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: SunX against HTX+0.014%7-day average — · you sell dearer than you buy

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

Long on HTX Short on SunX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NOW-USDT	138.11	0	get 0.0000% / 8h	3h 42m	$5K	$33K	20x
Short	SunX NOW-USDT	138.13	0	get 0.0000% / 8h	3h 42m	$1K	$379K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee HTXbpFee SunXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → 0.000%: $1.45
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$18.55
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; SunX: live order book, 38 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 HTX no order-book sample	—	—	—	—	—
Sell SunX live order book, 38 min ago	46.02 bp	64.8 bp −$65	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NOWUSDT	0.0000%	8h	138.59	+0.348%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.92	−0.138%	$491K	$226K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.86	−0.181%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.99	−0.087%	$249K	$351K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.00	−0.080%	$781K	$235K	20x	as long as short
SunX NOW-USDTshort	0.0000%	8h	138.13	+0.014%	$1K	$379K	10x
HTX NOW-USDTlong	0.0000%	8h	138.11	long leg	$5K	$33K	20x
Lighter NOW	+0.0032%	1h	138.01	−0.072%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.224%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.88	−0.167%	—	—	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	137.86	−0.181%	$318K	$634K	20x	as long as short
Binance NOWUSDT	+0.0206%	8h	138.06	−0.036%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0209%	8h	138.09	−0.014%	$46K	$17K	20x	as long as short
Bybit NOWUSDT	+0.0210%	8h	138.03	−0.058%	$1.6M	$3.2M	25x	as long as short
tradeXYZ xyz:NOW	+0.0371%	1h	137.91	−0.145%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0422%	8h	138.08	−0.021%	$355	$147K	10x	as long as short