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

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0334%/8h= −36.6% APRpaid last 24h −0.050%
Price spread now: SunX against tradeXYZ+0.087%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1711.705% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.274%−$27 on $10k
Price spread, last 4 days (all we have)+0.541%+$54 · spread now +0.087%, 7d avg +0.070%
Together, before fees+0.268%+ Points / potential airdroptradeXYZ: Active · farm board+$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:NOW137.870.0334pay 0.0042% / 1h1m 01s$2.1M$229K10x
ShortSunX NOW-USDT137.990get 0.0000% / 8h5h 01m$552$386K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$70.18
Price spread: +0.087% → +0.070%
$1.68
Slippage, 4 orders
−$144.54
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee SunX: 4 bp × 2 orders
−$8
Net
−$239.04
Costs to cover
1.705%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; SunX: live order book, 30 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, 7 min ago2.90 bp26.6 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 30 min ago47.12 bp65.9 bp −$66doesn't fitdoesn'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
Aster NOWUSDT0.0000%8h138.79+0.664%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.04+0.123%$492K$232K20xas long as short
QFEX NOW-USD0.0000%1h137.86−0.007%$1.1M$1.8M10xas long as short
Gate NOW_USDT0.0000%8h137.96+0.065%$248K$372K20xas long as short
Bitget NOWUSDT0.0000%8h137.96+0.065%$781K$234K20xas long as short
SunX NOW-USDTshort0.0000%8h137.99+0.087%$552$386K10x
HTX NOW-USDT0.0000%8h137.85−0.015%$5K$31K20xas long as short
Lighter NOW+0.0032%1h137.91+0.029%$5K$1785xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.400%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.89+0.015%25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h137.82−0.036%$318K$628K20xas long as short
Bybit NOWUSDT+0.0165%8h137.95+0.058%$1.6M$4.8M25xas long as short
BloFin NOW-USDT+0.0179%8h137.98+0.080%$46K$17K20xas long as short
Binance NOWUSDT+0.0199%8h138.06+0.137%$1.8M$1.4M20xas long as short
tradeXYZ xyz:NOWlong+0.0334%1h137.87long leg$2.1M$229K10x
GRVT NOW_USDT_Perp+0.0500%8h137.97+0.075%$570$150K10xas long as short