Funding you earn now, next payment 12:00 UTC+0.0421%/8h= +46.1% APRnext payment +$2.10 per $10,000 · paid last 24h +0.024%
Price spread now: BloFin against Bitget+0.133%65s7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as 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−$740.735% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.354%+$35 · spread now +0.133%, 7d avg +0.112%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.021% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.112%. The two prices were read 65 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 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.10 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 | Bitget FLOCKUSDT | 0.07503 | 0.0100 | pay 0.0050% / 4h | 3h 50m | $1.2M | $2.2M | 20x |
| Short | BloFin FLOCK-USDT | 0.07513 | 0.0521 | get 0.0260% / 4h | 3h 50m | $284K | $99K | 50x |
Bitget FLOCKUSDT
BloFin FLOCK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $88.32
- Price spread: +0.133% → +0.112%
- $2.12
- Slippage, 4 orders
- −$49.51
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $16.93
- Costs to cover
- 0.735%
- Break-even
- 5.7 days
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 17 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 Bitget live order book, 2 min ago | 5.33 bp | 19.6 bp −$20 | 89.4 bp −$894 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 1.32 bp | 19.1 bp −$19 | 39.7 bp −$397 | 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 FLOCKUSDT | +0.0100% | 4h | 0.07511 | +0.107% | $3.5M | $13.2M | 20x | as long as short |
| OKX FLOCK-USDT-SWAP | +0.0100% | 4h | 0.07505 | +0.027% | $754K | $14.1M | 20x | as long as short |
| Gate FLOCK_USDT | +0.0100% | 8h | 0.07511 | +0.107% | $820K | $1.1M | 50x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07511 | +0.107% | $1.3M | $839K | 20x | as long as short |
| Bitget FLOCKUSDTlong | +0.0100% | 4h | 0.07503 | long leg | $1.2M | $2.2M | 20x | |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07513 | +0.130% | $174K | $310K | — | as long as short |
| BloFin FLOCK-USDTshort | +0.0521% | 4h | 0.07513 | +0.133% | $284K | $99K | 50x | |
| BingX FLOCK-USDT | +0.0560% | 4h | 0.07510 | +0.093% | — | $6.8M | — | as long as short |
| MEXC FLOCK_USDT | +0.0566% | 4h | 0.07513 | +0.133% | $378K | $295K | 100x | as long as short |
| Binance FLOCKUSDT | +0.0568% | 4h | 0.07514 | +0.147% | $6.0M | $39.3M | 50x | as long as short |
Bybit FLOCKUSDT
OKX FLOCK-USDT-SWAP
Gate FLOCK_USDT
KuCoin FLOCKUSDTM
Variational Omni FLOCK
BingX 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 | +0.1531% | 4h | 0.07518 | +0.200% | $1.6M | $3.7M | 5x | as long as short |
Aster FLOCKUSDT