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 0.000%

Price spread now: Gate against OKX−0.093%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$599as in the Funding arb table

Net, price: spread back to 7d avg − costs−$610as in the Price arb table

costs, in and out, $10k−$5995.995% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.093%, 7d avg +0.013%

Together, before fees+0.020%+$2 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: Gate is 0.106% cheaper against OKX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX FLOW-USDT-SWAP	0.03235	0.0100	pay 0.0050% / 4h	1h 08m	$846K	$1.7M	10x
Short	Gate FLOW_USDT	0.03232	0.0100	get 0.0100% / 8h	1h 08m	$286K	$306K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → +0.013%: −$10.58
Slippage, 4 orders: −$574.46
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$610.03
Costs to cover: 5.995%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 31 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, 3 min ago	4.64 bp	23.4 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 31 min ago	10.90 bp	441.3 bp −$441	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	−5.842%	$213	$14K	5.5x	as long as short
BloFin FLOW-USDT	+0.0079%	4h	0.03234	−0.031%	$137K	$20K	20x	as long as short
Aster FLOWUSDT	+0.0100%	4h	0.03231	−0.111%	$7K	$9K	5x	as long as short
Binance FLOWUSDT	+0.0100%	4h	0.03234	−0.042%	$2.6M	$7.8M	10x	as long as short
Bybit FLOWUSDT	+0.0100%	8h	0.03238	+0.093%	$1.5M	$1.3M	20x	as long as short
OKX FLOW-USDT-SWAPlong	+0.0100%	4h	0.03235	long leg	$846K	$1.7M	10x
Gate FLOW_USDTshort	+0.0100%	8h	0.03232	−0.093%	$286K	$306K	10x
MEXC FLOW_USDT	+0.0100%	4h	0.03232	−0.093%	$1.5M	$1.0M	50x	as long as short
KuCoin FLOWUSDTM	+0.0100%	4h	0.03237	+0.062%	$299K	$130K	10x	as long as short
BingX FLOW-USDT	+0.0100%	4h	0.03233	−0.062%	—	$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	0.03237	+0.074%	$34K	$2K	—	as long as short
Kraken Futures PF_FLOWUSD	+0.0659%	1h	0.03240	+0.143%	$38K	$30K	10x	as long as short