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: BingX against BloFin−0.278%81s7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as 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−$780.780% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.278%, 7d avg −0.086%
=Funding pays, the price is against you. BingX is 0.192% cheaper against BloFin than usual: you would sell low and buy high (spread −0.278% now, against its 7-day average of −0.086%). If the spread goes back, that is −$19 on $10k: about 20 days of funding at the current rate (+$1 a day). 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 | BloFin FLOCK-USDT | 0.07560 | 0.0068 | pay 0.0034% / 4h | 2h 45m | $280K | $100K | 50x |
| Short | BingX FLOCK-USDT | 0.07539 | 0.0100 | get 0.0050% / 4h | 2h 45m | — | $6.9M | — |
BloFin FLOCK-USDT
BingX FLOCK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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: −0.278% → −0.086%
- −$19.2
- Slippage, 4 orders
- −$56.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$90.59
- Costs to cover
- 0.780%
- Break-even
- 102.6 days
Slippage from BloFin: live order book, 38 min ago; BingX: live order book, 7 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 BloFin live order book, 38 min ago | 5.94 bp | 18.4 bp −$18 | 39.1 bp −$391 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 6.62 bp | 21.3 bp −$21 | 56.3 bp −$563 | 407.9 bp −$40.8K | 1268.8 bp −$634.4K |
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-USDTlong | +0.0068% | 4h | 0.07560 | long leg | $280K | $100K | 50x | |
| Binance FLOCKUSDT | +0.0100% | 4h | 0.07544 | −0.205% | $5.6M | $50.1M | 50x | as long as short |
| Bybit FLOCKUSDT | +0.0100% | 4h | 0.07533 | −0.357% | $3.4M | $15.1M | 20x | as long as short |
| OKX FLOCK-USDT-SWAP | +0.0100% | 4h | 0.07534 | −0.344% | $865K | $17.5M | 20x | as long as short |
| Gate FLOCK_USDT | +0.0100% | 8h | 0.07540 | −0.265% | $793K | $2.0M | 50x | as long as short |
| MEXC FLOCK_USDT | +0.0100% | 4h | 0.07541 | −0.251% | $376K | $368K | 100x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07542 | −0.238% | $1.2M | $976K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07540 | −0.265% | $1.2M | $2.6M | 20x | as long as short |
| BingX FLOCK-USDTshort | +0.0100% | 4h | 0.07539 | −0.278% | — | $6.9M | — | |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07578 | +0.232% | $177K | $366K | — | as long as short |
Binance FLOCKUSDT
Bybit FLOCKUSDT
OKX FLOCK-USDT-SWAP
Gate FLOCK_USDT
MEXC FLOCK_USDT
KuCoin FLOCKUSDTM
Bitget FLOCKUSDT
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 | −0.094% | $1.6M | $5.0M | 5x | as long as short |
Aster FLOCKUSDT