Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX−0.100%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1611.613% of the position

Long on SunX 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)−0.067%−$7 · spread now −0.100%, 7d avg −0.044%

Together, before fees−0.067%−$7 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 0.056% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NOW-USDT	139.53	0	get 0.0000% / 8h	1m 14s	$1K	$325K	10x
Short	Bitget NOWUSDT	139.39	0	get 0.0000% / 8h	1m 14s	$772K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.044%: −$5.63
Slippage, 4 orders: −$141.27
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$166.9
Costs to cover: 1.613%
Break-even: never at this rate

Slippage from SunX: live order book, 49 min ago; Bitget: live order book, 34 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 SunX live order book, 49 min ago	45.55 bp	64.1 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 34 min ago	6.46 bp	14.5 bp −$14	40.2 bp −$402	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	139.32	−0.151%	$507K	$252K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.32	−0.151%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.48	−0.036%	$253K	$348K	20x	as long as short
Bitget NOWUSDTshort	0.0000%	8h	139.39	−0.100%	$772K	$264K	20x
SunX NOW-USDTlong	0.0000%	8h	139.53	long leg	$1K	$325K	10x
HTX NOW-USDT	0.0000%	8h	139.29	−0.172%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.44	−0.065%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.194%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.31	−0.158%	—	—	25x	as long as short
Aster NOWUSDT	+0.0072%	8h	139.74	+0.148%	$41K	$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 NOWUSDTM	+0.0100%	8h	139.47	−0.043%	$318K	$656K	20x	as long as short
BloFin NOW-USDT	+0.0143%	8h	139.50	−0.022%	$46K	$18K	20x	as long as short
Binance NOWUSDT	+0.0150%	8h	139.50	−0.024%	$1.8M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0176%	8h	139.49	−0.029%	$1.6M	$293K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0282%	8h	139.57	+0.027%	$193	$139K	10x	as long as short
tradeXYZ xyz:NOW	+0.0331%	1h	139.41	−0.086%	$2.1M	$236K	10x	as long as short