Settings8H · net · $10k
Funding arb · Price arb /

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.052%
Price spread now: Binance against tradeXYZ+0.061%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$720.725% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.252%−$25 on $10k
Price spread, last 7 days+0.070%+$7 · spread now +0.061%, 7d avg +0.073%
Together, before fees−0.183%+ Points / potential airdroptradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:NOW137.890.0278pay 0.0035% / 1h33m 14s$2.1M$226K10x
ShortBinance NOWUSDT137.970.0182get 0.0182% / 8h4h 33m$1.8M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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

Funding earned
−$20.19
Price spread: +0.061% → +0.073%
−$1.22
Slippage, 4 orders
−$44.48
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Binance: 5 bp × 2 orders
−$10
Net
−$93.88
Costs to cover
0.725%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Binance: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 5 min ago2.54 bp23.0 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 15 min ago1.09 bp15.6 bp −$1663.0 bp −$630doesn't fitdoesn't fit

NOW on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX NOW-USD0.0000%1h137.81−0.058%$1.1M$1.7M10xas long as short
Aster NOWUSDT0.0000%8h138.09+0.147%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.00+0.080%$492K$227K20xas long as short
Gate NOW_USDT0.0000%8h137.97+0.058%$248K$351K20xas long as short
Bitget NOWUSDT0.0000%8h137.91+0.015%$781K$234K20xas long as short
SunX NOW-USDT0.0000%8h137.95+0.044%$553$385K10xas long as short
HTX NOW-USDT0.0000%8h138.06+0.123%$5K$32K20xas long as short
Lighter NOW+0.0032%1h137.91+0.015%$5K$1785xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.385%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.82−0.051%25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h137.86−0.022%$318K$619K20xas long as short
Binance NOWUSDTshort+0.0182%8h137.97+0.061%$1.8M$1.4M20x
BloFin NOW-USDT+0.0186%8h137.95+0.044%$46K$17K20xas long as short
Bybit NOWUSDT+0.0256%8h138.01+0.087%$1.6M$4.3M25xas long as short
tradeXYZ xyz:NOWlong+0.0278%1h137.89long leg$2.1M$226K10x
GRVT NOW_USDT_Perp+0.0428%8h138.03+0.099%$540$149K10xas long as short