Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0112%/8h= +12.2% APRpaid last 24h +0.054%

Price spread now: tradeXYZ against Binance−0.101%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$680.677% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 7 days−0.028%−$3 · spread now −0.101%, 7d avg −0.073%

Together, before fees+0.225%+ Points / potential airdroptradeXYZ: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.028% cheaper against Binance than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.073%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOWUSDT	138.05	0.0217	pay 0.0217% / 8h	3h 37m	$1.8M	$1.4M	20x
Short	tradeXYZ xyz:NOW	137.91	0.0328	get 0.0041% / 1h	37m 32s	$2.1M	$224K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Binance. 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 BinancebpFee tradeXYZbpOrdersPrice spread, now −0.101%Rate

Funding earned: $23.47
Price spread: −0.101% → −0.073%: −$2.8
Slippage, 4 orders: −$39.66
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$46.99
Costs to cover: 0.677%
Break-even: 21.0 days

Slippage from Binance: live order book, 11 min ago; tradeXYZ: live order book, 10 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 Binance live order book, 11 min ago	0.36 bp	11.0 bp −$11	45.0 bp −$450	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	3.26 bp	17.6 bp −$18	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
Aster NOWUSDT	0.0000%	8h	138.85	+0.579%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.92	−0.094%	$491K	$226K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.85	−0.145%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.97	−0.058%	$248K	$352K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.97	−0.058%	$788K	$240K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.07	+0.014%	$1K	$379K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.10	+0.036%	$5K	$33K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.99	−0.043%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.268%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.85	−0.145%	—	—	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	137.82	−0.167%	$318K	$637K	20x	as long as short
BloFin NOW-USDT	+0.0201%	8h	138.05	0.000%	$46K	$17K	20x	as long as short
Bybit NOWUSDT	+0.0214%	8h	137.99	−0.043%	$1.6M	$3.1M	25x	as long as short
Binance NOWUSDTlong	+0.0217%	8h	138.05	long leg	$1.8M	$1.4M	20x
tradeXYZ xyz:NOWshort	+0.0328%	1h	137.91	−0.101%	$2.1M	$224K	10x
GRVT NOW_USDT_Perp	+0.0434%	8h	138.05	+0.002%	$337	$147K	10x	as long as short