Funding you earn now, next payment 12:00 UTC+0.0421%/8h= +46.1% APRnext payment +$2.10 per $10,000 · paid last 24h +0.024%
Price spread now: BloFin against KuCoin+0.013%80s7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$200as 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−$1961.963% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)+0.344%+$34 · spread now +0.013%, 7d avg +0.063%
=Funding pays, the price is against you. BloFin is 0.050% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.063%). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$13 a day). The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.035% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.10 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 | KuCoin FLOCKUSDTM | 0.07512 | 0.0100 | pay 0.0050% / 4h | 3h 49m | $1.3M | $826K | 20x |
| Short | BloFin FLOCK-USDT | 0.07513 | 0.0521 | get 0.0260% / 4h | 3h 49m | $284K | $99K | 50x |
KuCoin FLOCKUSDTM
BloFin FLOCK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- $88.32
- Price spread: +0.013% → +0.063%
- −$5
- Slippage, 4 orders
- −$172.27
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$112.95
- Costs to cover
- 1.963%
- Break-even
- 16.0 days
Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 17 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 KuCoin live order book, 5 min ago | 10.64 bp | 112.6 bp −$113 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 1.32 bp | 19.1 bp −$19 | 39.7 bp −$397 | 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 FLOCKUSDT | +0.0100% | 4h | 0.07508 | −0.053% | $3.5M | $13.2M | 20x | as long as short |
| OKX FLOCK-USDT-SWAP | +0.0100% | 4h | 0.07502 | −0.133% | $753K | $14.1M | 20x | as long as short |
| Gate FLOCK_USDT | +0.0100% | 8h | 0.07507 | −0.067% | $819K | $1.1M | 50x | as long as short |
| KuCoin FLOCKUSDTMlong | +0.0100% | 4h | 0.07512 | long leg | $1.3M | $826K | 20x | |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07501 | −0.146% | $1.2M | $2.2M | 20x | as long as short |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07513 | +0.010% | $174K | $310K | — | as long as short |
| BloFin FLOCK-USDTshort | +0.0521% | 4h | 0.07513 | +0.013% | $284K | $99K | 50x | |
| BingX FLOCK-USDT | +0.0560% | 4h | 0.07507 | −0.067% | — | $6.8M | — | as long as short |
| MEXC FLOCK_USDT | +0.0566% | 4h | 0.07514 | +0.027% | $378K | $295K | 100x | as long as short |
| Binance FLOCKUSDT | +0.0568% | 4h | 0.07512 | 0.000% | $6.0M | $39.3M | 50x | as long as short |
Bybit FLOCKUSDT
OKX FLOCK-USDT-SWAP
Gate FLOCK_USDT
Bitget FLOCKUSDT
Variational Omni FLOCK
BingX FLOCK-USDT
MEXC FLOCK_USDT
Binance FLOCKUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FLOCKUSDT | +0.1531% | 4h | 0.07518 | +0.080% | $1.6M | $3.7M | 5x | as long as short |
Aster FLOCKUSDT