Funding you earn now, next payment 04:00 UTC−0.0277%/8h= −30.3% APRnext payment −$1.38 per $10,000 · paid last 24h −0.049%
Price spread now: Bitget against Bybit−0.167%7-day average −0.139% · you buy dearer than you sell
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2382.375% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.167%, 7d avg −0.139%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget is 0.028% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.139%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.38 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 | 0.3584 | 0.0377 | pay 0.0188% / 4h | 2h 11m | $2.3M | $12.5M | 20x |
| Short | Bitget FORMUSDT | 0.3578 | 0.0100 | get 0.0050% / 4h | 2h 11m | $1.2M | $9.0M | 50x |
Bybit FORMUSDT
Bitget FORMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$58.07
- Price spread: −0.167% → −0.139%
- −$2.82
- Slippage, 4 orders
- −$214.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$298.43
- Costs to cover
- 2.375%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago | 6.99 bp | 97.1 bp −$97 | 252.4 bp −$2,524 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.80 bp | 20.0 bp −$20 | 136.1 bp −$1,361 | doesn't fit | doesn't fit |
FORM on 9 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 | 0.3576 | −0.220% | — | — | — | as long as short |
| BingX FORM-USDT | +0.0070% | 4h | 0.3582 | −0.056% | — | $3.7M | — | as long as short |
| Aster FORMUSDT | +0.0100% | 4h | 0.3580 | −0.122% | $45K | $789K | 5x | as long as short |
| Binance FORMUSDT | +0.0100% | 4h | 0.3579 | −0.132% | $19.1M | $152.1M | 50x | as long as short |
| Gate FORM_USDT | +0.0100% | 4h | 0.3581 | −0.084% | $783K | $4.4M | 50x | as long as short |
| MEXC FORM_USDT | +0.0100% | 4h | 0.3578 | −0.167% | $1.7M | $8.9M | 100x | as long as short |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3576 | −0.223% | $437K | $1.1M | 30x | as long as short |
| Bitget FORMUSDTshort | +0.0100% | 4h | 0.3578 | −0.167% | $1.2M | $9.0M | 50x | |
| Bybit FORMUSDTlong | +0.0377% | 4h | 0.3584 | long leg | $2.3M | $12.5M | 20x |
gTrade (Gains Network) FORM/USD
BingX FORM-USDT
Aster FORMUSDT
Binance FORMUSDT
Gate FORM_USDT
MEXC FORM_USDT
KuCoin FORMUSDTM