Funding you earn now, next payment 08:00 UTC−0.0366%/8h= −40.1% APRnext payment −$1.83 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX+0.053%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$850.846% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now +0.053%, 7d avg −0.043%
=The price spread pays, funding is against you. Bybit is 0.096% dearer against BingX than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.043%): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.109% in total) that is about 6.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.83 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 | BingX FLOCK-USDT | 0.07538 | 0.0466 | pay 0.0233% / 4h | 40m 59s | — | $6.8M | — |
| Short | Bybit FLOCKUSDT | 0.07542 | 0.0100 | get 0.0050% / 4h | 40m 59s | $3.6M | $13.7M | 20x |
BingX FLOCK-USDT
Bybit FLOCKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$76.86
- Price spread: +0.053% → −0.043%
- $9.62
- Slippage, 4 orders
- −$63.64
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$151.88
- Costs to cover
- 0.846%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 2 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 BingX live order book, 11 min ago | 6.69 bp | 19.9 bp −$20 | 46.0 bp −$460 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.32 bp | 19.5 bp −$19 | 94.8 bp −$948 | 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 | 0.07542 | +0.053% | $3.6M | $13.7M | 20x | |
| OKX FLOCK-USDT-SWAP | +0.0100% | 4h | 0.07550 | +0.159% | $747K | $14.9M | 20x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07522 | −0.212% | $1.3M | $835K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07536 | −0.027% | $1.2M | $2.3M | 20x | as long as short |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07541 | +0.040% | $174K | $311K | — | as long as short |
| Gate FLOCK_USDT | +0.0246% | 8h | 0.07537 | −0.013% | $789K | $1.8M | 50x | as long as short |
| BloFin FLOCK-USDT | +0.0453% | 4h | 0.07540 | +0.027% | $278K | $97K | 50x | as long as short |
| BingX FLOCK-USDTlong | +0.0466% | 4h | 0.07538 | long leg | — | $6.8M | — | |
| MEXC FLOCK_USDT | +0.0488% | 4h | 0.07538 | 0.000% | $392K | $296K | 100x | as long as short |
| Binance FLOCKUSDT | +0.0488% | 4h | 0.07546 | +0.100% | $6.0M | $40.6M | 50x | as long as short |
OKX FLOCK-USDT-SWAP
KuCoin FLOCKUSDTM
Bitget FLOCKUSDT
Variational Omni FLOCK
Gate FLOCK_USDT
BloFin FLOCK-USDT
MEXC FLOCK_USDT
Binance FLOCKUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FLOCKUSDT | +0.1536% | 4h | 0.07529 | −0.115% | $1.6M | $3.7M | 5x | as long as short |
Aster FLOCKUSDT