Funding you earn now, next payment 12:00 UTC−0.0460%/8h= −50.4% APRnext payment −$2.30 per $10,000 · paid last 24h −0.024%
Price spread now: Bybit against BloFin+0.458%72s7-day average −0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as 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−$870.870% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.960%−$96 · spread now +0.458%, 7d avg −0.147%
=The price spread pays, funding is against you. Bybit is 0.605% dearer against BloFin than usual: you sell high and buy low (spread +0.458% now, against its 7-day average of −0.147%): +$61 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.020% in total) that is about 7 months. The two prices were read 72 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 -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.30 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 | BloFin FLOCK-USDT | 0.07859 | 0.0560 | pay 0.0280% / 4h | 3h 00m | $290K | $100K | 50x |
| Short | Bybit FLOCKUSDT | 0.07895 | 0.0100 | get 0.0050% / 4h | 3h 00m | $3.8M | $9.8M | 20x |
BloFin FLOCK-USDT
Bybit FLOCKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$96.67
- Price spread: +0.458% → −0.147%
- $60.53
- Slippage, 4 orders
- −$63.98
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$123.13
- Costs to cover
- 0.870%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bybit: 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, 2 min ago | 7.01 bp | 22.5 bp −$23 | 52.5 bp −$525 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.55 bp | 23.2 bp −$23 | 209.9 bp −$2,099 | 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 FLOCKUSDTshort | +0.0100% | 4h | 0.07895 | +0.458% | $3.8M | $9.8M | 20x | |
| OKX FLOCK-USDT-SWAP | +0.0100% | 4h | 0.07896 | +0.471% | $839K | $11.0M | 20x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07849 | −0.127% | $1.4M | $495K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07900 | +0.522% | $1.2M | $1.5M | 20x | as long as short |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07852 | −0.095% | $182K | $97K | — | as long as short |
| Binance FLOCKUSDT | +0.0524% | 4h | 0.07900 | +0.524% | $6.3M | $25.4M | 50x | as long as short |
| BingX FLOCK-USDT | +0.0528% | 4h | 0.07900 | +0.522% | — | $6.7M | — | as long as short |
| MEXC FLOCK_USDT | +0.0530% | 4h | 0.07876 | +0.216% | $367K | $309K | 100x | as long as short |
| BloFin FLOCK-USDTlong | +0.0560% | 4h | 0.07859 | long leg | $290K | $100K | 50x | |
| Gate FLOCK_USDT | +0.0858% | 8h | 0.07881 | +0.280% | $926K | $1.2M | 50x | as long as short |
OKX FLOCK-USDT-SWAP
KuCoin FLOCKUSDTM
Bitget FLOCKUSDT
Variational Omni FLOCK
Binance FLOCKUSDT
BingX FLOCK-USDT
MEXC FLOCK_USDT
Gate FLOCK_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FLOCKUSDT | +0.1667% | 4h | 0.07899 | +0.507% | $1.9M | $1.5M | 5x | as long as short |
Aster FLOCKUSDT