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Funding arb · Price arb /

NOW

RWAall NOW markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0211%/8h= +23.1% APRnext payment +$2.11 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against HTX−0.036%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on HTXShort on Bybit
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 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.036% cheaper against HTX than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NOW-USDT138.170get 0.0000% / 8h3h 47m$5K$33K20x
ShortBybit NOWUSDT138.120.0211get 0.0211% / 8h3h 47m$1.6M$3.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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
$44.22
Price spread: −0.036% → 0.000%
−$3.62
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$17.6
Costs to cover
0.230%
Break-even
4.2 days
Slippage unknown: HTX: 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 HTX no order-book sample—————
Sell Bybit live order book, 5 min ago3.26 bp40.6 bp −$41164.5 bp −$1,645doesn't fitdoesn't fit
HTX: 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
Aster NOWUSDT0.0000%8h138.56+0.282%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h137.92−0.181%$491K$226K20xas long as short
QFEX NOW-USD0.0000%1h137.87−0.217%$1.1M$1.5M10xas long as short
Gate NOW_USDT0.0000%8h138.14−0.022%$249K$348K20xas long as short
Bitget NOWUSDT0.0000%8h137.98−0.138%$781K$235K20xas long as short
SunX NOW-USDT0.0000%8h138.13−0.029%$801$381K10xas long as short
HTX NOW-USDTlong0.0000%8h138.17long leg$5K$33K20x
Lighter NOW+0.0032%1h138.07−0.072%$5K$1845xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.180%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.89−0.203%——25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h137.88−0.210%$317K$635K20xas long as short
BloFin NOW-USDT+0.0179%8h138.16−0.007%$46K$17K20xas long as short
Binance NOWUSDT+0.0201%8h138.14−0.022%$1.8M$1.4M20xas long as short
Bybit NOWUSDTshort+0.0211%8h138.12−0.036%$1.6M$3.3M25x
GRVT NOW_USDT_Perp+0.0404%8h138.07−0.069%$360$147K10xas long as short
tradeXYZ xyz:NOW+0.0424%1h137.97−0.145%$2.1M$226K10xas long as short