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+0.0099%/8h= +10.9% APRnext payment +$0.99 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against BloFin−0.283%65s7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. KuCoin is 0.283% cheaper against BloFin than usual: you would sell low and buy high (spread −0.283% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 9.5 days of funding at the current rate (+$3 a day). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NOW-USDT138.020.0001pay 0.0001% / 8h7h 50m$45K$17K20x
ShortKuCoin NOWUSDTM137.630.0100get 0.0100% / 8h7h 50m$317K$674K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$20.86
Price spread: −0.283% → 0.000%
−$28.26
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$31.4
Costs to cover
0.240%
Break-even
17.5 days
Slippage unknown: BloFin: no order-book sample; KuCoin: 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 KuCoin live order book, 3 min ago11.63 bp82.4 bp −$82doesn't fitdoesn'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
Aster NOWUSDT0.0000%8h137.91−0.082%$41K$99520xas long as short
Binance NOWUSDT0.0000%8h137.95−0.049%$1.6M$1.3M20xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.09+0.051%$498K$207K20xas long as short
QFEX NOW-USD0.0000%1h137.78−0.174%$1.1M$2.1M10xas long as short
Gate NOW_USDT0.0000%8h137.87−0.109%$250K$364K20xas long as short
Bitget NOWUSDT0.0000%8h137.87−0.109%$765K$228K20xas long as short
SunX NOW-USDT0.0000%8h137.95−0.051%$922$430K10xas long as short
HTX NOW-USDT0.0000%8h137.94−0.058%$5K$28K20xas long as short
BloFin NOW-USDTlong+0.0001%8h138.02long leg$45K$17K20x
Lighter NOW+0.0032%1h137.88−0.101%$5K$1735xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective NOW/USDC PERP+0.0033%1h139.80+1.290%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.78−0.174%25xas long as short
KuCoin NOWUSDTMshort+0.0100%8h137.63−0.283%$317K$674K20x
Bybit NOWUSDT+0.0114%8h137.91−0.080%$1.5M$5.7M25xas long as short
GRVT NOW_USDT_Perp+0.0161%8h137.97−0.034%$370$165K10xas long as short
tradeXYZ xyz:NOW+0.0188%1h137.83−0.138%$2.1M$201K10xas long as short