Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate+0.036%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$398as in the Funding arb table

Net, price: spread back to 7d avg − costs−$395as in the Price arb table

costs, in and out, $10k−$3983.976% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now +0.036%, 7d avg +0.013%

Together, before fees+0.125%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.024% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOW_USDT	137.99	0	get 0.0000% / 8h	5h 01m	$248K	$372K	20x
Short	OKX NOW-USDT-SWAP	138.04	0	get 0.0000% / 8h	5h 01m	$492K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.013%: $2.37
Slippage, 4 orders: −$372.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$395.24
Costs to cover: 3.976%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; OKX: live order book, 59 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 Gate live order book, 59 min ago	21.01 bp	158.1 bp −$158	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 59 min ago	9.43 bp	17.6 bp −$18	1144.3 bp −$11.4K	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
Aster NOWUSDT	0.0000%	8h	138.71	+0.519%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAPshort	0.0000%	8h	138.04	+0.036%	$492K	$232K	20x
QFEX NOW-USD	0.0000%	1h	137.86	−0.094%	$1.1M	$1.8M	10x	as long as short
Gate NOW_USDTlong	0.0000%	8h	137.99	long leg	$248K	$372K	20x
Bitget NOWUSDT	0.0000%	8h	137.96	−0.022%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.99	0.000%	$552	$386K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.13	+0.101%	$5K	$31K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.91	−0.058%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.312%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.89	−0.072%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	137.81	−0.130%	$318K	$628K	20x	as long as short
Bybit NOWUSDT	+0.0165%	8h	137.94	−0.036%	$1.6M	$4.8M	25x	as long as short
BloFin NOW-USDT	+0.0188%	8h	137.98	−0.007%	$229	$17K	20x	as long as short
Binance NOWUSDT	+0.0199%	8h	138.03	+0.029%	$1.8M	$1.4M	20x	as long as short
tradeXYZ xyz:NOW	+0.0335%	1h	137.87	−0.087%	$2.1M	$229K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0500%	8h	137.97	−0.012%	$570	$150K	10x	as long as short