Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.027%

Price spread now: tradeXYZ against KuCoin+0.029%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6,650as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6,676as in the Price arb table

costs, in and out, $10k−$6,67266.718% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.029%, 7d avg +0.066%

Together, before fees+0.168%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.037% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.066%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOWUSDTM	138.79	0.0100	pay 0.0100% / 8h	2h 09m	$320K	$630K	20x
Short	tradeXYZ xyz:NOW	138.83	0.0239	get 0.0030% / 1h	9m 12s	$2.1M	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee KuCoinbpFee tradeXYZbpOrdersPrice spread, now +0.029%Rate

Funding earned: $29.11
Price spread: +0.029% → +0.066%: −$3.74
Slippage, 4 orders: −$6,641.83
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$6,646.47
Costs to cover: 66.718%
Break-even: 1605.3 days

Slippage from KuCoin: live order book, 50 min ago; tradeXYZ: live order book, 9 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 KuCoin live order book, 50 min ago	9.40 bp	6463.9 bp −$6,464	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	4.69 bp	21.9 bp −$22	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
OKX NOW-USDT-SWAP	0.0000%	8h	138.85	+0.043%	$495K	$232K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.79	0.000%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.92	+0.094%	$253K	$350K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.71	−0.058%	$769K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.92	+0.094%	$1K	$355K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.98	+0.137%	$5K	$35K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.81	+0.014%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.728%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.84	+0.036%	—	—	25x	as long as short
Aster NOWUSDT	+0.0050%	8h	139.32	+0.384%	$41K	$995	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTMlong	+0.0100%	8h	138.79	long leg	$320K	$630K	20x
BloFin NOW-USDT	+0.0202%	8h	138.89	+0.072%	$46K	$18K	20x	as long as short
Binance NOWUSDT	+0.0210%	8h	138.93	+0.101%	$1.8M	$1.5M	20x	as long as short
tradeXYZ xyz:NOWshort	+0.0239%	1h	138.83	+0.029%	$2.1M	$227K	10x
Bybit NOWUSDT	+0.0242%	8h	138.96	+0.122%	$1.6M	$1.7M	25x	as long as short
GRVT NOW_USDT_Perp	+0.0321%	8h	138.93	+0.101%	$604	$144K	10x	as long as short