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−0.0087%/8h= −9.5% APRnext payment $0.87 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against BloFin−0.130%63s7-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 −$3 a day on $10k at the current rate, and Gate is 0.130% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NOW-USDT138.370.0087pay 0.0087% / 8h7h 01m$45K$17K20x
ShortGate NOW_USDT138.190get 0.0000% / 8h7h 01m$245K$381K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$18.29
Price spread: −0.130% → 0.000%
−$13.01
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$58.3
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; Gate: 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 Gate live order book, 3 min ago12.65 bp85.5 bp −$86doesn't fitdoesn'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
Aster NOWUSDT0.0000%8h138.31−0.045%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.26−0.079%$499K$212K20xas long as short
QFEX NOW-USD0.0000%1h137.95−0.304%$1.1M$2.1M10xas long as short
Gate NOW_USDTshort0.0000%8h138.19−0.130%$245K$381K20x
Bitget NOWUSDT0.0000%8h138.19−0.130%$781K$240K20xas long as short
SunX NOW-USDT0.0000%8h138.18−0.137%$830$410K10xas long as short
HTX NOW-USDT0.0000%8h138.21−0.116%$5K$29K20xas long as short
Lighter NOW+0.0032%1h138.08−0.210%$5K$1735xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.033%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.00−0.267%25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NOWUSDT+0.0068%8h138.14−0.166%$1.5M$5.7M25xas long as short
BloFin NOW-USDTlong+0.0087%8h138.37long leg$45K$17K20x
KuCoin NOWUSDTM+0.0100%8h138.05−0.231%$317K$657K20xas long as short
Binance NOWUSDT+0.0104%8h138.19−0.130%$1.8M$1.5M20xas long as short
tradeXYZ xyz:NOW+0.0245%1h138.02−0.253%$2.1M$231K10xas long as short
GRVT NOW_USDT_Perp+0.1005%8h138.40+0.020%$228$157K10xas long as short