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+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against BloFin−0.043%7-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
Funding pays, the price is against you. Bybit is 0.043% cheaper against BloFin than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 8.0 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NOW-USDT139.120.0184pay 0.0184% / 8h1h 41m$46K$18K20x
ShortBybit NOWUSDT139.060.0202get 0.0202% / 8h1h 41m$1.6M$1.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$3.78
Price spread: −0.043% → 0.000%
−$4.31
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$23.53
Costs to cover
0.230%
Break-even
50.6 days
Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago3.24 bp40.3 bp −$40170.9 bp −$1,709doesn'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
OKX NOW-USDT-SWAP0.0000%8h138.89−0.165%$496K$232K20xas long as short
QFEX NOW-USD0.0000%1h138.92−0.144%$1.1M$1.4M10xas long as short
Gate NOW_USDT0.0000%8h139.00−0.086%$253K$346K20xas long as short
Bitget NOWUSDT0.0000%8h139.00−0.086%$770K$255K20xas long as short
SunX NOW-USDT0.0000%8h139.04−0.058%$964$349K10xas long as short
HTX NOW-USDT0.0000%8h139.06−0.043%$5K$36K20xas long as short
Lighter NOW+0.0032%1h138.99−0.093%$5K$1715xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+0.489%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.96−0.115%25xas long as short
Aster NOWUSDT+0.0070%8h139.43+0.226%$41K$99520xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h138.89−0.165%$321K$630K20xas long as short
tradeXYZ xyz:NOW+0.0181%1h138.96−0.115%$2.1M$228K10xas long as short
BloFin NOW-USDTlong+0.0184%8h139.12long leg$46K$18K20x
Bybit NOWUSDTshort+0.0202%8h139.06−0.043%$1.6M$1.3M25x
Binance NOWUSDT+0.0209%8h139.01−0.079%$1.8M$1.5M20xas long as short
GRVT NOW_USDT_Perp+0.0308%8h139.03−0.064%$361$143K10xas long as short