Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against QFEX+0.036%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$365as in the Price arb table

costs, in and out, $10k−$3723.720% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.036%, 7d avg −0.035%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.071% dearer against QFEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NOW-USD	139.30	0	get 0.0000% / 1h	12m 02s	$1.1M	$1.5M	10x
Short	KuCoin NOWUSDTM	139.35	0.0100	get 0.0100% / 8h	1h 12m	$316K	$637K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against QFEX. 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 QFEXbpFee KuCoinbpOrdersPrice spread, now +0.036%Rate

Funding earned: $21
Price spread: +0.036% → −0.035%: $7.12
Slippage, 4 orders: −$350.02
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$343.9
Costs to cover: 3.720%
Break-even: 121.6 days

Slippage from QFEX: live order book, 5 min ago; KuCoin: live order book, 42 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 QFEX live order book, 5 min ago	1.44 bp	10.3 bp −$10	18.7 bp −$187	doesn't fit	doesn't fit
Sell KuCoin live order book, 42 min ago	16.59 bp	109.7 bp −$110	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	139.57	+0.194%	$498K	$247K	20x	as long as short
QFEX NOW-USDlong	0.0000%	1h	139.30	long leg	$1.1M	$1.5M	10x
Gate NOW_USDT	0.0000%	8h	139.50	+0.144%	$253K	$349K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.33	+0.022%	$769K	$260K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.50	+0.144%	$963	$336K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.38	+0.057%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.35	+0.036%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.359%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.35	+0.036%	—	—	25x	as long as short
Aster NOWUSDT	+0.0055%	8h	140.38	+0.776%	$42K	$859	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTMshort	+0.0100%	8h	139.35	+0.036%	$316K	$637K	20x
tradeXYZ xyz:NOW	+0.0130%	1h	139.29	−0.007%	$2.1M	$238K	10x	as long as short
BloFin NOW-USDT	+0.0148%	8h	139.51	+0.151%	$46K	$18K	20x	as long as short
Bybit NOWUSDT	+0.0157%	8h	139.47	+0.122%	$1.6M	$807K	25x	as long as short
Binance NOWUSDT	+0.0172%	8h	139.47	+0.120%	$1.8M	$1.5M	20x	as long as short
GRVT NOW_USDT_Perp	+0.0266%	8h	139.48	+0.129%	$317	$142K	10x	as long as short