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

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment $0.31 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against BloFin−0.115%72s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.115% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NOW-USDT139.560.0196pay 0.0196% / 8h1h 18m$46K$18K20x
ShortBybit NOWUSDT139.400.0165get 0.0165% / 8h1h 18m$1.6M$892K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$6.57
Price spread: −0.115% → 0.000%
−$11.46
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$41.04
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; Bybit: 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 Bybit live order book, 3 min ago2.51 bp19.8 bp −$20166.7 bp −$1,667doesn'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%8h139.560.000%$497K$248K20xas long as short
QFEX NOW-USD0.0000%1h139.30−0.186%$1.1M$1.5M10xas long as short
Gate NOW_USDT0.0000%8h139.46−0.072%$253K$348K20xas long as short
Bitget NOWUSDT0.0000%8h139.33−0.165%$769K$260K20xas long as short
SunX NOW-USDT0.0000%8h139.50−0.043%$1K$339K10xas long as short
HTX NOW-USDT0.0000%8h139.60+0.029%$5K$36K20xas long as short
Lighter NOW+0.0032%1h139.37−0.136%$5K$1715xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+0.172%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h139.35−0.150%25xas long as short
Aster NOWUSDT+0.0051%8h139.69+0.094%$41K$85920xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h139.34−0.158%$317K$639K20xas long as short
tradeXYZ xyz:NOW+0.0159%1h139.31−0.179%$2.1M$234K10xas long as short
Bybit NOWUSDTshort+0.0165%8h139.40−0.115%$1.6M$892K25x
Binance NOWUSDT+0.0173%8h139.48−0.057%$1.8M$1.5M20xas long as short
BloFin NOW-USDTlong+0.0196%8h139.56long leg$46K$18K20x
GRVT NOW_USDT_Perp+0.0253%8h139.37−0.135%$333$142K10xas long as short