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Funding arb · Price arb /

NOW

RWAall NOW markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against BloFin−0.056%71s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BloFinShort on Binance
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Binance is 0.056% cheaper against BloFin than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 18 days of funding at the current rate ($0 a day). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NOW-USDT138.560.0207pay 0.0207% / 8h2h 46m$46K$17K20x
ShortBinance NOWUSDT138.480.0217get 0.0217% / 8h2h 46m$1.8M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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
$2.16
Price spread: −0.056% → 0.000%
−$5.56
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$25.4
Costs to cover
0.220%
Break-even
89.4 days
Slippage unknown: BloFin: no order-book sample; Binance: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample—————
Sell Binance live order book, 3 min ago1.44 bp7.8 bp −$835.0 bp −$350doesn't fitdoesn't fit
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
OKX NOW-USDT-SWAP0.0000%8h138.58+0.014%$494K$230K20xas long as short
QFEX NOW-USD0.0000%1h138.22−0.245%$1.1M$1.4M10xas long as short
Gate NOW_USDT0.0000%8h138.44−0.087%$252K$346K20xas long as short
Bitget NOWUSDT0.0000%8h138.38−0.130%$767K$254K20xas long as short
SunX NOW-USDT0.0000%8h138.50−0.043%$749$367K10xas long as short
HTX NOW-USDT0.0000%8h138.52−0.029%$5K$34K20xas long as short
Aster NOWUSDT+0.0029%8h138.81+0.178%$41K$99520xas long as short
Lighter NOW+0.0032%1h138.38−0.130%$5K$1715xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+0.895%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.25−0.224%——25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h138.25−0.224%$317K$632K20xas long as short
BloFin NOW-USDTlong+0.0207%8h138.56long leg$46K$17K20x
Binance NOWUSDTshort+0.0217%8h138.48−0.056%$1.8M$1.4M20x
Bybit NOWUSDT+0.0232%8h138.46−0.072%$1.6M$2.3M25xas long as short
tradeXYZ xyz:NOW+0.0292%1h138.37−0.137%$2.1M$224K10xas long as short
GRVT NOW_USDT_Perp+0.0352%8h138.44−0.086%$226$146K10xas long as short