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: Bybit against MEXC+0.154%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1701.703% of the position

Long on MEXC Short on Bybit

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−0.160%−$16 · spread now +0.154%, 7d avg +0.034%

Together, before fees−0.442%−$44 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: Bybit is 0.120% dearer against MEXC than usual: you sell high and buy low, +$12 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	MEXC FLOW_USDT	0.03249	0.0100	pay 0.0050% / 4h	3h 33m	$1.6M	$1.0M	50x
Short	Bybit FLOWUSDT	0.03254	0.0100	get 0.0100% / 8h	3h 33m	$1.5M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.034%: $12
Slippage, 4 orders: −$155.31
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$158.32
Costs to cover: 1.703%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 3 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 MEXC live order book, 3 min ago	1.54 bp	5.6 bp −$6	34.4 bp −$344	335.1 bp −$33.5K	doesn't fit
Sell Bybit live order book, 3 min ago	6.15 bp	77.6 bp −$78	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	−6.248%	$213	$14K	5.5x	as long as short
BloFin FLOW-USDT	+0.0047%	4h	0.03250	+0.031%	$140K	$20K	20x	as long as short
Aster FLOWUSDT	+0.0100%	4h	0.03249	0.000%	$7K	$10K	5x	as long as short
Binance FLOWUSDT	+0.0100%	4h	0.03250	+0.031%	$2.6M	$7.8M	10x	as long as short
Bybit FLOWUSDTshort	+0.0100%	8h	0.03254	+0.154%	$1.5M	$1.3M	20x
OKX FLOW-USDT-SWAP	+0.0100%	4h	0.03253	+0.123%	$862K	$1.7M	10x	as long as short
Gate FLOW_USDT	+0.0100%	8h	0.03248	−0.031%	$286K	$299K	10x	as long as short
MEXC FLOW_USDTlong	+0.0100%	4h	0.03249	long leg	$1.6M	$1.0M	50x
KuCoin FLOWUSDTM	+0.0100%	4h	0.03256	+0.215%	$292K	$130K	10x	as long as short
BingX FLOW-USDT	+0.0100%	4h	0.03252	+0.092%	—	$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	0.03253	+0.121%	$34K	$2K	—	as long as short
Kraken Futures PF_FLOWUSD	+0.0845%	1h	0.03253	+0.133%	$35K	$41K	10x	as long as short