Funding arb · Price arb /

FLOW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0792%/8h= −86.7% APRpaid last 24h −0.424%

Price spread now: Kraken Futures against Gate+0.059%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Kraken Futures

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—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.059% dearer against Gate than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate FLOW_USDT	0.03260	0.0100	pay 0.0100% / 8h	6h 54m	$323K	$149K	10x
Short	Kraken Futures PF_FLOWUSD	0.03262	−0.0692	pay 0.0087% / 1h	54m 54s	$35K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$166.35
Price spread: +0.059% → 0.000%: $5.88
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$185.48
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 10 min ago; Kraken Futures: 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 Gate live order book, 10 min ago	10.52 bp	646.6 bp −$647	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
Kraken Futures PF_FLOWUSDshort	−0.0692%	1h	0.03262	+0.059%	$35K	$47K	10x
Injective FLOW/USDC PERP	+0.0033%	1h	0.03046	−6.564%	$213	$14K	5.5x	as long as short
BloFin FLOW-USDT	+0.0067%	4h	0.03259	−0.031%	$144K	$22K	20x	as long as short
Aster FLOWUSDT	+0.0100%	4h	0.03261	+0.016%	$7K	$15K	5x	as long as short
Binance FLOWUSDT	+0.0100%	4h	0.03257	−0.092%	$2.6M	$8.1M	10x	as long as short
Bybit FLOWUSDT	+0.0100%	8h	0.03262	+0.061%	$1.5M	$1.3M	20x	as long as short
OKX FLOW-USDT-SWAP	+0.0100%	4h	0.03260	0.000%	$866K	$1.8M	10x	as long as short
Gate FLOW_USDTlong	+0.0100%	8h	0.03260	long leg	$323K	$149K	10x
MEXC FLOW_USDT	+0.0100%	4h	0.03257	−0.092%	$1.7M	$1.0M	50x	as long as short
KuCoin FLOWUSDTM	+0.0100%	4h	0.03253	−0.215%	$293K	$135K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX FLOW-USDT	+0.0100%	4h	0.03258	−0.061%	—	$1.8M	—	as long as short
Variational Omni FLOW	+0.0100%	8h	0.03270	+0.307%	$34K	$1K	—	as long as short