Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0296%/8h= −32.4% APRpaid last 24h −0.031%

Price spread now: KuCoin against tradeXYZ+0.043%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6,025as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5,992as in the Price arb table

costs, in and out, $10k−$6,00360.030% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.216%−$22 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now +0.043%, 7d avg −0.064%

Together, before fees−0.112%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.107% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.064%): +$11 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.216% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOW	140.97	0.0396	pay 0.0050% / 1h	19m 50s	$2.1M	$236K	10x
Short	KuCoin NOWUSDTM	141.03	0.0100	get 0.0100% / 8h	7h 19m	$318K	$679K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee tradeXYZbpFee KuCoinbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$62.18
Price spread: +0.043% → −0.064%: $10.69
Slippage, 4 orders: −$5,973
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$6,054.49
Costs to cover: 60.030%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; KuCoin: live order book, 14 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 tradeXYZ live order book, 8 min ago	2.48 bp	14.0 bp −$14	29.7 bp −$297	doesn't fit	doesn't fit
Sell KuCoin live order book, 14 min ago	9.57 bp	285.9 bp −$286	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	141.14	+0.121%	$518K	$241K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	140.81	−0.113%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	141.05	+0.057%	$257K	$318K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	141.09	+0.085%	$823K	$277K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	141.05	+0.057%	$1K	$297K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	140.83	−0.099%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.98	+0.007%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.830%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	140.94	−0.021%	—	—	25x	as long as short
KuCoin NOWUSDTMshort	+0.0100%	8h	141.03	+0.043%	$318K	$679K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NOWUSDT	+0.0109%	8h	141.41	+0.312%	$42K	$859	20x	as long as short
BloFin NOW-USDT	+0.0175%	8h	141.15	+0.128%	$46K	$19K	20x	as long as short
Binance NOWUSDT	+0.0198%	8h	141.11	+0.099%	$1.9M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0317%	8h	141.10	+0.092%	$1.6M	$292K	25x	as long as short
tradeXYZ xyz:NOWlong	+0.0396%	1h	140.97	long leg	$2.1M	$236K	10x
GRVT NOW_USDT_Perp	+0.0691%	8h	141.07	+0.072%	$142	$136K	10x	as long as short