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= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX+0.015%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1691.685% of the position

Long on SunX Short on Bitget

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)−0.246%−$25 · spread now +0.015%, 7d avg −0.044%

Together, before fees−0.246%−$25 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 0.059% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NOW-USDT	137.83	0	get 0.0000% / 8h	1h 06m	$1K	$438K	10x
Short	Bitget NOWUSDT	137.85	0	get 0.0000% / 8h	1h 06m	$762K	$259K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.044%: $5.87
Slippage, 4 orders: −$148.54
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$162.68
Costs to cover: 1.685%
Break-even: never at this rate

Slippage from SunX: live order book, 65 min ago; Bitget: live order book, 9 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 SunX live order book, 65 min ago	48.60 bp	66.7 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 9 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
BloFin NOW-USDT	−0.0010%	8h	137.87	+0.029%	$45K	$17K	20x	as long as short
Aster NOWUSDT	0.0000%	8h	137.84	+0.004%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.83	0.000%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.76	−0.051%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.029%	$484K	$196K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.74	−0.065%	$1.1M	$2.1M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.83	0.000%	$251K	$406K	20x	as long as short
Bitget NOWUSDTshort	0.0000%	8h	137.85	+0.015%	$762K	$259K	20x
GRVT NOW_USDT_Perp	0.0000%	8h	137.88	+0.035%	$211	$170K	10x	as long as short
SunX NOW-USDTlong	0.0000%	8h	137.83	long leg	$1K	$438K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.85	+0.015%	$5K	$26K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.82	−0.007%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.429%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.71	−0.087%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.70	−0.094%	$317K	$729K	20x	as long as short
tradeXYZ xyz:NOW	+0.0251%	1h	137.76	−0.051%	$2.1M	$200K	10x	as long as short