Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against OKX+0.353%103s7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as 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−$730.727% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 3 days (all we have)−0.262%−$26 · spread now +0.353%, 7d avg +0.063%
=The price spread pays, funding is against you. BloFin is 0.290% dearer against OKX than usual: you sell high and buy low (spread +0.353% now, against its 7-day average of +0.063%): +$29 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 27 days. The two prices were read 103 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 | OKX FLOCK-USDT-SWAP | 0.07359 | 0.0100 | pay 0.0050% / 4h | 53m 30s | $752K | $15.3M | 20x |
| Short | BloFin FLOCK-USDT | 0.07385 | 0.0065 | get 0.0032% / 4h | 53m 30s | $263K | $83K | 50x |
OKX FLOCK-USDT-SWAP
BloFin FLOCK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- −$7.45
- Price spread: +0.353% → +0.063%
- $29.01
- Slippage, 4 orders
- −$50.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$51.09
- Costs to cover
- 0.727%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 18 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 OKX live order book, 5 min ago | 2.03 bp | 18.7 bp −$19 | 111.8 bp −$1,118 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 1.36 bp | 16.2 bp −$16 | 34.6 bp −$346 | 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 | +0.0065% | 4h | 0.07385 | +0.353% | $263K | $83K | 50x | |
| Binance FLOCKUSDT | +0.0100% | 4h | 0.07365 | +0.086% | $5.5M | $40.4M | 50x | as long as short |
| Bybit FLOCKUSDT | +0.0100% | 4h | 0.07359 | 0.000% | $3.3M | $13.8M | 20x | as long as short |
| OKX FLOCK-USDT-SWAPlong | +0.0100% | 4h | 0.07359 | long leg | $752K | $15.3M | 20x | |
| Gate FLOCK_USDT | +0.0100% | 8h | 0.07359 | 0.000% | $773K | $1.9M | 50x | as long as short |
| MEXC FLOCK_USDT | +0.0100% | 4h | 0.07362 | +0.041% | $335K | $280K | 100x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07363 | +0.054% | $1.2M | $816K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07363 | +0.054% | $1.1M | $2.3M | 20x | as long as short |
| BingX FLOCK-USDT | +0.0100% | 4h | 0.07362 | +0.041% | — | $6.7M | — | as long as short |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07374 | +0.204% | $172K | $354K | — | as long as short |
Binance FLOCKUSDT
Bybit FLOCKUSDT
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 | +0.0705% | 4h | 0.07381 | +0.295% | $1.6M | $3.8M | 5x | as long as short |
Aster FLOCKUSDT