Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against QFEX+0.092%7-day average +0.045% · you sell dearer than you buy

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

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.092%, 7d avg +0.045%

Together, before fees−0.033%−$3 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: Gate is 0.048% dearer against QFEX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NOW-USD	140.88	0	get 0.0000% / 1h	21m 29s	$1.1M	$1.4M	10x
Short	Gate NOW_USDT	141.01	0	get 0.0000% / 8h	7h 21m	$257K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.045%: $4.78
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.22
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 10 min ago; Gate: live order book, 9 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 QFEX live order book, 10 min ago	2.13 bp	19.9 bp −$20	25.5 bp −$255	doesn't fit	doesn't fit
Sell Gate live order book, 9 min ago	23.41 bp	99.5 bp −$100	doesn't fit	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
OKX NOW-USDT-SWAP	0.0000%	8h	141.14	+0.185%	$518K	$241K	20x	as long as short
QFEX NOW-USDlong	0.0000%	1h	140.88	long leg	$1.1M	$1.4M	10x
Gate NOW_USDTshort	0.0000%	8h	141.01	+0.092%	$257K	$316K	20x
Bitget NOWUSDT	0.0000%	8h	140.95	+0.050%	$791K	$263K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	141.05	+0.121%	$1K	$297K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	140.83	−0.035%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.99	+0.078%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.767%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	140.99	+0.078%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	141.02	+0.099%	$318K	$677K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NOWUSDT	+0.0112%	8h	141.41	+0.376%	$42K	$859	20x	as long as short
BloFin NOW-USDT	+0.0186%	8h	141.15	+0.192%	$46K	$19K	20x	as long as short
Binance NOWUSDT	+0.0201%	8h	141.05	+0.122%	$1.9M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0299%	8h	141.07	+0.135%	$1.6M	$299K	25x	as long as short
tradeXYZ xyz:NOW	+0.0392%	1h	141.03	+0.106%	$2.1M	$236K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0691%	8h	141.07	+0.136%	$142	$136K	10x	as long as short