It used to be a simple formula based on distance between cities, but not anymore. Now there is stage length, etc that factors in. A flight that blocks an hour typically pays somewhere around 1.2 TFP.
There are also rigs to take into account that will increase your pay per duty period, premium pay that kicks in and gives you 1.5X, and double time in some cases.
Long story short, there are a few who can explain it, but it is really complicated. The union periodically publishes an education piece to assure us that we are being paid fairly. I think it roughly breaks down to around .91 block hours/TFP, but that is a gross generalization.
Just as an example, this is what I am flying today:
Block 2:40 TFP 3.1
Block 1:05 TFP 1.2
Block 1:25 TFP 1.5

So, 5.7 total. Not a great day by any stretch, but this trip is split so I can commute home.


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