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

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRnext payment $0.21 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against BloFin−0.034%81s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.034% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NOW-USDT138.050.0212pay 0.0212% / 8h4h 37m$46K$17K20x
ShortBinance NOWUSDT138.000.0192get 0.0192% / 8h4h 37m$1.8M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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
−$4.34
Price spread: −0.034% → 0.000%
−$3.41
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$29.74
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell Binance live order book, 11 min ago1.09 bp15.6 bp −$1663.0 bp −$630doesn't fitdoesn't fit
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
QFEX NOW-USD0.0000%1h137.84−0.152%$1.1M$1.7M10xas long as short
Aster NOWUSDT0.0000%8h138.48+0.310%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.00−0.036%$492K$227K20xas long as short
Gate NOW_USDT0.0000%8h137.97−0.058%$248K$351K20xas long as short
Bitget NOWUSDT0.0000%8h137.92−0.094%$781K$234K20xas long as short
SunX NOW-USDT0.0000%8h137.98−0.051%$530$386K10xas long as short
HTX NOW-USDT0.0000%8h137.85−0.145%$5K$32K20xas long as short
Lighter NOW+0.0032%1h137.91−0.101%$5K$1785xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.268%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.85−0.145%25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h137.77−0.203%$317K$618K20xas long as short
Binance NOWUSDTshort+0.0192%8h138.00−0.034%$1.8M$1.4M20x
BloFin NOW-USDTlong+0.0212%8h138.05long leg$46K$17K20x
Bybit NOWUSDT+0.0255%8h138.09+0.029%$1.6M$4.3M25xas long as short
tradeXYZ xyz:NOW+0.0278%1h137.87−0.130%$2.1M$226K10xas long as short
GRVT NOW_USDT_Perp+0.0452%8h138.02−0.022%$552$149K10xas long as short