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: OKX against SunX−0.108%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1791.795% of the position

Long on SunX Short on OKX

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)−0.047%−$5 · spread now −0.108%, 7d avg −0.047%

Together, before fees−0.047%−$5 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: OKX is 0.061% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NOW-USDT	139.04	0	get 0.0000% / 8h	1h 38m	$964	$349K	10x
Short	OKX NOW-USDT-SWAP	138.89	0	get 0.0000% / 8h	1h 38m	$496K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.108%Rate

Funding earned: $0
Price spread: −0.108% → −0.047%: −$6.11
Slippage, 4 orders: −$161.47
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$185.57
Costs to cover: 1.795%
Break-even: never at this rate

Slippage from SunX: live order book, 22 min ago; OKX: live order book, 2 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, 22 min ago	46.06 bp	64.4 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	10.43 bp	18.6 bp −$19	1181.4 bp −$11.8K	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-SWAPshort	0.0000%	8h	138.89	−0.108%	$496K	$232K	20x
QFEX NOW-USD	0.0000%	1h	138.96	−0.058%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.05	+0.007%	$253K	$347K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.03	−0.007%	$770K	$255K	20x	as long as short
SunX NOW-USDTlong	0.0000%	8h	139.04	long leg	$964	$349K	10x
HTX NOW-USDT	0.0000%	8h	139.02	−0.014%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.00	−0.029%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.547%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.00	−0.029%	—	—	25x	as long as short
Aster NOWUSDT	+0.0067%	8h	139.30	+0.190%	$41K	$995	20x	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	138.93	−0.079%	$320K	$633K	20x	as long as short
tradeXYZ xyz:NOW	+0.0179%	1h	138.98	−0.043%	$2.1M	$228K	10x	as long as short
Bybit NOWUSDT	+0.0197%	8h	139.08	+0.029%	$1.6M	$1.2M	25x	as long as short
Binance NOWUSDT	+0.0203%	8h	139.09	+0.034%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0208%	8h	139.13	+0.065%	$46K	$18K	20x	as long as short
GRVT NOW_USDT_Perp	+0.0302%	8h	139.03	−0.007%	$356	$143K	10x	as long as short