Funding arb · Price arb /

FLOCK

all FLOCK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0432%/8h= +47.3% APRpaid last 24h 0.000%

Price spread now: Gate against KuCoin+0.027%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$207as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$2022.024% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 7 days+0.021%+$2 · spread now +0.027%, 7d avg −0.066%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Gate is 0.093% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.066%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.4% 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	KuCoin FLOCKUSDTM	0.07311	0.0100	pay 0.0050% / 4h	2h 06m	$1.2M	$809K	20x
Short	Gate FLOCK_USDT	0.07313	0.0532	get 0.0532% / 8h	6h 06m	$765K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now +0.027%Rate

Funding earned: $90.72
Price spread: +0.027% → −0.066%: $9.33
Slippage, 4 orders: −$175.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$102.4
Costs to cover: 2.024%
Break-even: 14.9 days

Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 1 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, 4 min ago	10.27 bp	97.8 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	7.52 bp	25.2 bp −$25	61.6 bp −$616	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	0.07314	+0.035%	$5.7M	$39.4M	50x	as long as short
Bybit FLOCKUSDT	+0.0100%	4h	0.07309	−0.027%	$3.4M	$13.3M	20x	as long as short
OKX FLOCK-USDT-SWAP	+0.0100%	4h	0.07309	−0.027%	$724K	$14.6M	20x	as long as short
MEXC FLOCK_USDT	+0.0100%	4h	0.07318	+0.096%	$333K	$279K	100x	as long as short
KuCoin FLOCKUSDTMlong	+0.0100%	4h	0.07311	long leg	$1.2M	$809K	20x
Bitget FLOCKUSDT	+0.0100%	4h	0.07309	−0.027%	$1.2M	$2.2M	20x	as long as short
BingX FLOCK-USDT	+0.0100%	4h	0.07311	0.000%	—	$6.7M	—	as long as short
Variational Omni FLOCK	+0.0100%	4h	0.07320	+0.126%	$170K	$354K	—	as long as short
Gate FLOCK_USDTshort	+0.0532%	8h	0.07313	+0.027%	$765K	$1.9M	50x
Aster FLOCKUSDT	+0.1426%	4h	0.07334	+0.315%	$1.6M	$3.7M	5x	as long as short