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

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0077%/8h= −8.4% APRnext payment $0.77 per $10,000 · paid last 24h +0.020%
Price spread now: KuCoin against BloFin−0.057%7-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 −$2 a day on $10k at the current rate, and KuCoin is 0.057% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NOW-USDT140.150.0177pay 0.0177% / 8h5h 43m$47K$19K20x
ShortKuCoin NOWUSDTM140.070.0100get 0.0100% / 8h5h 43m$305K$770K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$16.18
Price spread: −0.057% → 0.000%
−$5.71
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$45.89
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; KuCoin: live order book, 63 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 KuCoin live order book, 63 min ago3.91 bp278.6 bp −$279doesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX NOW-USD−0.0001%1h139.92−0.164%$1.1M$1.4M10xas long as short
OKX NOW-USDT-SWAP0.0000%8h140.19+0.029%$520K$258K20xas long as short
Gate NOW_USDT0.0000%8h140.09−0.043%$241K$336K20xas long as short
Bitget NOWUSDT0.0000%8h139.93−0.157%$816K$285K20xas long as short
SunX NOW-USDT0.0000%8h140.05−0.071%$1K$266K10xas long as short
HTX NOW-USDT0.0000%8h140.14−0.007%$5K$37K20xas long as short
Lighter NOW+0.0032%1h140.04−0.078%$5K$3095xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80−0.250%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h139.98−0.121%25xas long as short
Aster NOWUSDT+0.0087%8h140.29+0.100%$41K$4K20xas long as short
Show all 16 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTMshort+0.0100%8h140.07−0.057%$305K$770K20x
BloFin NOW-USDTlong+0.0177%8h140.15long leg$47K$19K20x
Binance NOWUSDT+0.0186%8h140.12−0.019%$1.9M$1.5M20xas long as short
Bybit NOWUSDT+0.0331%8h140.12−0.021%$1.6M$187K25xas long as short
tradeXYZ xyz:NOW+0.0335%1h139.99−0.114%$2.1M$243K10xas long as short
GRVT NOW_USDT_Perp+0.0381%8h140.03−0.086%$563$120K10xas long as short