Funding you earn now, next payment 08:00 UTC−0.0445%/8h= −48.7% APRnext payment −$2.22 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.013%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$860.858% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now −0.013%, 7d avg −0.071%
=The price spread pays, funding is against you. Bybit is 0.058% dearer against Binance than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.071%): +$6 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.22 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FLOCKUSDT | 0.07531 | 0.0545 | pay 0.0272% / 4h | 1h 08m | $5.9M | $39.9M | 50x |
| Short | Bybit FLOCKUSDT | 0.07530 | 0.0100 | get 0.0050% / 4h | 1h 08m | $3.5M | $13.4M | 20x |
Binance FLOCKUSDT
Bybit FLOCKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$93.43
- Price spread: −0.013% → −0.071%
- $5.76
- Slippage, 4 orders
- −$64.81
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$173.48
- Costs to cover
- 0.858%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago | 2.64 bp | 21.3 bp −$21 | 52.5 bp −$525 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 5.28 bp | 19.3 bp −$19 | 132.3 bp −$1,323 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit FLOCKUSDTshort | +0.0100% | 4h | 0.07530 | −0.013% | $3.5M | $13.4M | 20x | |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07527 | −0.053% | $1.2M | $811K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07532 | +0.013% | $1.2M | $2.2M | 20x | as long as short |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07568 | +0.493% | $175K | $311K | — | as long as short |
| OKX FLOCK-USDT-SWAP | +0.0201% | 4h | 0.07534 | +0.040% | $725K | $14.7M | 20x | as long as short |
| Gate FLOCK_USDT | +0.0249% | 8h | 0.07522 | −0.120% | $787K | $1.8M | 50x | as long as short |
| BingX FLOCK-USDT | +0.0440% | 4h | 0.07524 | −0.093% | — | $6.7M | — | as long as short |
| MEXC FLOCK_USDT | +0.0540% | 4h | 0.07522 | −0.120% | $396K | $298K | 100x | as long as short |
| Binance FLOCKUSDTlong | +0.0545% | 4h | 0.07531 | long leg | $5.9M | $39.9M | 50x | |
| BloFin FLOCK-USDT | +0.0547% | 4h | 0.07517 | −0.186% | $267K | $94K | 50x | as long as short |
KuCoin FLOCKUSDTM
Bitget FLOCKUSDT
Variational Omni FLOCK
OKX FLOCK-USDT-SWAP
Gate FLOCK_USDT
BingX FLOCK-USDT
MEXC FLOCK_USDT
BloFin FLOCK-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FLOCKUSDT | +0.1651% | 4h | 0.07536 | +0.066% | $1.6M | $3.7M | 5x | as long as short |
Aster FLOCKUSDT