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

FORM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.032%
Price spread now: Bitget against gTrade (Gains Network)+0.436%45s7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.436% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$44 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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/USD0.3577L −0.0007% / S +0.0008%get 0.0001% / 1h49m 41s
ShortBitget FORMUSDT0.35930.0100get 0.0050% / 4h1h 49m$1.1M$7.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.436% → 0.000%
$43.55
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$44.08
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: 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 Bitget live order book, 4 min ago5.54 bp36.5 bp −$37123.1 bp −$1,231doesn't fitdoesn'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%1h0.3577long leg
BingX FORM-USDT+0.0070%4h0.3590+0.352%$3.5Mas long as short
Aster FORMUSDT+0.0100%4h0.3585+0.202%$45K$629K5xas long as short
Binance FORMUSDT+0.0100%4h0.3588+0.294%$19.1M$133.5M50xas long as short
Gate FORM_USDT+0.0100%4h0.3584+0.184%$819K$4.0M50xas long as short
MEXC FORM_USDT+0.0100%4h0.3595+0.491%$1.7M$8.2M100xas long as short
KuCoin FORMUSDTM+0.0100%4h0.3583+0.156%$382K$815K30xas long as short
Bitget FORMUSDTshort+0.0100%4h0.3593+0.436%$1.1M$7.7M50x
BloFin FORM-USDT+0.0147%4h0.3593+0.436%$1.0M$354K50xas long as short
Bybit FORMUSDT+0.0451%4h0.3596+0.519%$2.3M$11.4M20xas long as short