Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate+0.036%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1951.950% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.036%, 7d avg +0.013%

Together, before fees−0.028%−$3 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: OKX is 0.023% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOW_USDT	140.47	0	get 0.0000% / 8h	7h 51m	$255K	$306K	20x
Short	OKX NOW-USDT-SWAP	140.52	0	get 0.0000% / 8h	7h 51m	$512K	$247K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.013%: $2.3
Slippage, 4 orders: −$170.04
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$192.74
Costs to cover: 1.950%
Break-even: never at this rate

Slippage from Gate: live order book, 44 min ago; OKX: live order book, 44 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 Gate live order book, 44 min ago	25.47 bp	115.9 bp −$116	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 44 min ago	12.20 bp	22.2 bp −$22	973.7 bp −$9,737	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
OKX NOW-USDT-SWAPshort	0.0000%	8h	140.52	+0.036%	$512K	$247K	20x
QFEX NOW-USD	0.0000%	1h	140.45	−0.014%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDTlong	0.0000%	8h	140.47	long leg	$255K	$306K	20x
Bitget NOWUSDT	0.0000%	8h	140.55	+0.057%	$784K	$263K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	140.14	−0.235%	$939	$318K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	140.02	−0.320%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.54	+0.050%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.477%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	140.50	+0.021%	—	—	25x	as long as short
Aster NOWUSDT	+0.0088%	8h	140.90	+0.308%	$42K	$859	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	140.42	−0.036%	$314K	$660K	20x	as long as short
Binance NOWUSDT	+0.0174%	8h	140.73	+0.182%	$1.9M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0194%	8h	140.02	−0.320%	$46K	$18K	20x	as long as short
tradeXYZ xyz:NOW	+0.0375%	1h	140.51	+0.028%	$2.1M	$240K	10x	as long as short
Bybit NOWUSDT	+0.0782%	8h	140.73	+0.185%	$1.6M	$295K	25x	as long as short
GRVT NOW_USDT_Perp	+0.1008%	8h	140.13	−0.239%	$188	$138K	10x	as long as short