Funding arb · Price arb /

FLOW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.003%

Price spread now: Binance against Injective+6.763%47s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 6.763% dearer against Injective than usual: you sell high and buy low: +$676 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective FLOW/USDC PERP	0.03046	0.0033	pay 0.0004% / 1h	20m 27s	$213	$14K	5.5x
Short	Binance FLOWUSDT	0.03252	0.0100	get 0.0050% / 4h	1h 20m	$2.6M	$8.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +6.763%Rate

Funding earned: $14
Price spread: +6.763% → 0.000%: $676.3
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $680.28
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 4 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	1.54 bp	22.1 bp −$22	97.6 bp −$976	doesn't fit	doesn't fit

Injective: 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 PERPlong	+0.0033%	1h	0.03046	long leg	$213	$14K	5.5x
Aster FLOWUSDT	+0.0100%	4h	0.03249	+6.664%	$7K	$14K	5x	as long as short
Binance FLOWUSDTshort	+0.0100%	4h	0.03252	+6.763%	$2.6M	$8.1M	10x
Bybit FLOWUSDT	+0.0100%	8h	0.03255	+6.861%	$1.5M	$1.3M	20x	as long as short
OKX FLOW-USDT-SWAP	+0.0100%	4h	0.03256	+6.894%	$861K	$1.9M	10x	as long as short
Gate FLOW_USDT	+0.0100%	8h	0.03250	+6.697%	$284K	$319K	10x	as long as short
MEXC FLOW_USDT	+0.0100%	4h	0.03252	+6.763%	$1.7M	$1.0M	50x	as long as short
KuCoin FLOWUSDTM	+0.0100%	4h	0.03252	+6.763%	$291K	$138K	10x	as long as short
BingX FLOW-USDT	+0.0100%	4h	0.03252	+6.763%	—	$1.8M	—	as long as short
Variational Omni FLOW	+0.0100%	8h	0.03256	+6.891%	$34K	$1K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin FLOW-USDT	+0.0149%	4h	0.03254	+6.829%	$141K	$22K	20x	as long as short
Kraken Futures PF_FLOWUSD	+0.0582%	1h	0.03257	+6.914%	$35K	$47K	10x	as long as short