |
| Gate FORM_USDT | +0.0100% | 4h | 0.3681 | −0.271% | $798K | $4.2M | 50x | as long as short |
| MEXC FORM_USDT | +0.0100% | 4h | 0.3673 | −0.488% | $1.8M | $8.4M | 100x | as long as short |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3671 | −0.542% | $365K | $888K | 30x | as long as short |
| Bitget FORMUSDTlong | +0.0100% | 4h | 0.3691 | long leg | $1.2M | $8.1M | 50x | |
| BloFin FORM-USDT | +0.0159% | 4h | 0.3672 | −0.515% | $1.1M | $368K | 50x | as long as short |
| Bybit FORMUSDT | +0.0473% | 4h | 0.3691 | +0.014% | $2.6M | $11.8M | 20x | as long as short |
gTrade (Gains Network) FORM/USD
Aster FORMUSDT
Binance FORMUSDT
Gate FORM_USDT
MEXC FORM_USDT
KuCoin FORMUSDTM
BloFin FORM-USDT
Bybit FORMUSDT