Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate+0.085%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$282as in the Funding arb table

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2822.818% of the position

Long on Gate Short on SunX

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)+0.514%+$51 · spread now +0.085%, 7d avg +0.058%

Together, before fees+0.514%+$51 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: SunX is 0.027% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOW_USDT	140.93	0	get 0.0000% / 8h	7h 37m	$256K	$308K	20x
Short	SunX NOW-USDT	141.05	0	get 0.0000% / 8h	7h 37m	$1K	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.058%: $2.73
Slippage, 4 orders: −$258.77
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$279.04
Costs to cover: 2.818%
Break-even: never at this rate

Slippage from Gate: live order book, 58 min ago; SunX: live order book, 3 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, 58 min ago	25.47 bp	115.9 bp −$116	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	46.53 bp	65.5 bp −$66	doesn't fit	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
OKX NOW-USDT-SWAP	0.0000%	8h	140.90	−0.021%	$514K	$237K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	140.81	−0.085%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDTlong	0.0000%	8h	140.93	long leg	$256K	$308K	20x
Bitget NOWUSDT	0.0000%	8h	140.84	−0.064%	$788K	$259K	20x	as long as short
SunX NOW-USDTshort	0.0000%	8h	141.05	+0.085%	$1K	$305K	10x
HTX NOW-USDT	0.0000%	8h	141.14	+0.149%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.92	−0.007%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.802%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	140.91	−0.014%	—	—	25x	as long as short
Aster NOWUSDT	+0.0093%	8h	141.35	+0.301%	$42K	$859	20x	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	140.85	−0.057%	$316K	$664K	20x	as long as short
Binance NOWUSDT	+0.0178%	8h	141.07	+0.100%	$1.9M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0180%	8h	140.76	−0.121%	$46K	$18K	20x	as long as short
tradeXYZ xyz:NOW	+0.0321%	1h	140.93	0.000%	$2.1M	$236K	10x	as long as short
Bybit NOWUSDT	+0.0375%	8h	141.06	+0.092%	$1.6M	$294K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0546%	8h	140.92	−0.007%	$154	$136K	10x	as long as short