Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX−0.107%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.107%, 7d avg −0.002%

Together, before fees−0.055%−$5 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: Bitget is 0.105% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOW-USDT-SWAP	140.58	0	get 0.0000% / 8h	7h 13m	$516K	$240K	20x
Short	Bitget NOWUSDT	140.43	0	get 0.0000% / 8h	7h 13m	$819K	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.002%: −$10.46
Slippage, 4 orders: −$64.64
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$97.1
Costs to cover: 0.866%
Break-even: never at this rate

Slippage from OKX: live order book, 17 min ago; Bitget: live order book, 17 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 OKX live order book, 17 min ago	5.32 bp	13.0 bp −$13	768.0 bp −$7,680	doesn't fit	doesn't fit
Sell Bitget live order book, 17 min ago	5.32 bp	15.9 bp −$16	56.6 bp −$566	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-SWAPlong	0.0000%	8h	140.58	long leg	$516K	$240K	20x
QFEX NOW-USD	0.0000%	1h	140.46	−0.085%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	140.38	−0.142%	$246K	$346K	20x	as long as short
Bitget NOWUSDTshort	0.0000%	8h	140.43	−0.107%	$819K	$280K	20x
SunX NOW-USDT	0.0000%	8h	140.53	−0.036%	$1K	$297K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	140.36	−0.156%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.41	−0.121%	$5K	$308	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.555%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	140.65	+0.050%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	140.41	−0.121%	$316K	$685K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NOWUSDT	+0.0101%	8h	140.60	+0.017%	$42K	$859	20x	as long as short
Binance NOWUSDT	+0.0186%	8h	140.48	−0.071%	$1.9M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0216%	8h	140.78	+0.142%	$46K	$19K	20x	as long as short
Bybit NOWUSDT	+0.0231%	8h	140.43	−0.107%	$1.6M	$292K	25x	as long as short
tradeXYZ xyz:NOW	+0.0396%	1h	140.42	−0.114%	$2.1M	$242K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0596%	8h	141.02	+0.313%	$126	$136K	10x	as long as short