Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against QFEX+0.203%7-day average +0.102% · 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−$142as in the Price arb table

costs, in and out, $10k−$1531.525% of the position

Long on QFEX Short on SunX

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)−0.004%$0 · spread now +0.203%, 7d avg +0.102%

Together, before fees−0.004%$0 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 0.101% dearer against QFEX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NOW-USD	137.85	0	get 0.0000% / 1h	41m 09s	$1.1M	$1.5M	10x
Short	SunX NOW-USDT	138.13	0	get 0.0000% / 8h	3h 41m	$1K	$379K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.203%Rate

Funding earned: $0
Price spread: +0.203% → +0.102%: $10.07
Slippage, 4 orders: −$134.53
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$142.46
Costs to cover: 1.525%
Break-even: never at this rate

Slippage from QFEX: live order book, 10 min ago; SunX: live order book, 40 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, 10 min ago	1.45 bp	12.5 bp −$12	21.7 bp −$217	doesn't fit	doesn't fit
Sell SunX live order book, 40 min ago	46.02 bp	64.8 bp −$65	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
Aster NOWUSDT	0.0000%	8h	138.77	+0.664%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.92	+0.051%	$491K	$226K	20x	as long as short
QFEX NOW-USDlong	0.0000%	1h	137.85	long leg	$1.1M	$1.5M	10x
Gate NOW_USDT	0.0000%	8h	138.02	+0.123%	$249K	$351K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.98	+0.094%	$786K	$237K	20x	as long as short
SunX NOW-USDTshort	0.0000%	8h	138.13	+0.203%	$1K	$379K	10x
HTX NOW-USDT	0.0000%	8h	138.01	+0.116%	$5K	$33K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.99	+0.102%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.415%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.86	+0.007%	—	—	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	+0.007%	$317K	$635K	20x	as long as short
Binance NOWUSDT	+0.0208%	8h	138.04	+0.138%	$1.8M	$1.4M	20x	as long as short
Bybit NOWUSDT	+0.0210%	8h	138.01	+0.116%	$1.6M	$3.2M	25x	as long as short
BloFin NOW-USDT	+0.0214%	8h	138.10	+0.181%	$46K	$17K	20x	as long as short
tradeXYZ xyz:NOW	+0.0355%	1h	137.91	+0.044%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0422%	8h	138.08	+0.167%	$355	$147K	10x	as long as short