Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0319%/8h= +35.0% APRpaid last 24h +0.058%

Price spread now: tradeXYZ against Gate−0.043%7-day average −0.014% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.043%, 7d avg −0.014%

Together, before fees+0.285%+ Points / potential airdroptradeXYZ: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.029% cheaper against Gate than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.014%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.278% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOW_USDT	139.29	0	get 0.0000% / 8h	57m 16s	$253K	$345K	20x
Short	tradeXYZ xyz:NOW	139.23	0.0319	get 0.0040% / 1h	57m 16s	$2.1M	$238K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.043%Rate

Funding earned: $67.05
Price spread: −0.043% → −0.014%: −$2.91
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $31.14
Costs to cover: 0.330%
Break-even: 3.7 days

Slippage unknown: Gate: live order book, 43 min ago; tradeXYZ: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 43 min ago	19.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	3.23 bp	16.1 bp −$16	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	139.44	+0.108%	$496K	$243K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.16	−0.093%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDTlong	0.0000%	8h	139.29	long leg	$253K	$345K	20x
Bitget NOWUSDT	0.0000%	8h	139.27	−0.014%	$769K	$263K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.28	−0.007%	$1K	$335K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.47	+0.129%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.18	−0.079%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.366%	$3K	$101	12x	as long as short
Aster NOWUSDT	+0.0045%	8h	140.20	+0.652%	$42K	$859	20x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.21	−0.057%	—	—	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	139.24	−0.036%	$316K	$641K	20x	as long as short
BloFin NOW-USDT	+0.0124%	8h	139.32	+0.022%	$46K	$18K	20x	as long as short
Binance NOWUSDT	+0.0149%	8h	139.27	−0.014%	$1.8M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0155%	8h	139.38	+0.065%	$1.6M	$616K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0253%	8h	139.32	+0.020%	$294	$141K	10x	as long as short
tradeXYZ xyz:NOWshort	+0.0319%	1h	139.23	−0.043%	$2.1M	$238K	10x