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−0.0150%/8h= −16.4% APRnext payment $1.50 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Bybit−0.072%7-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
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.072% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NOWUSDT139.350.0150pay 0.0150% / 8h1h 00m$1.6M$656K25x
ShortHTX NOW-USDT139.250get 0.0000% / 8h1h 00m$5K$36K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$31.47
Price spread: −0.072% → 0.000%
−$7.18
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
−$61.64
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 5 min ago; HTX: no order-book sample. 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 Bybit live order book, 5 min ago7.53 bp23.5 bp −$23172.9 bp −$1,729doesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: 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%8h139.40+0.036%$495K$243K20xas long as short
QFEX NOW-USD0.0000%1h139.18−0.122%$1.1M$1.5M10xas long as short
Gate NOW_USDT0.0000%8h139.22−0.093%$253K$350K20xas long as short
Bitget NOWUSDT0.0000%8h139.25−0.072%$769K$260K20xas long as short
SunX NOW-USDT0.0000%8h139.39+0.029%$969$335K10xas long as short
HTX NOW-USDTshort0.0000%8h139.25−0.072%$5K$36K20x
Lighter NOW+0.0032%1h139.20−0.108%$5K$1715xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+0.323%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h139.16−0.136%25xas long as short
Aster NOWUSDT+0.0050%8h139.93+0.418%$42K$85920xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h139.18−0.122%$317K$638K20xas long as short
tradeXYZ xyz:NOW+0.0121%1h139.20−0.108%$2.1M$238K10xas long as short
Bybit NOWUSDTlong+0.0150%8h139.35long leg$1.6M$656K25x
Binance NOWUSDT+0.0158%8h139.28−0.050%$1.8M$1.5M20xas long as short
BloFin NOW-USDT+0.0171%8h139.28−0.050%$46K$18K20xas long as short
GRVT NOW_USDT_Perp+0.0256%8h139.30−0.036%$294$141K10xas long as short