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: OKX against Bitget+0.087%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$640.637% of the position

Long on Bitget Short on OKX

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)−0.023%−$2 · spread now +0.087%, 7d avg −0.002%

Together, before fees−0.023%−$2 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: OKX is 0.089% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOWUSDT	138.27	0	get 0.0000% / 8h	3h 00m	$766K	$254K	20x
Short	OKX NOW-USDT-SWAP	138.39	0	get 0.0000% / 8h	3h 00m	$493K	$228K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.002%: $8.89
Slippage, 4 orders: −$41.66
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$54.78
Costs to cover: 0.637%
Break-even: never at this rate

Slippage from Bitget: live order book, 50 min ago; OKX: live order book, 50 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, 50 min ago	1.09 bp	20.0 bp −$20	29.3 bp −$293	doesn't fit	doesn't fit
Sell OKX live order book, 50 min ago	6.88 bp	15.4 bp −$15	1056.7 bp −$10.6K	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-SWAPshort	0.0000%	8h	138.39	+0.087%	$493K	$228K	20x
QFEX NOW-USD	0.0000%	1h	138.33	+0.043%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.42	+0.108%	$249K	$354K	20x	as long as short
Bitget NOWUSDTlong	0.0000%	8h	138.27	long leg	$766K	$254K	20x
SunX NOW-USDT	0.0000%	8h	138.41	+0.101%	$660	$367K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.56	+0.210%	$5K	$34K	20x	as long as short
Aster NOWUSDT	+0.0022%	8h	139.13	+0.619%	$41K	$995	20x	as long as short
Lighter NOW	+0.0032%	1h	138.33	+0.043%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.107%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.36	+0.065%	—	—	25x	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	138.23	−0.029%	$317K	$638K	20x	as long as short
Bybit NOWUSDT	+0.0209%	8h	138.40	+0.094%	$1.6M	$2.5M	25x	as long as short
Binance NOWUSDT	+0.0217%	8h	138.43	+0.116%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0249%	8h	138.44	+0.123%	$46K	$17K	20x	as long as short
tradeXYZ xyz:NOW	+0.0273%	1h	138.35	+0.058%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0404%	8h	138.39	+0.086%	$260	$147K	10x	as long as short