Settings8H · net · $10k
Funding arb · Price arb /

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.32 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against BloFin+0.108%82s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.108% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NOW-USDT138.490.0181pay 0.0181% / 8h2h 53m$46K$17K20x
ShortBybit NOWUSDT138.640.0213get 0.0213% / 8h2h 53m$1.6M$2.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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

Funding earned
$6.68
Price spread: +0.108% → 0.000%
$10.83
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$5.49
Costs to cover
0.230%
Break-even
12.7 days
Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell Bybit live order book, 3 min ago0.72 bp48.9 bp −$49151.0 bp −$1,510doesn't fitdoesn't fit
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOW on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NOW-USDT-SWAP0.0000%8h138.58+0.065%$494K$230K20xas long as short
QFEX NOW-USD0.0000%1h138.32−0.123%$1.1M$1.5M10xas long as short
Gate NOW_USDT0.0000%8h138.46−0.022%$253K$346K20xas long as short
Bitget NOWUSDT0.0000%8h138.43−0.043%$767K$254K20xas long as short
SunX NOW-USDT0.0000%8h138.43−0.043%$678$367K10xas long as short
HTX NOW-USDT0.0000%8h138.32−0.123%$5K$34K20xas long as short
Aster NOWUSDT+0.0018%8h139.19+0.505%$41K$99520xas long as short
Lighter NOW+0.0032%1h138.40−0.065%$5K$1715xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+0.946%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.36−0.094%25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h138.28−0.152%$317K$633K20xas long as short
BloFin NOW-USDTlong+0.0181%8h138.49long leg$46K$17K20x
Binance NOWUSDT+0.0208%8h138.51+0.014%$1.8M$1.4M20xas long as short
Bybit NOWUSDTshort+0.0213%8h138.64+0.108%$1.6M$2.5M25x
tradeXYZ xyz:NOW+0.0250%1h138.37−0.087%$2.1M$224K10xas long as short
GRVT NOW_USDT_Perp+0.0364%8h138.41−0.058%$255$147K10xas long as short