Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.28 per $10,000 · paid last 24h +0.003%
Price spread now: Bitget against BloFin−0.490%45s7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as 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−$980.975% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 3 days (all we have)+0.406%+$41 · spread now −0.490%, 7d avg −0.089%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.401% cheaper against BloFin than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.089%). Swap the legs. The two prices were read 45 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 | BloFin FORM-USDT | 0.3671 | 0.0155 | pay 0.0078% / 4h | 34m 28s | $1.1M | $368K | 50x |
| Short | Bitget FORMUSDT | 0.3653 | 0.0100 | get 0.0050% / 4h | 34m 28s | $1.2M | $8.1M | 50x |
BloFin FORM-USDT
Bitget FORMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- −$11.6
- Price spread: −0.490% → −0.089%
- −$40.11
- Slippage, 4 orders
- −$73.52
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$149.23
- Costs to cover
- 0.975%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Bitget: live order book, 4 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 BloFin live order book, 3 min ago | 2.72 bp | 12.8 bp −$13 | 44.3 bp −$443 | 217.9 bp −$21.8K | doesn't fit |
| Sell Bitget live order book, 4 min ago | 6.82 bp | 33.1 bp −$33 | 125.9 bp −$1,259 | 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 | 0.3670 | −0.015% | — | — | — | as long as short |
| BingX FORM-USDT | +0.0070% | 4h | 0.3658 | −0.354% | — | $3.5M | — | as long as short |
| Aster FORMUSDT | +0.0100% | 4h | 0.3659 | −0.332% | $48K | $701K | 5x | as long as short |
| Binance FORMUSDT | +0.0100% | 4h | 0.3653 | −0.491% | $19.6M | $139.4M | 50x | as long as short |
| Gate FORM_USDT | +0.0100% | 4h | 0.3659 | −0.327% | $794K | $4.2M | 50x | as long as short |
| MEXC FORM_USDT | +0.0100% | 4h | 0.3661 | −0.272% | $1.8M | $8.4M | 100x | as long as short |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3674 | +0.082% | $364K | $888K | 30x | as long as short |
| Bitget FORMUSDTshort | +0.0100% | 4h | 0.3653 | −0.490% | $1.2M | $8.1M | 50x | |
| BloFin FORM-USDTlong | +0.0155% | 4h | 0.3671 | long leg | $1.1M | $368K | 50x | |
| Bybit FORMUSDT | +0.0483% | 4h | 0.3657 | −0.387% | $2.5M | $11.8M | 20x | as long as short |
gTrade (Gains Network) FORM/USD
BingX FORM-USDT
Aster FORMUSDT
Binance FORMUSDT
Gate FORM_USDT
MEXC FORM_USDT
KuCoin FORMUSDTM
Bybit FORMUSDT