Settings8H · net · $10k
Funding arb · Price arb /

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0270%/8h= +29.5% APRpaid last 24h +0.049%
Price spread now: tradeXYZ against Gate0.000%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1671.670% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.264%+$26 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now 0.000%, 7d avg −0.011%
Together, before fees+0.222%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NOW_USDT137.850get 0.0000% / 8h44m 21s$251K$396K20x
ShorttradeXYZ xyz:NOW137.850.0270get 0.0034% / 1h44m 21s$2.1M$201K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
$56.66
Price spread: 0.000% → −0.011%
$1.08
Slippage, 4 orders
−$133.99
Fee Gate: 7.5 bp × 2 orders
−$15
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$109.25
Costs to cover
1.670%
Break-even
20.5 days
Slippage from Gate: live order book, 31 min ago; tradeXYZ: live order book, 3 min ago.

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, 31 min ago12.70 bp59.3 bp −$59doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 3 min ago2.54 bp16.0 bp −$16doesn'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
QFEX NOW-USD0.0000%1h137.71−0.102%$1.1M$2.1M10xas long as short
Aster NOWUSDT0.0000%8h137.89+0.031%$41K$99520xas long as short
Binance NOWUSDT0.0000%8h137.91+0.044%$1.6M$1.3M20xas long as short
Bybit NOWUSDT0.0000%8h137.88+0.022%$1.5M$5.7M25xas long as short
OKX NOW-USDT-SWAP0.0000%8h137.87+0.015%$484K$196K20xas long as short
Gate NOW_USDTlong0.0000%8h137.85long leg$251K$396K20x
Bitget NOWUSDT0.0000%8h137.87+0.015%$762K$274K20xas long as short
GRVT NOW_USDT_Perp0.0000%8h137.88+0.025%$587$169K10xas long as short
SunX NOW-USDT0.0000%8h137.92+0.051%$874$436K10xas long as short
HTX NOW-USDT0.0000%8h137.89+0.029%$5K$27K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NOW-USDT+0.0011%8h137.91+0.044%$45K$17K20xas long as short
Lighter NOW+0.0032%1h137.84−0.007%$5K$1735xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.415%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.73−0.087%25xas long as short
KuCoin NOWUSDTM+0.0100%8h137.73−0.087%$318K$711K20xas long as short
tradeXYZ xyz:NOWshort+0.0270%1h137.850.000%$2.1M$201K10x