Settings8H · net · $10k
Funding arb · Price arb /

FORM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.082%
Price spread now: gTrade (Gains Network) against Bybit−0.496%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.496% cheaper against Bybit than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit FORMUSDT0.35280.0100pay 0.0050% / 4h3h 15m$2.3M$12.2M20x
ShortgTrade (Gains Network) FORM/USD0.3510L −0.0007% / S +0.0008%pay 0.0001% / 1h15m 46s

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$22.65
Price spread: −0.496% → 0.000%
−$49.63
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$93.28
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago4.28 bp58.3 bp −$58172.7 bp −$1,727doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

FORM on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) FORM/USDshortL −0.0007% / S +0.0008%1h0.3510−0.496%
BingX FORM-USDT+0.0070%4h0.3522−0.164%$3.6Mas long as short
Aster FORMUSDT+0.0100%4h0.3516−0.321%$47K$745K5xas long as short
Binance FORMUSDT+0.0100%4h0.3526−0.038%$18.7M$147.1M50xas long as short
Bybit FORMUSDTlong+0.0100%4h0.3528long leg$2.3M$12.2M20x
Gate FORM_USDT+0.0100%4h0.3516−0.334%$757K$4.3M50xas long as short
MEXC FORM_USDT+0.0100%4h0.3524−0.108%$1.5M$8.8M100xas long as short
KuCoin FORMUSDTM+0.0100%4h0.3512−0.448%$320K$1.0M30xas long as short
Bitget FORMUSDT+0.0100%4h0.3524−0.108%$1.2M$8.6M50xas long as short
BloFin FORM-USDT+0.0114%4h0.3507−0.590%$1.0M$363K50xas long as short