Funding you earn now, next payment 00:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Binance−0.109%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$730.730% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.226%+$23 · spread now −0.109%, 7d avg +0.048%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.157% cheaper against Binance than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FLOCKUSDT | 0.07363 | 0.0100 | pay 0.0050% / 4h | 26m 43s | $5.5M | $40.0M | 50x |
| Short | BloFin FLOCK-USDT | 0.07355 | 0.0063 | get 0.0031% / 4h | 26m 43s | $264K | $82K | 50x |
Binance FLOCKUSDT
BloFin FLOCK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$7.8
- Price spread: −0.109% → +0.048%
- −$15.66
- Slippage, 4 orders
- −$50.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$96.42
- Costs to cover
- 0.730%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; BloFin: live order book, 45 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 Binance live order book, 15 min ago | 1.36 bp | 18.8 bp −$19 | 48.4 bp −$484 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 45 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 | +0.0063% | 4h | 0.07355 | −0.109% | $264K | $82K | 50x | |
| Binance FLOCKUSDTlong | +0.0100% | 4h | 0.07363 | long leg | $5.5M | $40.0M | 50x | |
| Bybit FLOCKUSDT | +0.0100% | 4h | 0.07360 | −0.041% | $3.4M | $13.7M | 20x | as long as short |
| OKX FLOCK-USDT-SWAP | +0.0100% | 4h | 0.07357 | −0.081% | $746K | $15.1M | 20x | as long as short |
| Gate FLOCK_USDT | +0.0100% | 8h | 0.07347 | −0.217% | $770K | $1.9M | 50x | as long as short |
| MEXC FLOCK_USDT | +0.0100% | 4h | 0.07359 | −0.054% | $335K | $281K | 100x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07350 | −0.177% | $1.2M | $811K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07361 | −0.027% | $1.2M | $2.3M | 20x | as long as short |
| BingX FLOCK-USDT | +0.0100% | 4h | 0.07355 | −0.109% | — | $6.7M | — | as long as short |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07336 | −0.365% | $171K | $354K | — | as long as short |
Bybit FLOCKUSDT
OKX FLOCK-USDT-SWAP
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 | +0.0743% | 4h | 0.07373 | +0.136% | $1.6M | $3.7M | 5x | as long as short |
Aster FLOCKUSDT