Funding arb · Price arb /

NOW

RWAall NOW markets

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: Gate against Bitget+0.029%7-day average −0.012% · you sell dearer than you buy

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

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.029%, 7d avg −0.012%

Together, before fees−0.004%$0 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 0.041% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOWUSDT	139.01	0	get 0.0000% / 8h	1h 42m	$770K	$255K	20x
Short	Gate NOW_USDT	139.05	0	get 0.0000% / 8h	1h 42m	$253K	$346K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.012%: $4.06
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$22.94
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 63 min ago; Gate: live order book, 62 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 Bitget live order book, 63 min ago	2.17 bp	21.0 bp −$21	35.7 bp −$357	doesn't fit	doesn't fit
Sell Gate live order book, 62 min ago	9.76 bp	184.5 bp −$184	doesn't fit	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
OKX NOW-USDT-SWAP	0.0000%	8h	138.92	−0.065%	$496K	$232K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.91	−0.072%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDTshort	0.0000%	8h	139.05	+0.029%	$253K	$346K	20x
Bitget NOWUSDTlong	0.0000%	8h	139.01	long leg	$770K	$255K	20x
SunX NOW-USDT	0.0000%	8h	139.06	+0.036%	$925	$349K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.13	+0.086%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.04	+0.022%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.568%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.96	−0.036%	—	—	25x	as long as short
Aster NOWUSDT	+0.0071%	8h	139.36	+0.250%	$41K	$995	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	138.88	−0.094%	$320K	$631K	20x	as long as short
tradeXYZ xyz:NOW	+0.0183%	1h	138.98	−0.022%	$2.1M	$228K	10x	as long as short
Bybit NOWUSDT	+0.0205%	8h	139.07	+0.043%	$1.6M	$1.3M	25x	as long as short
Binance NOWUSDT	+0.0210%	8h	139.04	+0.022%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0216%	8h	139.15	+0.101%	$46K	$18K	20x	as long as short
GRVT NOW_USDT_Perp	+0.0300%	8h	139.02	+0.005%	$361	$143K	10x	as long as short