Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget+0.009%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 2 days (all we have)+0.009%+$1 · spread now +0.009%, 7d avg +0.034%

Together, before fees+0.034%+$3 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: Binance is 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$2 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	Bitget NOWUSDT	137.93	0	get 0.0000% / 8h	2m 45s	$762K	$254K	20x
Short	Binance NOWUSDT	137.94	0	get 0.0000% / 8h	2m 45s	$1.6M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.034%: −$2.45
Slippage, 4 orders: −$43.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$67.56
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from Bitget: live order book, 8 min ago; Binance: live order book, 16 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 Bitget live order book, 8 min ago	1.81 bp	16.4 bp −$16	26.5 bp −$265	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	2.17 bp	12.7 bp −$13	47.8 bp −$478	doesn't fit	doesn't fit

NOW on 16 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
BloFin NOW-USDT	−0.0029%	8h	137.90	−0.022%	$45K	$17K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.71	−0.160%	$1.1M	$2.1M	10x	as long as short
Aster NOWUSDT	0.0000%	8h	137.87	−0.041%	$41K	$995	20x	as long as short
Binance NOWUSDTshort	0.0000%	8h	137.94	+0.009%	$1.6M	$1.3M	20x
Bybit NOWUSDT	0.0000%	8h	137.92	−0.007%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.90	−0.022%	$484K	$196K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.82	−0.080%	$250K	$398K	20x	as long as short
Bitget NOWUSDTlong	0.0000%	8h	137.93	long leg	$762K	$254K	20x
SunX NOW-USDT	0.0000%	8h	137.92	−0.007%	$879	$435K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.86	−0.051%	$5K	$28K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NOW_USDT_Perp	+0.0014%	8h	137.86	−0.051%	$393	$166K	10x	as long as short
Lighter NOW	+0.0032%	1h	137.84	−0.065%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.356%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.74	−0.138%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.68	−0.181%	$317K	$669K	20x	as long as short
tradeXYZ xyz:NOW	+0.0290%	1h	137.79	−0.102%	$2.1M	$201K	10x	as long as short