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+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Gate−0.051%7-day average −0.079% · 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 7 days+0.061%+$6 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.051%, 7d avg −0.079%
Together, before fees+0.090%+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.029% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NOW_USDT138.410get 0.0000% / 8h2h 31m$252K$347K20x
ShortKuCoin NOWUSDTM138.340.0100get 0.0100% / 8h2h 31m$317K$628K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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
$21
Price spread: −0.051% → −0.079%
$2.88
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$3.12
Costs to cover
0.270%
Break-even
8.0 days
Slippage unknown: Gate: live order book, 14 min ago; KuCoin: live order book, 28 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 Gate live order book, 14 min ago9.76 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 28 min ago9.40 bp157.3 bp −$157doesn't fitdoesn't fitdoesn't fit

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%8h138.51+0.072%$494K$230K20xas long as short
QFEX NOW-USD0.0000%1h138.40−0.007%$1.1M$1.5M10xas long as short
Gate NOW_USDTlong0.0000%8h138.41long leg$252K$347K20x
Bitget NOWUSDT0.0000%8h138.42+0.007%$767K$254K20xas long as short
SunX NOW-USDT0.0000%8h138.53+0.087%$813$367K10xas long as short
HTX NOW-USDT0.0000%8h138.43+0.014%$5K$35K20xas long as short
Lighter NOW+0.0032%1h138.38−0.022%$5K$1715xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.004%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.37−0.029%25xas long as short
Aster NOWUSDT+0.0051%8h138.83+0.302%$41K$99520xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTMshort+0.0100%8h138.34−0.051%$317K$628K20x
BloFin NOW-USDT+0.0216%8h138.51+0.072%$46K$18K20xas long as short
Binance NOWUSDT+0.0229%8h138.47+0.043%$1.8M$1.4M20xas long as short
Bybit NOWUSDT+0.0248%8h138.43+0.014%$1.6M$2.0M25xas long as short
tradeXYZ xyz:NOW+0.0273%1h138.35−0.043%$2.1M$228K10xas long as short
GRVT NOW_USDT_Perp+0.0362%8h138.47+0.043%$649$147K10xas long as short