FORM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0427%/8h= −46.8% APRnext payment −$2.14 per $10,000 · paid last 24h −0.001%

Price spread now: BingX against Bybit−0.082%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2252.246% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.082%, 7d avg −0.069%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.14 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	Bybit FORMUSDT	0.3667	0.0497	pay 0.0249% / 4h	34m 50s	$2.5M	$11.8M	20x
Short	BingX FORM-USDT	0.3664	0.0070	get 0.0035% / 4h	34m 50s	—	$3.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$89.7
Price spread: −0.082% → −0.069%: −$1.27
Slippage, 4 orders: −$203.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$315.6
Costs to cover: 2.246%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 15 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 Bybit live order book, 3 min ago	4.08 bp	83.8 bp −$84	166.9 bp −$1,669	doesn't fit	doesn't fit
Sell BingX live order book, 15 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	0.3670	+0.094%	—	—	—	as long as short
BingX FORM-USDTshort	+0.0070%	4h	0.3664	−0.082%	—	$3.5M	—
Aster FORMUSDT	+0.0100%	4h	0.3676	+0.245%	$48K	$699K	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3664	−0.075%	$19.6M	$139.3M	50x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3672	+0.136%	$797K	$4.2M	50x	as long as short
MEXC FORM_USDT	+0.0100%	4h	0.3670	+0.082%	$1.8M	$8.4M	100x	as long as short
KuCoin FORMUSDTM	+0.0100%	4h	0.3682	+0.409%	$365K	$888K	30x	as long as short
Bitget FORMUSDT	+0.0100%	4h	0.3670	+0.082%	$1.2M	$8.1M	50x	as long as short
BloFin FORM-USDT	+0.0155%	4h	0.3671	+0.109%	$1.1M	$368K	50x	as long as short
Bybit FORMUSDTlong	+0.0497%	4h	0.3667	long leg	$2.5M	$11.8M	20x