Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.044%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1781.782% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.044%, 7d avg −0.036%

Together, before fees−0.059%−$6 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: Bitget is 0.079% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOWUSDT	137.80	0	get 0.0000% / 8h	54m 09s	$1.5M	$5.7M	25x
Short	Bitget NOWUSDT	137.86	0	get 0.0000% / 8h	54m 09s	$762K	$275K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.036%: $7.91
Slippage, 4 orders: −$155.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$170.25
Costs to cover: 1.782%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 21 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 Bybit live order book, 4 min ago	2.54 bp	79.1 bp −$79	175.3 bp −$1,753	doesn't fit	doesn't fit
Sell Bitget live order book, 21 min ago	2.54 bp	20.2 bp −$20	58.0 bp −$580	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
BloFin NOW-USDT	−0.0021%	8h	137.89	+0.065%	$45K	$17K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.72	−0.058%	$1.1M	$2.1M	10x	as long as short
Aster NOWUSDT	0.0000%	8h	137.81	+0.008%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.83	+0.022%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDTlong	0.0000%	8h	137.80	long leg	$1.5M	$5.7M	25x
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.051%	$484K	$196K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.80	0.000%	$250K	$396K	20x	as long as short
Bitget NOWUSDTshort	0.0000%	8h	137.86	+0.044%	$762K	$275K	20x
GRVT NOW_USDT_Perp	0.0000%	8h	137.82	+0.014%	$205	$169K	10x	as long as short
SunX NOW-USDT	0.0000%	8h	137.85	+0.036%	$965	$436K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.86	+0.044%	$5K	$27K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.81	+0.007%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.451%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.74	−0.044%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.70	−0.073%	$318K	$721K	20x	as long as short
tradeXYZ xyz:NOW	+0.0276%	1h	137.78	−0.015%	$2.1M	$200K	10x	as long as short