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 OKX+0.080%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$230as in the Price arb table

costs, in and out, $10k−$2332.334% of the position

Long on OKX 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 3 days (all we have)+0.074%+$7 · spread now +0.080%, 7d avg +0.047%

Together, before fees+0.074%+$7 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 0.032% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOW-USDT-SWAP	137.94	0	get 0.0000% / 8h	6h 13m	$488K	$227K	20x
Short	SunX NOW-USDT	138.05	0	get 0.0000% / 8h	6h 13m	$947	$401K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.047%: $3.23
Slippage, 4 orders: −$215.42
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$230.19
Costs to cover: 2.334%
Break-even: never at this rate

Slippage from OKX: live order book, 52 min ago; SunX: live order book, 27 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 OKX live order book, 52 min ago	0.36 bp	8.5 bp −$8	1192.9 bp −$11.9K	doesn't fit	doesn't fit
Sell SunX live order book, 27 min ago	81.14 bp	100.3 bp −$100	doesn't fit	doesn't fit	doesn't fit

NOW on 15 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	138.82	+0.635%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAPlong	0.0000%	8h	137.94	long leg	$488K	$227K	20x
QFEX NOW-USD	0.0000%	1h	137.83	−0.080%	$1.1M	$1.9M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.01	+0.051%	$245K	$372K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.95	+0.007%	$781K	$234K	20x	as long as short
SunX NOW-USDTshort	0.0000%	8h	138.05	+0.080%	$947	$401K	10x
HTX NOW-USDT	0.0000%	8h	138.04	+0.072%	$5K	$29K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.91	−0.022%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.348%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.83	−0.080%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	137.85	−0.065%	$316K	$658K	20x	as long as short
Binance NOWUSDT	+0.0146%	8h	138.03	+0.063%	$1.8M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0169%	8h	138.01	+0.051%	$1.6M	$5.1M	25x	as long as short
tradeXYZ xyz:NOW	+0.0334%	1h	137.84	−0.072%	$2.1M	$229K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0543%	8h	137.96	+0.016%	$305	$152K	10x	as long as short