Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget+0.058%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1141.136% of the position

Long on Bitget 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)+0.005%+$1 · spread now +0.058%, 7d avg −0.003%

Together, before fees+0.005%+$1 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% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOWUSDT	137.80	0	get 0.0000% / 8h	1h 45m	$762K	$263K	20x
Short	OKX NOW-USDT-SWAP	137.88	0	get 0.0000% / 8h	1h 45m	$484K	$196K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.003%: $6.08
Slippage, 4 orders: −$91.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$107.53
Costs to cover: 1.136%
Break-even: never at this rate

Slippage from Bitget: live order book, 35 min ago; OKX: live order book, 36 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 Bitget live order book, 35 min ago	14.15 bp	26.2 bp −$26	35.0 bp −$350	doesn't fit	doesn't fit
Sell OKX live order book, 36 min ago	9.44 bp	19.1 bp −$19	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
BloFin NOW-USDT	−0.0027%	8h	137.87	+0.051%	$45K	$17K	20x	as long as short
Aster NOWUSDT	0.0000%	8h	137.82	+0.016%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.84	+0.027%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.80	0.000%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAPshort	0.0000%	8h	137.88	+0.058%	$484K	$196K	20x
QFEX NOW-USD	0.0000%	1h	137.68	−0.087%	$1.1M	$2.0M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.75	−0.036%	$249K	$399K	20x	as long as short
Bitget NOWUSDTlong	0.0000%	8h	137.80	long leg	$762K	$263K	20x
GRVT NOW_USDT_Perp	0.0000%	8h	137.82	+0.015%	$475	$172K	10x	as long as short
SunX NOW-USDT	0.0000%	8h	137.81	+0.007%	$557	$443K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.81	+0.007%	$5K	$26K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.81	+0.007%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.451%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.69	−0.080%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.65	−0.109%	$318K	$747K	20x	as long as short
tradeXYZ xyz:NOW	+0.0290%	1h	137.75	−0.036%	$2.1M	$198K	10x	as long as short