Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= +0.1% APRpaid last 24h 0.000%

Price spread now: Bitget against QFEX+0.116%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.116%, 7d avg +0.055%

Together, before fees−0.076%−$8 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: Bitget is 0.061% dearer against QFEX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NOW-USD	137.71	0.0000	get 0.0000% / 1h	43m 31s	$1.1M	$2.1M	10x
Short	Bitget NOWUSDT	137.87	0	get 0.0000% / 8h	43m 31s	$762K	$274K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0.1
Price spread: +0.116% → +0.055%: $6.1
Slippage, 4 orders: −$34.89
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$50.69
Costs to cover: 0.569%
Break-even: 3527.5 days

Slippage from QFEX: live order book, 4 min ago; Bitget: live order book, 32 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 QFEX live order book, 4 min ago	2.18 bp	11.5 bp −$12	16.4 bp −$164	doesn't fit	doesn't fit
Sell Bitget live order book, 32 min ago	2.54 bp	20.2 bp −$20	58.0 bp −$580	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
QFEX NOW-USDlong	0.0000%	1h	137.71	long leg	$1.1M	$2.1M	10x
Aster NOWUSDT	0.0000%	8h	137.89	+0.129%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.91	+0.145%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.89	+0.131%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.116%	$484K	$196K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.88	+0.123%	$251K	$396K	20x	as long as short
Bitget NOWUSDTshort	0.0000%	8h	137.87	+0.116%	$762K	$274K	20x
GRVT NOW_USDT_Perp	0.0000%	8h	137.89	+0.129%	$582	$168K	10x	as long as short
SunX NOW-USDT	0.0000%	8h	137.92	+0.152%	$874	$436K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.88	+0.123%	$5K	$27K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin NOW-USDT	+0.0011%	8h	137.91	+0.145%	$45K	$17K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.84	+0.094%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.518%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.73	+0.015%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.70	−0.007%	$317K	$709K	20x	as long as short
tradeXYZ xyz:NOW	+0.0269%	1h	137.84	+0.094%	$2.1M	$201K	10x	as long as short