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: SunX against Bitget+0.065%50s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1841.838% of the position

Long on Bitget Short on SunX

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)+0.108%+$11 · spread now +0.065%, 7d avg +0.044%

Together, before fees+0.108%+$11 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: SunX is 0.021% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOWUSDT	138.92	0	get 0.0000% / 8h	1h 34m	$769K	$255K	20x
Short	SunX NOW-USDT	139.01	0	get 0.0000% / 8h	1h 34m	$983	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.044%: $2.11
Slippage, 4 orders: −$163.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$181.7
Costs to cover: 1.838%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; SunX: live order book, 26 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, 6 min ago	5.03 bp	19.5 bp −$19	35.9 bp −$359	doesn't fit	doesn't fit
Sell SunX live order book, 26 min ago	46.06 bp	65.1 bp −$65	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	138.89	−0.022%	$496K	$232K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.85	−0.050%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.91	−0.007%	$253K	$347K	20x	as long as short
Bitget NOWUSDTlong	0.0000%	8h	138.92	long leg	$769K	$255K	20x
SunX NOW-USDTshort	0.0000%	8h	139.01	+0.065%	$983	$347K	10x
HTX NOW-USDT	0.0000%	8h	139.04	+0.086%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.93	+0.007%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.633%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.92	0.000%	—	—	25x	as long as short
Aster NOWUSDT	+0.0063%	8h	139.15	+0.163%	$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	138.89	−0.022%	$319K	$634K	20x	as long as short
Bybit NOWUSDT	+0.0192%	8h	139.02	+0.072%	$1.6M	$1.2M	25x	as long as short
Binance NOWUSDT	+0.0195%	8h	138.96	+0.029%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0195%	8h	138.96	+0.029%	$46K	$18K	20x	as long as short
tradeXYZ xyz:NOW	+0.0199%	1h	138.91	−0.007%	$2.1M	$228K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0295%	8h	139.03	+0.076%	$356	$143K	10x	as long as short