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: SunX against Gate−0.015%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2212.210% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.347%+$35 · spread now −0.015%, 7d avg +0.061%

Together, before fees+0.347%+$35 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: SunX is 0.075% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOW_USDT	137.75	0	get 0.0000% / 8h	2h 22m	$249K	$405K	20x
Short	SunX NOW-USDT	137.73	0	get 0.0000% / 8h	2h 22m	$234	$455K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.061%: −$7.55
Slippage, 4 orders: −$198
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$228.55
Costs to cover: 2.210%
Break-even: never at this rate

Slippage from Gate: live order book, 62 min ago; SunX: live order book, 58 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, 62 min ago	12.72 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 58 min ago	47.56 bp	66.1 bp −$66	doesn't fit	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	−0.0013%	8h	137.72	−0.022%	$45K	$17K	20x	as long as short
Aster NOWUSDT	0.0000%	8h	137.75	−0.001%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.75	0.000%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.74	−0.007%	$1.5M	$5.8M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.96	+0.152%	$480K	$209K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.73	−0.015%	$1.1M	$2.0M	10x	as long as short
Gate NOW_USDTlong	0.0000%	8h	137.75	long leg	$249K	$405K	20x
Bitget NOWUSDT	0.0000%	8h	137.76	+0.007%	$761K	$268K	20x	as long as short
GRVT NOW_USDT_Perp	0.0000%	8h	137.77	+0.014%	$561	$174K	10x	as long as short
SunX NOW-USDTshort	0.0000%	8h	137.73	−0.015%	$234	$455K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.67	−0.058%	$5K	$25K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.74	−0.007%	$5K	$262	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.488%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.75	0.000%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.53	−0.160%	$316K	$761K	20x	as long as short
tradeXYZ xyz:NOW	+0.0152%	1h	137.72	−0.022%	$2.1M	$197K	10x	as long as short