Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Gate+0.138%78s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1201.205% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 3 days (all we have)+0.143%+$14 · spread now +0.138%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.135% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.003%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate FORM_USDT | 0.3618 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $830K | $4.0M | 50x |
| Short | BloFin FORM-USDT | 0.3623 | 0.0143 | get 0.0072% / 4h | 1h 55m | $1.0M | $356K | 50x |
Gate FORM_USDT
BloFin FORM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.07
- Price spread: +0.138% → +0.003%
- $13.5
- Slippage, 4 orders
- −$93.48
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$97.9
- Costs to cover
- 1.205%
- Break-even
- 82.6 days
Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 2 min ago | 6.93 bp | 34.4 bp −$34 | 119.8 bp −$1,198 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 2.76 bp | 17.9 bp −$18 | 49.1 bp −$491 | 179.7 bp −$18.0K | doesn't fit |
FORM on 10 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) FORM/USD | L −0.0007% / S +0.0008% | 1h | 0.3618 | −0.001% | — | — | — | as long as short |
| BingX FORM-USDT | +0.0070% | 4h | 0.3621 | +0.083% | — | $3.5M | — | as long as short |
| Aster FORMUSDT | +0.0100% | 4h | 0.3618 | 0.000% | $45K | $629K | 5x | as long as short |
| Binance FORMUSDT | +0.0100% | 4h | 0.3619 | +0.019% | $19.2M | $132.8M | 50x | as long as short |
| Gate FORM_USDTlong | +0.0100% | 4h | 0.3618 | long leg | $830K | $4.0M | 50x | |
| MEXC FORM_USDT | +0.0100% | 4h | 0.3618 | 0.000% | $1.8M | $8.2M | 100x | as long as short |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3618 | 0.000% | $379K | $812K | 30x | as long as short |
| Bitget FORMUSDT | +0.0100% | 4h | 0.3615 | −0.083% | $1.1M | $7.7M | 50x | as long as short |
| BloFin FORM-USDTshort | +0.0143% | 4h | 0.3623 | +0.138% | $1.0M | $356K | 50x | |
| Bybit FORMUSDT | +0.0445% | 4h | 0.3618 | 0.000% | $2.4M | $11.3M | 20x | as long as short |
gTrade (Gains Network) FORM/USD
BingX FORM-USDT
Aster FORMUSDT
Binance FORMUSDT
MEXC FORM_USDT
KuCoin FORMUSDTM
Bitget FORMUSDT
Bybit FORMUSDT