Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h +0.004%
Price spread now: BingX against BloFin−0.177%81s7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as 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−$690.692% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.177%, 7d avg −0.084%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.093% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.084%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.118%, so the current rate has only just turned against you. The two prices were read 81 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 | BloFin FLOCK-USDT | 0.07346 | 0.0134 | pay 0.0067% / 4h | 1h 13m | $264K | $82K | 50x |
| Short | BingX FLOCK-USDT | 0.07333 | 0.0100 | get 0.0050% / 4h | 1h 13m | — | $6.8M | — |
BloFin FLOCK-USDT
BingX FLOCK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$7.04
- Price spread: −0.177% → −0.084%
- −$9.25
- Slippage, 4 orders
- −$47.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$85.52
- Costs to cover
- 0.692%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 63 min ago; BingX: 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 BloFin live order book, 63 min ago | 3.35 bp | 15.7 bp −$16 | 43.4 bp −$434 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 6.13 bp | 21.5 bp −$21 | 42.4 bp −$424 | 500.4 bp −$50.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance FLOCKUSDT | +0.0100% | 4h | 0.07335 | −0.150% | $5.4M | $41.2M | 50x | as long as short |
| Bybit FLOCKUSDT | +0.0100% | 4h | 0.07326 | −0.272% | $3.3M | $13.9M | 20x | as long as short |
| OKX FLOCK-USDT-SWAP | +0.0100% | 4h | 0.07323 | −0.313% | $751K | $15.5M | 20x | as long as short |
| Gate FLOCK_USDT | +0.0100% | 8h | 0.07331 | −0.204% | $765K | $2.0M | 50x | as long as short |
| MEXC FLOCK_USDT | +0.0100% | 4h | 0.07337 | −0.123% | $333K | $299K | 100x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07326 | −0.272% | $1.2M | $833K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07329 | −0.231% | $1.1M | $2.3M | 20x | as long as short |
| BingX FLOCK-USDTshort | +0.0100% | 4h | 0.07333 | −0.177% | — | $6.8M | — | |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07333 | −0.176% | $171K | $354K | — | as long as short |
| BloFin FLOCK-USDTlong | +0.0134% | 4h | 0.07346 | long leg | $264K | $82K | 50x |
Binance FLOCKUSDT
Bybit FLOCKUSDT
OKX FLOCK-USDT-SWAP
Gate FLOCK_USDT
MEXC FLOCK_USDT
KuCoin FLOCKUSDTM
Bitget FLOCKUSDT
Variational Omni FLOCKShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FLOCKUSDT | +0.0638% | 4h | 0.07350 | +0.061% | $1.6M | $3.9M | 5x | as long as short |
Aster FLOCKUSDT