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Funding arb · Price arb /

FLOCK

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0302%/8h= −33.1% APRpaid last 24h 0.000%
Price spread now: BingX against Gate+0.109%7-day average +0.023% · 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−$90as in the Price arb table
costs, in and out, $10k−$990.987% of the position
Long on GateShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.099%+$10 on $10k
Price spread, last 7 days−0.168%−$17 · spread now +0.109%, 7d avg +0.023%
Together, before fees−0.069%−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.086% dearer against Gate than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.023%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 7 days funding on this pair paid +0.099%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate FLOCK_USDT0.073160.0402pay 0.0402% / 8h6h 22m$765K$1.9M50x
ShortBingX FLOCK-USDT0.073240.0100get 0.0050% / 4h2h 22m—$6.7M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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

Funding earned
−$63.42
Price spread: +0.109% → +0.023%
$8.6
Slippage, 4 orders
−$73.72
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$153.54
Costs to cover
0.987%
Break-even
never at this rate
Slippage from Gate: live order book, 5 min ago; BingX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 5 min ago8.22 bp26.5 bp −$271037.9 bp −$10.4Kdoesn't fitdoesn't fit
Sell BingX live order book, 10 min ago6.83 bp19.5 bp −$1949.9 bp −$499596.5 bp −$59.7Kdoesn't fit

FLOCK on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance FLOCKUSDT+0.0100%4h0.07329+0.178%$5.6M$39.4M50xas long as short
Bybit FLOCKUSDT+0.0100%4h0.07323+0.096%$3.4M$13.3M20xas long as short
OKX FLOCK-USDT-SWAP+0.0100%4h0.07320+0.055%$733K$14.6M20xas long as short
MEXC FLOCK_USDT+0.0100%4h0.07329+0.178%$332K$278K100xas long as short
KuCoin FLOCKUSDTM+0.0100%4h0.07308−0.109%$1.2M$810K20xas long as short
Bitget FLOCKUSDT+0.0100%4h0.07323+0.096%$1.2M$2.2M20xas long as short
BingX FLOCK-USDTshort+0.0100%4h0.07324+0.109%—$6.7M—
Variational Omni FLOCK+0.0100%4h0.07311−0.071%$170K$354K—as long as short
Gate FLOCK_USDTlong+0.0402%8h0.07316long leg$765K$1.9M50x
Aster FLOCKUSDT+0.1402%4h0.07334+0.250%$1.6M$3.7M5xas long as short