Funding you earn now, next payment 04:00 UTC−0.0323%/8h= −35.4% APRpaid last 24h 0.000%
Price spread now: OKX against Gate−0.082%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1101.098% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 7 days+0.068%+$7 · spread now −0.082%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and OKX is 0.126% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.044%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% a year). A funding rate is set anew for every payment. 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 | Gate FLOCK_USDT | 0.07314 | 0.0423 | pay 0.0423% / 8h | 6h 31m | $763K | $1.9M | 50x |
| Short | OKX FLOCK-USDT-SWAP | 0.07308 | 0.0100 | get 0.0050% / 4h | 2h 31m | $729K | $14.6M | 20x |
Gate FLOCK_USDT
OKX FLOCK-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$67.83
- Price spread: −0.082% → +0.044%
- −$12.57
- Slippage, 4 orders
- −$84.82
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$190.21
- Costs to cover
- 1.098%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago | 8.20 bp | 40.9 bp −$41 | 1137.4 bp −$11.4K | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.05 bp | 19.9 bp −$20 | 63.1 bp −$631 | doesn't fit | doesn't fit |
FLOCK 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance FLOCKUSDT | +0.0100% | 4h | 0.07313 | −0.014% | $5.6M | $39.4M | 50x | as long as short |
| Bybit FLOCKUSDT | +0.0100% | 4h | 0.07309 | −0.068% | $3.4M | $13.3M | 20x | as long as short |
| OKX FLOCK-USDT-SWAPshort | +0.0100% | 4h | 0.07308 | −0.082% | $729K | $14.6M | 20x | |
| MEXC FLOCK_USDT | +0.0100% | 4h | 0.07314 | 0.000% | $331K | $278K | 100x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07315 | +0.014% | $1.2M | $810K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07310 | −0.055% | $1.2M | $2.2M | 20x | as long as short |
| BingX FLOCK-USDT | +0.0100% | 4h | 0.07309 | −0.068% | — | $6.7M | — | as long as short |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07304 | −0.139% | $170K | $354K | — | as long as short |
| Gate FLOCK_USDTlong | +0.0423% | 8h | 0.07314 | long leg | $763K | $1.9M | 50x | |
| Aster FLOCKUSDT | +0.1359% | 4h | 0.07318 | +0.055% | $1.6M | $3.7M | 5x | as long as short |
Binance FLOCKUSDT
Bybit FLOCKUSDT
MEXC FLOCK_USDT
KuCoin FLOCKUSDTM
Bitget FLOCKUSDT
BingX FLOCK-USDT
Variational Omni FLOCK
Aster FLOCKUSDT