Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Binance+0.205%81s7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as 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−$780.778% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.205%, 7d avg +0.049%
=The price spread pays, funding is against you. BloFin is 0.157% dearer against Binance than usual: you sell high and buy low (spread +0.205% now, against its 7-day average of +0.049%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 7 days (−0.010% in total) that is about 4 months. The two prices were read 81 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 | Binance FLOCKUSDT | 0.07544 | 0.0100 | pay 0.0050% / 4h | 2h 45m | $5.6M | $50.1M | 50x |
| Short | BloFin FLOCK-USDT | 0.07560 | 0.0068 | get 0.0034% / 4h | 2h 45m | $280K | $100K | 50x |
Binance FLOCKUSDT
BloFin FLOCK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$6.63
- Price spread: +0.205% → +0.049%
- $15.67
- Slippage, 4 orders
- −$55.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$68.74
- Costs to cover
- 0.778%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 38 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 Binance live order book, 11 min ago | 3.29 bp | 19.3 bp −$19 | 53.9 bp −$539 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 38 min ago | 5.94 bp | 21.8 bp −$22 | 42.6 bp −$426 | doesn't fit | doesn't fit |
FLOCK on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin FLOCK-USDTshort | +0.0068% | 4h | 0.07560 | +0.205% | $280K | $100K | 50x | |
| Binance FLOCKUSDTlong | +0.0100% | 4h | 0.07544 | long leg | $5.6M | $50.1M | 50x | |
| Bybit FLOCKUSDT | +0.0100% | 4h | 0.07533 | −0.152% | $3.4M | $15.1M | 20x | as long as short |
| OKX FLOCK-USDT-SWAP | +0.0100% | 4h | 0.07534 | −0.139% | $865K | $17.5M | 20x | as long as short |
| Gate FLOCK_USDT | +0.0100% | 8h | 0.07540 | −0.060% | $793K | $2.0M | 50x | as long as short |
| MEXC FLOCK_USDT | +0.0100% | 4h | 0.07541 | −0.046% | $376K | $368K | 100x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07542 | −0.033% | $1.2M | $976K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07540 | −0.060% | $1.2M | $2.6M | 20x | as long as short |
| BingX FLOCK-USDT | +0.0100% | 4h | 0.07539 | −0.073% | — | $6.9M | — | as long as short |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07578 | +0.438% | $177K | $366K | — | as long as short |
Bybit FLOCKUSDT
OKX FLOCK-USDT-SWAP
Gate FLOCK_USDT
MEXC FLOCK_USDT
KuCoin FLOCKUSDTM
Bitget FLOCKUSDT
BingX FLOCK-USDT
Variational Omni FLOCKShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FLOCKUSDT | +0.0565% | 4h | 0.07553 | +0.111% | $1.6M | $5.0M | 5x | as long as short |
Aster FLOCKUSDT