FLOW

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0427%/8h= −46.8% APRnext payment −$2.14 per $10,000 · paid last 24h −0.007%

Price spread now: Binance against OKX−0.208%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1281.281% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 7 days+0.326%+$33 · spread now −0.208%, 7d avg +0.003%

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

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Binance is 0.211% cheaper against OKX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX FLOW-USDT-SWAP	0.03304	0.0100	pay 0.0050% / 4h	34m 40s	$894K	$1.8M	10x
Short	Binance FLOWUSDT	0.03297	−0.0327	pay 0.0164% / 4h	34m 40s	$2.7M	$7.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.208%Rate

Funding earned: −$89.75
Price spread: −0.208% → +0.003%: −$21.08
Slippage, 4 orders: −$108.13
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$238.95
Costs to cover: 1.281%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: 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 OKX live order book, 2 min ago	7.57 bp	37.6 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	3.03 bp	31.5 bp −$31	90.4 bp −$904	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
Kraken Futures PF_FLOWUSD	−0.1611%	1h	0.03301	−0.091%	$36K	$48K	10x	as long as short
MEXC FLOW_USDT	−0.0332%	4h	0.03298	−0.182%	$1.9M	$1.0M	50x	as long as short
Binance FLOWUSDTshort	−0.0327%	4h	0.03297	−0.208%	$2.7M	$7.9M	10x
BloFin FLOW-USDT	−0.0308%	4h	0.03301	−0.091%	$145K	$22K	20x	as long as short
Aster FLOWUSDT	−0.0141%	4h	0.03303	−0.033%	$7K	$16K	5x	as long as short
Injective FLOW/USDC PERP	+0.0033%	1h	0.03046	−7.809%	$213	$14K	5.5x	as long as short
Bybit FLOWUSDT	+0.0100%	8h	0.03302	−0.061%	$1.6M	$1.3M	20x	as long as short
OKX FLOW-USDT-SWAPlong	+0.0100%	4h	0.03304	long leg	$894K	$1.8M	10x
Gate FLOW_USDT	+0.0100%	8h	0.03304	0.000%	$330K	$151K	10x	as long as short
KuCoin FLOWUSDTM	+0.0100%	4h	0.03305	+0.030%	$303K	$133K	10x	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	0.03300	−0.117%	$34K	$1K	—	as long as short
BingX FLOW-USDT	+0.0200%	4h	0.03301	−0.091%	—	$1.8M	—	as long as short