Funding arb · Price arb /

FLOW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.062%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$893as in the Funding arb table

Net, price: spread back to 7d avg − costs−$897as in the Price arb table

costs, in and out, $10k−$8948.938% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.062%, 7d avg −0.033%

Together, before fees+0.234%+$23 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: OKX is 0.028% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FLOWUSDTM	0.03251	0.0100	pay 0.0050% / 4h	1h 13m	$291K	$138K	10x
Short	OKX FLOW-USDT-SWAP	0.03249	0.0100	get 0.0050% / 4h	1h 13m	$860K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.033%: −$2.81
Slippage, 4 orders: −$871.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$896.61
Costs to cover: 8.938%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; OKX: 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 KuCoin live order book, 8 min ago	12.31 bp	525.4 bp −$525	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	6.14 bp	26.5 bp −$27	doesn't fit	doesn't fit	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	−6.306%	$213	$14K	5.5x	as long as short
Aster FLOWUSDT	+0.0100%	4h	0.03248	−0.087%	$7K	$14K	5x	as long as short
Binance FLOWUSDT	+0.0100%	4h	0.03246	−0.154%	$2.6M	$8.1M	10x	as long as short
Bybit FLOWUSDT	+0.0100%	8h	0.03252	+0.031%	$1.5M	$1.3M	20x	as long as short
OKX FLOW-USDT-SWAPshort	+0.0100%	4h	0.03249	−0.062%	$860K	$1.9M	10x
Gate FLOW_USDT	+0.0100%	8h	0.03250	−0.031%	$285K	$321K	10x	as long as short
MEXC FLOW_USDT	+0.0100%	4h	0.03247	−0.123%	$1.6M	$1.0M	50x	as long as short
KuCoin FLOWUSDTMlong	+0.0100%	4h	0.03251	long leg	$291K	$138K	10x
BingX FLOW-USDT	+0.0100%	4h	0.03250	−0.031%	—	$1.7M	—	as long as short
Variational Omni FLOW	+0.0100%	8h	0.03258	+0.211%	$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	+0.0123%	4h	0.03253	+0.062%	$108K	$22K	20x	as long as short
Kraken Futures PF_FLOWUSD	+0.0583%	1h	0.03251	+0.006%	$35K	$47K	10x	as long as short