Funding you earn now, next payment 12:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.93 per $10,000 · paid last 24h −0.024%
Price spread now: Bitget against BloFin+0.796%75s7-day average −0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as 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−$1201.197% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−1.060%−$106 · spread now +0.796%, 7d avg −0.112%
=The price spread pays, funding is against you. Bitget is 0.908% dearer against BloFin than usual: you sell high and buy low (spread +0.796% now, against its 7-day average of −0.112%): +$91 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.010% in total) that is about 21 months. The two prices were read 75 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 −$0.93 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin FLOCK-USDT | 0.08044 | 0.0286 | pay 0.0143% / 4h | 2h 20m | $307K | $105K | 50x |
| Short | Bitget FLOCKUSDT | 0.08108 | 0.0100 | get 0.0050% / 4h | 2h 20m | $1.3M | $1.5M | 20x |
BloFin FLOCK-USDT
Bitget FLOCKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- −$39.1
- Price spread: +0.796% → −0.112%
- $90.8
- Slippage, 4 orders
- −$95.68
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$67.98
- Costs to cover
- 1.197%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 27 min ago; Bitget: live order book, 5 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 BloFin live order book, 27 min ago | 5.68 bp | 26.5 bp −$27 | 61.3 bp −$613 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 8.11 bp | 34.9 bp −$35 | 152.5 bp −$1,525 | doesn't fit | doesn't fit |
FLOCK on 11 exchanges
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 | 0.08101 | +0.709% | $4.1M | $10.0M | 20x | as long as short |
| OKX FLOCK-USDT-SWAP | +0.0100% | 4h | 0.08107 | +0.783% | $1.0M | $11.1M | 20x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.08095 | +0.634% | $1.4M | $460K | 20x | as long as short |
| Bitget FLOCKUSDTshort | +0.0100% | 4h | 0.08108 | +0.796% | $1.3M | $1.5M | 20x | |
| Variational Omni FLOCK | +0.0100% | 4h | 0.08041 | −0.033% | $267K | $125K | — | as long as short |
| BloFin FLOCK-USDTlong | +0.0286% | 4h | 0.08044 | long leg | $307K | $105K | 50x | |
| Binance FLOCKUSDT | +0.0333% | 4h | 0.08114 | +0.865% | $6.5M | $24.6M | 50x | as long as short |
| MEXC FLOCK_USDT | +0.0340% | 4h | 0.08099 | +0.684% | $355K | $279K | 100x | as long as short |
| BingX FLOCK-USDT | +0.0356% | 4h | 0.08098 | +0.671% | — | $6.7M | — | as long as short |
| Gate FLOCK_USDT | +0.0404% | 8h | 0.08092 | +0.597% | $912K | $1.1M | 50x | as long as short |
Bybit FLOCKUSDT
OKX FLOCK-USDT-SWAP
KuCoin FLOCKUSDTM
Variational Omni FLOCK
Binance FLOCKUSDT
MEXC FLOCK_USDT
BingX FLOCK-USDT
Gate FLOCK_USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FLOCKUSDT | +0.1700% | 4h | 0.08102 | +0.726% | $1.9M | $1.3M | 5x | as long as short |
Aster FLOCKUSDT