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−0.0068%/8h= −7.4% APRnext payment $0.68 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.029%7-day average −0.048% · you sell dearer than you buy
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 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.029%, 7d avg −0.048%
Together, before fees−0.050%−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.077% dearer against Bybit than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.048%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 7 days (−0.001% in total) that is about years.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NOWUSDT138.170.0068pay 0.0068% / 8h7h 02m$1.5M$5.7M25x
ShortGate NOW_USDT138.210get 0.0000% / 8h7h 02m$245K$381K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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
−$14.21
Price spread: +0.029% → −0.048%
$7.74
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$32.48
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 5 min ago; Gate: live order book, 3 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 Bybit live order book, 5 min ago6.86 bp86.0 bp −$86172.1 bp −$1,721doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago12.65 bp85.5 bp −$86doesn't fitdoesn'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%8h138.37+0.145%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.26+0.065%$499K$212K20xas long as short
QFEX NOW-USD0.0000%1h137.94−0.166%$1.1M$2.1M10xas long as short
Gate NOW_USDTshort0.0000%8h138.21+0.029%$245K$381K20x
Bitget NOWUSDT0.0000%8h138.19+0.014%$781K$240K20xas long as short
SunX NOW-USDT0.0000%8h138.18+0.007%$959$410K10xas long as short
HTX NOW-USDT0.0000%8h138.21+0.029%$5K$29K20xas long as short
Lighter NOW+0.0032%1h138.08−0.065%$5K$1735xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.180%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.01−0.116%25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NOWUSDTlong+0.0068%8h138.17long leg$1.5M$5.7M25x
BloFin NOW-USDT+0.0087%8h138.37+0.145%$45K$17K20xas long as short
KuCoin NOWUSDTM+0.0100%8h138.06−0.080%$317K$657K20xas long as short
Binance NOWUSDT+0.0104%8h138.22+0.036%$1.8M$1.5M20xas long as short
tradeXYZ xyz:NOW+0.0246%1h138.02−0.109%$2.1M$231K10xas long as short
GRVT NOW_USDT_Perp+0.1005%8h138.40+0.165%$228$157K10xas long as short