Funding arb · Price arb /

FLOW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.020%

Price spread now: Variational Omni against BloFin+0.090%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.090% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin FLOW-USDT	0.03250	0.0047	pay 0.0023% / 4h	3h 32m	$140K	$20K	20x
Short	Variational Omni FLOW	0.03253	0.0100	get 0.0100% / 8h	3h 32m	$34K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee Variational OmnibpOrdersPrice spread, now +0.090%Rate

Funding earned: $11.18
Price spread: +0.090% → 0.000%: $9.02
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.2
Costs to cover: 0.120%
Break-even: 1.9 days

Slippage unknown: BloFin: live order book, 49 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 49 min ago	10.83 bp	20.3 bp −$20	54.7 bp −$547	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

FLOW on 12 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
Injective FLOW/USDC PERP	+0.0033%	1h	0.03046	−6.277%	$213	$14K	5.5x	as long as short
BloFin FLOW-USDTlong	+0.0047%	4h	0.03250	long leg	$140K	$20K	20x
Aster FLOWUSDT	+0.0100%	4h	0.03249	−0.031%	$7K	$10K	5x	as long as short
Binance FLOWUSDT	+0.0100%	4h	0.03249	−0.031%	$2.6M	$7.8M	10x	as long as short
Bybit FLOWUSDT	+0.0100%	8h	0.03254	+0.123%	$1.5M	$1.3M	20x	as long as short
OKX FLOW-USDT-SWAP	+0.0100%	4h	0.03253	+0.092%	$862K	$1.7M	10x	as long as short
Gate FLOW_USDT	+0.0100%	8h	0.03248	−0.062%	$286K	$299K	10x	as long as short
MEXC FLOW_USDT	+0.0100%	4h	0.03249	−0.031%	$1.6M	$1.0M	50x	as long as short
KuCoin FLOWUSDTM	+0.0100%	4h	0.03250	0.000%	$291K	$130K	10x	as long as short
BingX FLOW-USDT	+0.0100%	4h	0.03251	+0.031%	—	$1.7M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FLOWshort	+0.0100%	8h	0.03253	+0.090%	$34K	$2K	—
Kraken Futures PF_FLOWUSD	+0.0845%	1h	0.03253	+0.102%	$35K	$41K	10x	as long as short