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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni+0.106%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.106% dearer against Variational Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni FLOW	0.03313	0.0100	pay 0.0100% / 8h	7h 44m	$34K	$1K	—
Short	Bybit FLOWUSDT	0.03317	0.0100	get 0.0100% / 8h	7h 44m	$1.5M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → 0.000%: $10.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$0.4
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	4.53 bp	73.8 bp −$74	201.1 bp −$2,011	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1873%	1h	0.03311	−0.066%	$36K	$47K	10x	as long as short
MEXC FLOW_USDT	−0.0084%	4h	0.03312	−0.045%	$1.9M	$1.0M	50x	as long as short
Binance FLOWUSDT	−0.0077%	4h	0.03311	−0.071%	$2.7M	$7.9M	10x	as long as short
BloFin FLOW-USDT	−0.0030%	4h	0.03308	−0.166%	$145K	$22K	20x	as long as short
Injective FLOW/USDC PERP	+0.0033%	1h	0.03046	−8.073%	$213	$14K	5.5x	as long as short
Aster FLOWUSDT	+0.0059%	4h	0.03312	−0.060%	$7K	$15K	5x	as long as short
Bybit FLOWUSDTshort	+0.0100%	8h	0.03317	+0.106%	$1.5M	$1.3M	20x
OKX FLOW-USDT-SWAP	+0.0100%	4h	0.03315	+0.046%	$891K	$1.8M	10x	as long as short
Gate FLOW_USDT	+0.0100%	8h	0.03310	−0.105%	$331K	$150K	10x	as long as short
KuCoin FLOWUSDTM	+0.0100%	4h	0.03314	+0.016%	$304K	$132K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX FLOW-USDT	+0.0100%	4h	0.03313	−0.015%	—	$1.8M	—	as long as short
Variational Omni FLOWlong	+0.0100%	8h	0.03313	long leg	$34K	$1K	—