Funding you earn now, next payment 08:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.27 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.138%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$760.755% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.117%+$12 · spread now −0.138%, 7d avg −0.071%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.066% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.071%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FLOCKUSDT | 0.07272 | 0.0153 | pay 0.0077% / 4h | 2h 17m | $5.6M | $39.2M | 50x |
| Short | Bybit FLOCKUSDT | 0.07262 | 0.0100 | get 0.0050% / 4h | 2h 17m | $3.3M | $13.2M | 20x |
Binance FLOCKUSDT
Bybit FLOCKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$11.15
- Price spread: −0.138% → −0.071%
- −$6.63
- Slippage, 4 orders
- −$54.53
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$93.31
- Costs to cover
- 0.755%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 1 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, 10 min ago | 1.37 bp | 17.2 bp −$17 | 44.8 bp −$448 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.44 bp | 19.0 bp −$19 | 100.5 bp −$1,005 | 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 | 0.07262 | −0.138% | $3.3M | $13.2M | 20x | |
| Gate FLOCK_USDT | +0.0100% | 8h | 0.07259 | −0.179% | $749K | $1.7M | 50x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07268 | −0.055% | $1.2M | $806K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07271 | −0.014% | $1.2M | $2.2M | 20x | as long as short |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07269 | −0.045% | $169K | $310K | — | as long as short |
| BloFin FLOCK-USDT | +0.0146% | 4h | 0.07277 | +0.069% | $264K | $90K | 50x | as long as short |
| MEXC FLOCK_USDT | +0.0152% | 4h | 0.07271 | −0.014% | $313K | $281K | 100x | as long as short |
| Binance FLOCKUSDTlong | +0.0153% | 4h | 0.07272 | long leg | $5.6M | $39.2M | 50x | |
| BingX FLOCK-USDT | +0.0164% | 4h | 0.07265 | −0.096% | — | $6.7M | — | as long as short |
| OKX FLOCK-USDT-SWAP | +0.0174% | 4h | 0.07260 | −0.165% | $669K | $14.0M | 20x | as long as short |
Gate FLOCK_USDT
KuCoin FLOCKUSDTM
Bitget FLOCKUSDT
Variational Omni FLOCK
BloFin FLOCK-USDT
MEXC FLOCK_USDT
BingX FLOCK-USDT
OKX FLOCK-USDT-SWAPShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FLOCKUSDT | +0.1227% | 4h | 0.07283 | +0.156% | $1.6M | $3.7M | 5x | as long as short |
Aster FLOCKUSDT