FORM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0315%/8h= +34.5% APRnext payment +$1.58 per $10,000 · paid last 24h +0.035%

Price spread now: Bybit against BloFin−0.102%62s7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$199as 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−$2022.024% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 3 days (all we have)−0.060%−$6 · spread now −0.102%, 7d avg +0.050%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.152% cheaper against BloFin than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of +0.050%). If the spread goes back, that is −$15 on $10k: about 39 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.031% in total) that is about 34 days. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin FORM-USDT	0.3637	0.0110	pay 0.0055% / 4h	1h 54m	$1.0M	$357K	50x
Short	Bybit FORMUSDT	0.3633	0.0426	get 0.0213% / 4h	1h 54m	$2.4M	$11.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee BybitbpOrdersPrice spread, now −0.102%Rate

Funding earned: $66.2
Price spread: −0.102% → +0.050%: −$15.22
Slippage, 4 orders: −$179.42
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$151.43
Costs to cover: 2.024%
Break-even: 23.0 days

Slippage from BloFin: live order book, 3 min ago; Bybit: 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	2.76 bp	17.0 bp −$17	32.2 bp −$322	232.5 bp −$23.2K	doesn't fit
Sell Bybit live order book, 4 min ago	2.77 bp	82.6 bp −$83	196.5 bp −$1,965	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	0.3629	−0.222%	—	—	—	as long as short
BingX FORM-USDT	+0.0070%	4h	0.3631	−0.165%	—	$3.5M	—	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3629	−0.219%	$45K	$629K	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3630	−0.192%	$19.3M	$132.9M	50x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3630	−0.192%	$832K	$4.0M	50x	as long as short
MEXC FORM_USDT	+0.0100%	4h	0.3628	−0.247%	$1.8M	$8.2M	100x	as long as short
KuCoin FORMUSDTM	+0.0100%	4h	0.3630	−0.192%	$380K	$812K	30x	as long as short
Bitget FORMUSDT	+0.0100%	4h	0.3628	−0.247%	$1.1M	$7.7M	50x	as long as short
BloFin FORM-USDTlong	+0.0110%	4h	0.3637	long leg	$1.0M	$357K	50x
Bybit FORMUSDTshort	+0.0426%	4h	0.3633	−0.102%	$2.4M	$11.3M	20x