FLOCK arbitrage explained
Right now FLOCK trades on 9 venues we scan: 9 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0592 and the highest bid on Bybit spot at $0.0592.
The widest FLOCK perpetual spread is between Binance and OKX: long FLOCK on Binance at $0.0592 and short on OKX at $0.0592 for +0.03% gross, or -0.13% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.086% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best FLOCK route is to buy spot on Bitget and short the perpetual on OKX: +0.02% gross, -0.18% net, with +0.030% a day of funding on the short leg.
Spot–spot FLOCK arbitrage (buy on Bitget, withdraw, deposit and sell on Bybit) shows +0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small FLOCK gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: FLOCK funding rates · FLOCK spread charts · FLOCK price · arbitrage scanner for all coins.