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: Bybit against Bitget−0.044%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1711.714% of the position

Long on Bitget Short on Bybit

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)+0.058%+$6 · spread now −0.044%, 7d avg +0.036%

Together, before fees+0.059%+$6 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: Bybit is 0.079% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOWUSDT	137.86	0	get 0.0000% / 8h	57m 33s	$762K	$275K	20x
Short	Bybit NOWUSDT	137.80	0	get 0.0000% / 8h	57m 33s	$1.5M	$5.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.036%: −$7.91
Slippage, 4 orders: −$148.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$179.3
Costs to cover: 1.714%
Break-even: never at this rate

Slippage from Bitget: live order book, 18 min ago; Bybit: live order book, 5 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, 18 min ago	2.54 bp	14.4 bp −$14	29.1 bp −$291	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.45 bp	61.0 bp −$61	166.4 bp −$1,664	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	−0.0026%	8h	137.78	−0.058%	$45K	$17K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.82	−0.029%	$1.1M	$2.1M	10x	as long as short
Aster NOWUSDT	0.0000%	8h	137.88	+0.012%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.84	−0.017%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDTshort	0.0000%	8h	137.80	−0.044%	$1.5M	$5.7M	25x
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.007%	$484K	$196K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.81	−0.036%	$250K	$395K	20x	as long as short
Bitget NOWUSDTlong	0.0000%	8h	137.86	long leg	$762K	$275K	20x
GRVT NOW_USDT_Perp	0.0000%	8h	137.81	−0.036%	$205	$169K	10x	as long as short
SunX NOW-USDT	0.0000%	8h	137.89	+0.022%	$1K	$438K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.90	+0.029%	$5K	$26K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.83	−0.022%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.407%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.85	−0.007%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.65	−0.152%	$317K	$722K	20x	as long as short
tradeXYZ xyz:NOW	+0.0147%	1h	137.78	−0.058%	$2.1M	$200K	10x	as long as short