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: Gate against Bitget+0.335%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1361.360% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.270%−$27 · spread now +0.335%, 7d avg +0.098%

Together, before fees−0.289%−$29 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: Gate is 0.237% dearer against Bitget than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget FORMUSDT	0.3282	0.0100	pay 0.0050% / 4h	58m 20s	$1.1M	$9.6M	50x
Short	Gate FORM_USDT	0.3293	0.0100	get 0.0050% / 4h	58m 20s	$706K	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.335%Rate

Funding earned: $0
Price spread: +0.335% → +0.098%: $23.72
Slippage, 4 orders: −$109
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$112.28
Costs to cover: 1.360%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	4.46 bp	33.5 bp −$33	242.4 bp −$2,424	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	11.90 bp	39.6 bp −$40	229.4 bp −$2,294	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	0.3287	+0.140%	—	—	—	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3287	+0.138%	$45K	$934K	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3278	−0.129%	$17.2M	$160.1M	50x	as long as short
Gate FORM_USDTshort	+0.0100%	4h	0.3293	+0.335%	$706K	$4.8M	50x
MEXC FORM_USDT	+0.0100%	4h	0.3293	+0.335%	$1.7M	$9.2M	100x	as long as short
Bitget FORMUSDTlong	+0.0100%	4h	0.3282	long leg	$1.1M	$9.6M	50x
BloFin FORM-USDT	+0.0110%	4h	0.3314	+0.975%	$1.0M	$386K	50x	as long as short
KuCoin FORMUSDTM	+0.0252%	4h	0.3293	+0.335%	$352K	$1.4M	30x	as long as short
Bybit FORMUSDT	+0.0428%	4h	0.3273	−0.271%	$2.2M	$13.3M	20x	as long as short
BingX FORM-USDT	+0.0434%	4h	0.3290	+0.244%	—	$3.8M	—	as long as short