Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against OKX+0.145%57s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1681.684% of the position

Long on OKX 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)+0.008%+$1 · spread now +0.145%, 7d avg +0.055%

Together, before fees+0.008%+$1 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 0.090% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.055%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOW-USDT-SWAP	137.50	0	get 0.0000% / 8h	4h 05m	$480K	$210K	20x
Short	SunX NOW-USDT	137.70	0	get 0.0000% / 8h	4h 05m	$1K	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.055%: $9.03
Slippage, 4 orders: −$150.42
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$159.39
Costs to cover: 1.684%
Break-even: never at this rate

Slippage from OKX: live order book, 24 min ago; SunX: live order book, 20 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, 24 min ago	5.82 bp	21.5 bp −$21	1469.9 bp −$14.7K	doesn't fit	doesn't fit
Sell SunX live order book, 20 min ago	47.23 bp	65.9 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	−0.0012%	8h	137.39	−0.080%	$46K	$17K	20x	as long as short
Aster NOWUSDT	0.0000%	8h	137.65	+0.109%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.73	+0.166%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.61	+0.080%	$1.5M	$5.8M	25x	as long as short
OKX NOW-USDT-SWAPlong	0.0000%	8h	137.50	long leg	$480K	$210K	20x
QFEX NOW-USD	0.0000%	1h	137.63	+0.095%	$1.1M	$2.0M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.58	+0.058%	$249K	$412K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.68	+0.131%	$756K	$275K	20x	as long as short
GRVT NOW_USDT_Perp	0.0000%	8h	137.67	+0.124%	$622	$167K	10x	as long as short
SunX NOW-USDTshort	0.0000%	8h	137.70	+0.145%	$1K	$466K	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	137.78	+0.204%	$5K	$23K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.57	+0.051%	$5K	$262	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.673%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.59	+0.065%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.45	−0.036%	$316K	$794K	20x	as long as short
tradeXYZ xyz:NOW	+0.0200%	1h	137.69	+0.138%	$2.1M	$195K	10x	as long as short