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: Gate against SunX0.000%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$2052.052% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.239%−$24 · spread now 0.000%, 7d avg −0.060%

Together, before fees−0.239%−$24 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 0.060% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NOW-USDT	138.43	0	get 0.0000% / 8h	2h 49m	$678	$367K	10x
Short	Gate NOW_USDT	138.43	0	get 0.0000% / 8h	2h 49m	$252K	$346K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.060%: $5.97
Slippage, 4 orders: −$182.25
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$199.28
Costs to cover: 2.052%
Break-even: never at this rate

Slippage from SunX: live order book, 21 min ago; Gate: live order book, 61 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, 21 min ago	45.94 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 61 min ago	24.61 bp	38.3 bp −$38	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	138.58	+0.108%	$494K	$230K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.22	−0.152%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDTshort	0.0000%	8h	138.43	0.000%	$252K	$346K	20x
Bitget NOWUSDT	0.0000%	8h	138.38	−0.036%	$767K	$254K	20x	as long as short
SunX NOW-USDTlong	0.0000%	8h	138.43	long leg	$678	$367K	10x
HTX NOW-USDT	0.0000%	8h	138.57	+0.101%	$5K	$34K	20x	as long as short
Aster NOWUSDT	+0.0021%	8h	138.66	+0.164%	$41K	$995	20x	as long as short
Lighter NOW	+0.0032%	1h	138.34	−0.065%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.990%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.26	−0.123%	—	—	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	138.19	−0.173%	$317K	$632K	20x	as long as short
Binance NOWUSDT	+0.0207%	8h	138.47	+0.029%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0211%	8h	138.52	+0.065%	$46K	$17K	20x	as long as short
Bybit NOWUSDT	+0.0227%	8h	138.51	+0.058%	$1.6M	$2.4M	25x	as long as short
tradeXYZ xyz:NOW	+0.0255%	1h	138.34	−0.065%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0352%	8h	138.44	+0.007%	$226	$146K	10x	as long as short