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 Bybit+0.068%82s7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as 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−$730.731% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.139%+$14 · spread now +0.068%, 7d avg +0.150%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.082% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.150%). Swap the legs. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FLOCKUSDT | 0.07350 | 0.0100 | pay 0.0050% / 4h | 26m 00s | $3.4M | $13.7M | 20x |
| Short | BloFin FLOCK-USDT | 0.07355 | 0.0063 | get 0.0031% / 4h | 26m 00s | $264K | $82K | 50x |
Bybit FLOCKUSDT
BloFin FLOCK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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: +0.068% → +0.150%
- −$8.21
- Slippage, 4 orders
- −$50.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$89.15
- Costs to cover
- 0.731%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 2.05 bp | 19.0 bp −$19 | 124.0 bp −$1,240 | 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 | +0.068% | $264K | $82K | 50x | |
| Binance FLOCKUSDT | +0.0100% | 4h | 0.07358 | +0.108% | $5.5M | $40.0M | 50x | as long as short |
| Bybit FLOCKUSDTlong | +0.0100% | 4h | 0.07350 | long leg | $3.4M | $13.7M | 20x | |
| OKX FLOCK-USDT-SWAP | +0.0100% | 4h | 0.07351 | +0.014% | $745K | $15.1M | 20x | as long as short |
| Gate FLOCK_USDT | +0.0100% | 8h | 0.07346 | −0.054% | $770K | $1.9M | 50x | as long as short |
| MEXC FLOCK_USDT | +0.0100% | 4h | 0.07358 | +0.109% | $334K | $282K | 100x | as long as short |
| KuCoin FLOCKUSDTM | +0.0100% | 4h | 0.07348 | −0.027% | $1.2M | $811K | 20x | as long as short |
| Bitget FLOCKUSDT | +0.0100% | 4h | 0.07348 | −0.027% | $1.1M | $2.3M | 20x | as long as short |
| BingX FLOCK-USDT | +0.0100% | 4h | 0.07351 | +0.014% | — | $6.7M | — | as long as short |
| Variational Omni FLOCK | +0.0100% | 4h | 0.07360 | +0.138% | $171K | $354K | — | as long as short |
Binance 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 | 0.07369 | +0.259% | $1.6M | $3.7M | 5x | as long as short |
Aster FLOCKUSDT