FORM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.52 per $10,000 · paid last 24h −0.044%

Price spread now: BloFin against Bybit+0.032%7-day average −0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1801.804% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.032%, 7d avg −0.081%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.113% dearer against Bybit than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.081%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.041% in total) that is about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit FORMUSDT	0.3120	0.0169	pay 0.0084% / 4h	58m 47s	$1.7M	$14.7M	20x
Short	BloFin FORM-USDT	0.3121	0.0065	get 0.0032% / 4h	58m 47s	$888K	$414K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$21.78
Price spread: +0.032% → −0.081%: $11.29
Slippage, 4 orders: −$157.4
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$190.88
Costs to cover: 1.804%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 58 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, 5 min ago	3.21 bp	76.7 bp −$77	142.6 bp −$1,426	doesn't fit	doesn't fit
Sell BloFin live order book, 58 min ago	1.59 bp	19.3 bp −$19	34.3 bp −$343	274.9 bp −$27.5K	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	0.3119	−0.026%	—	—	—	as long as short
BloFin FORM-USDTshort	+0.0065%	4h	0.3121	+0.032%	$888K	$414K	50x
Aster FORMUSDT	+0.0100%	4h	0.3119	−0.030%	$39K	$1.1M	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3118	−0.049%	$15.3M	$174.9M	50x	as long as short
MEXC FORM_USDT	+0.0100%	4h	0.3118	−0.064%	$1.1M	$9.8M	100x	as long as short
KuCoin FORMUSDTM	+0.0100%	4h	0.3117	−0.096%	$170K	$1.6M	30x	as long as short
Bitget FORMUSDT	+0.0100%	4h	0.3118	−0.064%	$951K	$10.6M	50x	as long as short
BingX FORM-USDT	+0.0148%	4h	0.3120	0.000%	—	$3.9M	—	as long as short
Bybit FORMUSDTlong	+0.0169%	4h	0.3120	long leg	$1.7M	$14.7M	20x
Gate FORM_USDT	+0.0228%	4h	0.3120	0.000%	$701K	$5.4M	50x	as long as short