Settings8H · net · $10k
Funding arb · Price arb /

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.6% APRnext payment +$0.79 per $10,000 · paid last 24h −0.036%
Price spread now: BloFin against KuCoin+0.152%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.152% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NOWUSDTM137.830.0100pay 0.0100% / 8h4h 34m$317K$619K20x
ShortBloFin NOW-USDT138.040.0179get 0.0179% / 8h4h 34m$46K$17K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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
$16.58
Price spread: +0.152% → 0.000%
$15.24
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$7.81
Costs to cover
0.240%
Break-even
3.7 days
Slippage unknown: KuCoin: live order book, 49 min ago; BloFin: no order-book sample. 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 KuCoin live order book, 49 min ago10.54 bp5889.1 bp −$5,889doesn't fitdoesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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
QFEX NOW-USD0.0000%1h137.81−0.015%$1.1M$1.7M10xas long as short
Aster NOWUSDT0.0000%8h138.12+0.211%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.00+0.123%$492K$227K20xas long as short
Gate NOW_USDT0.0000%8h137.93+0.073%$248K$351K20xas long as short
Bitget NOWUSDT0.0000%8h137.91+0.058%$781K$234K20xas long as short
SunX NOW-USDT0.0000%8h137.97+0.102%$553$385K10xas long as short
HTX NOW-USDT0.0000%8h138.08+0.181%$5K$32K20xas long as short
Lighter NOW+0.0032%1h137.91+0.058%$5K$1785xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.429%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.82−0.007%25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTMlong+0.0100%8h137.83long leg$317K$619K20x
BloFin NOW-USDTshort+0.0179%8h138.04+0.152%$46K$17K20x
Binance NOWUSDT+0.0184%8h137.98+0.107%$1.8M$1.4M20xas long as short
Bybit NOWUSDT+0.0259%8h138.04+0.152%$1.6M$4.3M25xas long as short
tradeXYZ xyz:NOW+0.0278%1h137.89+0.044%$2.1M$226K10xas long as short
GRVT NOW_USDT_Perp+0.0438%8h138.02+0.138%$552$149K10xas long as short