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

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget+0.007%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1611.612% of the position
Long on BitgetShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.007%, 7d avg +0.034%
Together, before fees+0.039%+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.027% cheaper against Bitget than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.034%). If the spread goes back, that is −$3 on $10k: about 4.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.001% in total) that is about 10 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NOWUSDT138.410get 0.0000% / 8h7h 27m$771K$243K20x
ShortBybit NOWUSDT138.420.0021get 0.0021% / 8h7h 27m$1.5M$5.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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
$4.32
Price spread: +0.007% → +0.034%
−$2.7
Slippage, 4 orders
−$138.19
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$159.57
Costs to cover
1.612%
Break-even
265.6 days
Slippage from Bitget: live order book, 43 min ago; Bybit: live order book, 5 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 Bitget live order book, 43 min ago1.81 bp16.4 bp −$1626.5 bp −$265doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago3.61 bp58.7 bp −$59166.6 bp −$1,666doesn'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%8h138.66+0.180%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.44+0.022%$500K$210K20xas long as short
QFEX NOW-USD0.0000%1h138.24−0.123%$1.1M$2.1M10xas long as short
Gate NOW_USDT0.0000%8h138.37−0.029%$246K$377K20xas long as short
Bitget NOWUSDTlong0.0000%8h138.41long leg$771K$243K20x
SunX NOW-USDT0.0000%8h138.60+0.137%$815$427K10xas long as short
HTX NOW-USDT0.0000%8h138.55+0.101%$5K$28K20xas long as short
BloFin NOW-USDT+0.0017%8h138.58+0.123%$46K$17K20xas long as short
Binance NOWUSDT+0.0018%8h138.45+0.029%$1.8M$1.5M20xas long as short
Bybit NOWUSDTshort+0.0021%8h138.42+0.007%$1.5M$5.7M25x
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter NOW+0.0032%1h138.410.000%$5K$1735xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.004%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.28−0.094%——25xas long as short
KuCoin NOWUSDTM+0.0100%8h138.28−0.094%$317K$663K20xas long as short
tradeXYZ xyz:NOW+0.0217%1h138.35−0.043%$2.1M$232K10xas long as short
GRVT NOW_USDT_Perp+0.0648%8h138.51+0.070%$256$163K10xas long as short