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

FORM

all FORM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.061%
Price spread now: BingX against gTrade (Gains Network)−0.236%46s7-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
Funding pays, the price is against you. BingX is 0.236% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.236% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 7.3 days of funding at the current rate (+$3 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) FORM/USD0.3208L −0.0007% / S +0.0008%get 0.0001% / 1h31m 26s
ShortBingX FORM-USDT0.32000.0100get 0.0050% / 4h3h 31m$3.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.236% → 0.000%
−$23.57
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$21.04
Costs to cover
0.200%
Break-even
13.5 days
Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 4 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 BingX live order book, 4 min ago6.30 bp22.8 bp −$2372.3 bp −$723263.7 bp −$26.4K967.9 bp −$484.0K
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%1h0.3208long leg
Aster FORMUSDT+0.0100%4h0.3202−0.166%$41K$1.0M5xas long as short
Binance FORMUSDT+0.0100%4h0.3203−0.142%$15.9M$168.5M50xas long as short
Bybit FORMUSDT+0.0100%4h0.3204−0.127%$1.8M$14.3M20xas long as short
Gate FORM_USDT+0.0100%4h0.3199−0.267%$693K$5.2M50xas long as short
MEXC FORM_USDT+0.0100%4h0.3204−0.111%$1.2M$9.6M100xas long as short
KuCoin FORMUSDTM+0.0100%4h0.3195−0.392%$184K$1.6M30xas long as short
Bitget FORMUSDT+0.0100%4h0.3202−0.173%$980K$10.4M50xas long as short
BingX FORM-USDTshort+0.0100%4h0.3200−0.236%$3.9M
BloFin FORM-USDT+0.0124%4h0.3183−0.766%$898K$403K50xas long as short