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Funding arb · Price arb /

FORM

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.032%
Price spread now: Binance against gTrade (Gains Network)−0.023%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Binance
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 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Binance is 0.023% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) FORM/USD0.3119L −0.0007% / S +0.0008%get 0.0001% / 1h58m 37s———
ShortBinance FORMUSDT0.31180.0100get 0.0050% / 4h58m 37s$15.3M$174.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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
$22.53
Price spread: −0.023% → 0.000%
−$2.26
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$0.27
Costs to cover
0.200%
Break-even
6.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 15 min ago. 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 gTrade (Gains Network) no order-book sample—————
Sell Binance live order book, 15 min ago1.60 bp17.0 bp −$1761.9 bp −$619524.6 bp −$52.5Kdoesn't fit
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/USDlongL −0.0007% / S +0.0008%1h0.3119long leg———
BloFin FORM-USDT+0.0065%4h0.3121+0.058%$888K$414K50xas long as short
Aster FORMUSDT+0.0100%4h0.3119−0.003%$39K$1.1M5xas long as short
Binance FORMUSDTshort+0.0100%4h0.3118−0.023%$15.3M$174.9M50x
MEXC FORM_USDT+0.0100%4h0.3118−0.038%$1.1M$9.8M100xas long as short
KuCoin FORMUSDTM+0.0100%4h0.3117−0.070%$170K$1.6M30xas long as short
Bitget FORMUSDT+0.0100%4h0.3118−0.038%$951K$10.6M50xas long as short
BingX FORM-USDT+0.0148%4h0.3120+0.026%—$3.9M—as long as short
Bybit FORMUSDT+0.0169%4h0.3120+0.026%$1.7M$14.7M20xas long as short
Gate FORM_USDT+0.0228%4h0.3120+0.026%$701K$5.4M50xas long as short