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

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0246%/8h= −27.0% APRpaid last 24h −0.048%
Price spread now: Binance against tradeXYZ+0.070%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$510.509% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.237%−$24 on $10k
Price spread, last 2 days (all we have)−0.019%−$2 · spread now +0.070%, 7d avg +0.056%
Together, before fees−0.256%+ Points / potential airdroptradeXYZ: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:NOW137.820.0246pay 0.0031% / 1h24m 05s$2.1M$200K10x
ShortBinance NOWUSDT137.920get 0.0000% / 8h1h 24m$1.6M$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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
−$51.75
Price spread: +0.070% → +0.056%
$1.43
Slippage, 4 orders
−$22.88
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Binance: 5 bp × 2 orders
−$10
Net
−$101.19
Costs to cover
0.509%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Binance: live order book, 9 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 tradeXYZ live order book, 4 min ago2.18 bp14.3 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 9 min ago1.81 bp10.3 bp −$1050.1 bp −$501doesn'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
BloFin NOW-USDT−0.0020%8h137.84+0.015%$45K$17K20xas long as short
Aster NOWUSDT0.0000%8h137.86+0.031%$41K$99520xas long as short
Binance NOWUSDTshort0.0000%8h137.92+0.070%$1.6M$1.3M20x
Bybit NOWUSDT0.0000%8h137.91+0.065%$1.5M$5.7M25xas long as short
OKX NOW-USDT-SWAP0.0000%8h137.87+0.036%$484K$196K20xas long as short
QFEX NOW-USD0.0000%1h137.80−0.015%$1.1M$2.1M10xas long as short
Gate NOW_USDT0.0000%8h137.81−0.007%$250K$405K20xas long as short
Bitget NOWUSDT0.0000%8h137.85+0.022%$762K$263K20xas long as short
GRVT NOW_USDT_Perp0.0000%8h137.820.000%$222$170K10xas long as short
SunX NOW-USDT0.0000%8h137.85+0.022%$751$439K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX NOW-USDT0.0000%8h137.87+0.036%$5K$26K20xas long as short
Lighter NOW+0.0032%1h137.81−0.007%$5K$1735xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.437%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.81−0.007%25xas long as short
KuCoin NOWUSDTM+0.0100%8h137.73−0.065%$317K$739K20xas long as short
tradeXYZ xyz:NOWlong+0.0246%1h137.82long leg$2.1M$200K10x