FLOW

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0374%/8h= −41.0% APRnext payment −$1.87 per $10,000 · paid last 24h −0.007%

Price spread now: MEXC against OKX−0.121%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.121%, 7d avg −0.042%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and MEXC is 0.079% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.87 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	1h 53m	$901K	$1.7M	10x
Short	MEXC FLOW_USDT	0.03300	−0.0274	pay 0.0137% / 4h	1h 53m	$2.0M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$78.54
Price spread: −0.121% → −0.042%: −$7.89
Slippage, 4 orders: −$87.35
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$187.77
Costs to cover: 1.013%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; MEXC: 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, 4 min ago	3.03 bp	44.0 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	3.03 bp	7.3 bp −$7	38.3 bp −$383	338.5 bp −$33.9K	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	−0.2129%	1h	0.03302	−0.060%	$36K	$48K	10x	as long as short
Binance FLOWUSDT	−0.0281%	4h	0.03302	−0.061%	$2.7M	$7.8M	10x	as long as short
BloFin FLOW-USDT	−0.0277%	4h	0.03299	−0.151%	$148K	$22K	20x	as long as short
MEXC FLOW_USDTshort	−0.0274%	4h	0.03300	−0.121%	$2.0M	$1.0M	50x
Aster FLOWUSDT	−0.0125%	4h	0.03304	+0.009%	$7K	$17K	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	0.03307	+0.091%	$1.6M	$1.3M	20x	as long as short
OKX FLOW-USDT-SWAPlong	+0.0100%	4h	0.03304	long leg	$901K	$1.7M	10x
Gate FLOW_USDT	+0.0100%	8h	0.03305	+0.030%	$330K	$149K	10x	as long as short
KuCoin FLOWUSDTM	+0.0100%	4h	0.03301	−0.091%	$303K	$134K	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	0.03306	+0.067%	$34K	$1K	—	as long as short
BingX FLOW-USDT	+0.0200%	4h	0.03303	−0.030%	—	$1.8M	—	as long as short