Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: QFEX against Gate−0.073%7-day average −0.042% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.073%, 7d avg −0.042%

Together, before fees+0.002%$0 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: QFEX is 0.030% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOW_USDT	137.83	0	get 0.0000% / 8h	1h 32m	$251K	$404K	20x
Short	QFEX NOW-USD	137.73	0	get 0.0000% / 1h	32m 08s	$1.1M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.042%: −$3.02
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$28.02
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 48 min ago; QFEX: live order book, 5 min ago. Net counts fees only.

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, 48 min ago	24.70 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	77.30 bp	90.3 bp −$90	99.0 bp −$990	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	−0.0002%	8h	137.82	−0.007%	$45K	$17K	20x	as long as short
Aster NOWUSDT	0.0000%	8h	137.85	+0.014%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.87	+0.029%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.89	+0.044%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.029%	$484K	$196K	20x	as long as short
QFEX NOW-USDshort	0.0000%	1h	137.73	−0.073%	$1.1M	$2.1M	10x
Gate NOW_USDTlong	0.0000%	8h	137.83	long leg	$251K	$404K	20x
Bitget NOWUSDT	0.0000%	8h	137.78	−0.036%	$761K	$263K	20x	as long as short
GRVT NOW_USDT_Perp	0.0000%	8h	137.82	−0.008%	$445	$170K	10x	as long as short
SunX NOW-USDT	0.0000%	8h	137.85	+0.015%	$591	$439K	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	137.85	+0.015%	$5K	$26K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.81	−0.015%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.429%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.75	−0.058%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.69	−0.102%	$317K	$744K	20x	as long as short
tradeXYZ xyz:NOW	+0.0265%	1h	137.78	−0.036%	$2.1M	$200K	10x	as long as short