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

NOW

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.058%
Price spread now: Bitget against tradeXYZ+0.007%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$970.973% of the position
Long on tradeXYZShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.278%−$28 on $10k
Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.007%, 7d avg +0.026%
Together, before fees−0.274%+ Points / potential airdroptradeXYZ: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:NOW138.940.0199pay 0.0025% / 1h27m 26s$2.1M$228K10x
ShortBitget NOWUSDT138.950get 0.0000% / 8h1h 27m$769K$255K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
−$41.79
Price spread: +0.007% → +0.026%
−$1.86
Slippage, 4 orders
−$67.31
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$140.96
Costs to cover
0.973%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; Bitget: live order book, 13 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, 10 min ago3.24 bp25.4 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 13 min ago5.03 bp34.9 bp −$3550.9 bp −$509doesn'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
OKX NOW-USDT-SWAP0.0000%8h138.89−0.036%$496K$231K20xas long as short
QFEX NOW-USD0.0000%1h138.940.000%$1.1M$1.5M10xas long as short
Gate NOW_USDT0.0000%8h139.00+0.043%$253K$347K20xas long as short
Bitget NOWUSDTshort0.0000%8h138.95+0.007%$769K$255K20x
SunX NOW-USDT0.0000%8h138.99+0.036%$995$344K10xas long as short
HTX NOW-USDT0.0000%8h138.86−0.058%$5K$36K20xas long as short
Lighter NOW+0.0032%1h138.93−0.007%$5K$1715xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+0.619%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.98+0.029%——25xas long as short
Aster NOWUSDT+0.0051%8h139.35+0.293%$41K$99520xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h138.90−0.029%$316K$637K20xas long as short
Binance NOWUSDT+0.0177%8h139.03+0.065%$1.8M$1.5M20xas long as short
Bybit NOWUSDT+0.0180%8h139.08+0.101%$1.6M$1.1M25xas long as short
BloFin NOW-USDT+0.0189%8h139.02+0.058%$46K$18K20xas long as short
tradeXYZ xyz:NOWlong+0.0199%1h138.94long leg$2.1M$228K10x
GRVT NOW_USDT_Perp+0.0276%8h139.02+0.060%$350$143K10xas long as short