Settings8H · net · $10k
Funding arb · Price arb /

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0323%/8h= +35.3% APRpaid last 24h +0.047%
Price spread now: tradeXYZ against SunX−0.072%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$244as in the Price arb table
costs, in and out, $10k−$2442.437% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.270%+$27 on $10k
Price spread, last 3 days (all we have)−0.107%−$11 · spread now −0.072%, 7d avg −0.070%
Together, before fees+0.163%+ Points / potential airdroptradeXYZ: Active · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.070%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NOW-USDT138.020get 0.0000% / 8h6h 39m$1K$407K10x
ShorttradeXYZ xyz:NOW137.920.0323get 0.0040% / 1h39m 23s$2.1M$229K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$67.78
Price spread: −0.072% → −0.070%
−$0.29
Slippage, 4 orders
−$217.71
Fee SunX: 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$176.21
Costs to cover
2.437%
Break-even
25.2 days
Slippage from SunX: live order book, 1 min ago; tradeXYZ: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 1 min ago81.14 bp99.4 bp −$99doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 8 min ago3.26 bp16.3 bp −$16doesn't fitdoesn't fitdoesn't fit

NOW on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NOWUSDT0.0000%8h138.41+0.283%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.08+0.043%$486K$225K20xas long as short
QFEX NOW-USD0.0000%1h137.87−0.109%$1.1M$2.0M10xas long as short
Gate NOW_USDT0.0000%8h138.00−0.014%$245K$370K20xas long as short
Bitget NOWUSDT0.0000%8h137.97−0.036%$781K$232K20xas long as short
SunX NOW-USDTlong0.0000%8h138.02long leg$1K$407K10x
HTX NOW-USDT0.0000%8h138.07+0.036%$5K$29K20xas long as short
Lighter NOW+0.0032%1h137.97−0.036%$5K$1735xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.290%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.89−0.094%25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NOWUSDT+0.0099%8h138.03+0.011%$1.8M$1.5M20xas long as short
KuCoin NOWUSDTM+0.0100%8h137.81−0.152%$316K$651K20xas long as short
Bybit NOWUSDT+0.0109%8h137.99−0.022%$1.5M$5.7M25xas long as short
BloFin NOW-USDT+0.0110%8h138.12+0.072%$46K$17K20xas long as short
tradeXYZ xyz:NOWshort+0.0323%1h137.92−0.072%$2.1M$229K10x
GRVT NOW_USDT_Perp+0.0554%8h138.07+0.036%$587$155K10xas long as short