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

FORM

all FORM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.064%
Price spread now: Bybit against gTrade (Gains Network)−0.710%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
Funding pays, the price is against you. Bybit is 0.710% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.710% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$71 on $10k: about 22 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) FORM/USD0.3584L −0.0007% / S +0.0008%get 0.0001% / 1h38m 56s
ShortBybit FORMUSDT0.35580.0100get 0.0050% / 4h2h 38m$2.3M$11.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.710% → 0.000%
−$70.99
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$69.46
Costs to cover
0.210%
Break-even
28.6 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: 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 Bybit live order book, 4 min ago4.16 bp67.8 bp −$68188.0 bp −$1,880doesn'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%1h0.3584long leg
BingX FORM-USDT+0.0070%4h0.3556−0.771%$3.4Mas long as short
BloFin FORM-USDT+0.0097%4h0.3581−0.074%$1.0M$347K50xas long as short
Aster FORMUSDT+0.0100%4h0.3582−0.039%$43K$602K5xas long as short
Binance FORMUSDT+0.0100%4h0.3554−0.826%$18.7M$130.0M50xas long as short
Bybit FORMUSDTshort+0.0100%4h0.3558−0.710%$2.3M$11.1M20x
Gate FORM_USDT+0.0100%4h0.3565−0.520%$818K$4.0M50xas long as short
MEXC FORM_USDT+0.0100%4h0.3553−0.855%$1.8M$8.0M100xas long as short
KuCoin FORMUSDTM+0.0100%4h0.3562−0.604%$350K$777K30xas long as short
Bitget FORMUSDT+0.0100%4h0.3558−0.715%$1.1M$7.5M50xas long as short