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: Gate against KuCoin+0.130%7-day average +0.079% · you sell dearer than you buy
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)−0.108%−$11 · spread now +0.130%, 7d avg +0.079%
Together, before fees−0.169%−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.050% dearer against KuCoin than usual: you sell high and buy low (spread +0.130% now, against its 7-day average of +0.079%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.061% in total) that is about 5.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NOWUSDTM138.690.0100pay 0.0100% / 8h1h 55m$319K$630K20x
ShortGate NOW_USDT138.870get 0.0000% / 8h1h 55m$253K$345K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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: +0.130% → +0.079%
$5.04
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$42.96
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 64 min ago; Gate: live order book, 50 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 KuCoin live order book, 64 min ago9.40 bp6463.9 bp −$6,464doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 50 min ago9.76 bp184.5 bp −$184doesn'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%8h138.91+0.159%$496K$231K20xas long as short
QFEX NOW-USD0.0000%1h138.78+0.065%$1.1M$1.5M10xas long as short
Gate NOW_USDTshort0.0000%8h138.87+0.130%$253K$345K20x
Bitget NOWUSDT0.0000%8h138.83+0.101%$769K$254K20xas long as short
SunX NOW-USDT0.0000%8h138.92+0.166%$947$348K10xas long as short
HTX NOW-USDT0.0000%8h138.64−0.036%$5K$36K20xas long as short
Lighter NOW+0.0032%1h138.82+0.094%$5K$1715xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+0.800%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.82+0.094%25xas long as short
Aster NOWUSDT+0.0061%8h139.11+0.300%$41K$99520xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTMlong+0.0100%8h138.69long leg$319K$630K20x
Binance NOWUSDT+0.0211%8h138.91+0.159%$1.8M$1.4M20xas long as short
BloFin NOW-USDT+0.0215%8h138.99+0.216%$46K$18K20xas long as short
Bybit NOWUSDT+0.0235%8h138.86+0.123%$1.6M$1.5M25xas long as short
tradeXYZ xyz:NOW+0.0251%1h138.82+0.094%$2.1M$228K10xas long as short
GRVT NOW_USDT_Perp+0.0310%8h138.93+0.173%$374$143K10xas long as short