Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Bybit−0.027%7-day average +0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$820.817% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.320%+$32 · spread now −0.027%, 7d avg +0.152%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.178% cheaper against Bybit than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.152%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FLOCKUSDT | 0.07480 | 0.0100 | pay 0.0050% / 4h | 2h 34m | $3.4M | $14.9M | 20x |
| Short | BloFin FLOCK-USDT | 0.07478 | 0.0054 | get 0.0027% / 4h | 2h 34m | $277K | $96K | 50x |
Bybit FLOCKUSDT
BloFin FLOCK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- −$9.74
- Price spread: −0.027% → +0.152%
- −$17.83
- Slippage, 4 orders
- −$58.69
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$109.27
- Costs to cover
- 0.817%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 49 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 Bybit live order book, 4 min ago | 2.01 bp | 22.2 bp −$22 | 146.2 bp −$1,462 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 49 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 | +0.0054% | 4h | 0.07478 | −0.027% | $277K | $96K | 50x | |
| Binance FLOCKUSDT | +0.0100% | 4h | 0.07483 | +0.042% | $5.5M | $49.3M | 50x | as long as short |
| Bybit FLOCKUSDTlong | +0.0100% | 4h | 0.07480 | long leg | $3.4M | $14.9M | 20x | |
| OKX FLOCK-USDT-SWAP | +0.0100% | 4h | 0.07491 | +0.147% | $855K | $17.2M | 20x | as long as short |
| Gate FLOCK_USDT | +0.0100% | 8h | 0.07467 | −0.174% | $784K | $2.0M | 50x | as long as short |
| MEXC FLOCK_USDT | +0.0100% | 4h | 0.07479 | −0.013% | $358K | $377K | 100x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07469 | −0.147% | $1.2M | $932K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07475 | −0.067% | $1.2M | $2.6M | 20x | as long as short |
| BingX FLOCK-USDT | +0.0100% | 4h | 0.07478 | −0.027% | — | $6.9M | — | as long as short |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07465 | −0.204% | $175K | $354K | — | as long as short |
Binance 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 | +0.0519% | 4h | 0.07492 | +0.166% | $1.6M | $5.0M | 5x | as long as short |
Aster FLOCKUSDT