Funding arb · Price arb /

FLOW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: MEXC against Bybit+0.031%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1671.674% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.282%+$28 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.031%, 7d avg −0.034%

Together, before fees+0.281%+$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.065% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit FLOWUSDT	0.03224	0.0100	pay 0.0100% / 8h	2h 41m	$1.5M	$1.3M	20x
Short	MEXC FLOW_USDT	0.03225	0.0100	get 0.0050% / 4h	2h 41m	$1.5M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → −0.034%: $6.47
Slippage, 4 orders: −$152.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$160.88
Costs to cover: 1.674%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 4 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, 5 min ago	7.71 bp	77.5 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.54 bp	6.4 bp −$6	67.2 bp −$672	458.0 bp −$45.8K	doesn't fit

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	−5.521%	$213	$14K	5.5x	as long as short
BloFin FLOW-USDT	+0.0042%	4h	0.03231	+0.217%	$139K	$20K	20x	as long as short
Aster FLOWUSDT	+0.0100%	4h	0.03226	+0.073%	$7K	$11K	5x	as long as short
Binance FLOWUSDT	+0.0100%	4h	0.03226	+0.048%	$2.6M	$7.7M	10x	as long as short
Bybit FLOWUSDTlong	+0.0100%	8h	0.03224	long leg	$1.5M	$1.3M	20x
OKX FLOW-USDT-SWAP	+0.0100%	4h	0.03224	0.000%	$838K	$1.7M	10x	as long as short
Gate FLOW_USDT	+0.0100%	8h	0.03230	+0.186%	$284K	$299K	10x	as long as short
MEXC FLOW_USDTshort	+0.0100%	4h	0.03225	+0.031%	$1.5M	$1.0M	50x
KuCoin FLOWUSDTM	+0.0100%	4h	0.03230	+0.186%	$289K	$128K	10x	as long as short
BingX FLOW-USDT	+0.0100%	4h	0.03229	+0.155%	—	$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 FLOW	+0.0100%	8h	0.03231	+0.232%	$34K	$2K	—	as long as short
Kraken Futures PF_FLOWUSD	+0.0536%	1h	0.03235	+0.345%	$37K	$43K	10x	as long as short