Funding arb · Price arb /

FLOCK

all FLOCK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0434%/8h= +47.5% APRpaid last 24h 0.000%

Price spread now: Gate against OKX−0.041%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1001.003% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 7 days+0.055%+$6 · spread now −0.041%, 7d avg −0.044%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.

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	OKX FLOCK-USDT-SWAP	0.07316	0.0100	pay 0.0050% / 4h	2h 09m	$725K	$14.6M	20x
Short	Gate FLOCK_USDT	0.07313	0.0534	get 0.0534% / 8h	6h 09m	$765K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.041%Rate

Funding earned: $91.14
Price spread: −0.041% → −0.044%: $0.26
Slippage, 4 orders: −$75.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$8.87
Costs to cover: 1.003%
Break-even: 7.7 days

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 3 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, 4 min ago	2.05 bp	15.3 bp −$15	110.0 bp −$1,100	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	7.52 bp	29.0 bp −$29	76.6 bp −$766	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	−0.022%	$5.7M	$39.4M	50x	as long as short
Bybit FLOCKUSDT	+0.0100%	4h	0.07308	−0.109%	$3.4M	$13.3M	20x	as long as short
OKX FLOCK-USDT-SWAPlong	+0.0100%	4h	0.07316	long leg	$725K	$14.6M	20x
MEXC FLOCK_USDT	+0.0100%	4h	0.07313	−0.041%	$331K	$279K	100x	as long as short
KuCoin FLOCKUSDTM	+0.0100%	4h	0.07313	−0.041%	$1.2M	$809K	20x	as long as short
Bitget FLOCKUSDT	+0.0100%	4h	0.07310	−0.082%	$1.2M	$2.2M	20x	as long as short
BingX FLOCK-USDT	+0.0100%	4h	0.07311	−0.068%	—	$6.7M	—	as long as short
Variational Omni FLOCK	+0.0100%	4h	0.07320	+0.058%	$170K	$354K	—	as long as short
Gate FLOCK_USDTshort	+0.0534%	8h	0.07313	−0.041%	$765K	$1.9M	50x
Aster FLOCKUSDT	+0.1437%	4h	0.07316	0.000%	$1.6M	$3.7M	5x	as long as short