Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate0.000%7-day average +0.059% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SunX

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)+0.165%+$17 · spread now 0.000%, 7d avg +0.059%

Together, before fees+0.165%+$17 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: SunX is 0.059% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOW_USDT	139.50	0	get 0.0000% / 8h	1h 17m	$253K	$348K	20x
Short	SunX NOW-USDT	139.50	0	get 0.0000% / 8h	1h 17m	$1K	$339K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.059%: −$5.86
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$28.86
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 23 min ago; SunX: live order book, 43 min ago. Net counts fees only.

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 Gate live order book, 23 min ago	19.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 43 min ago	46.06 bp	65.1 bp −$65	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
OKX NOW-USDT-SWAP	0.0000%	8h	139.57	+0.050%	$498K	$248K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.30	−0.143%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDTlong	0.0000%	8h	139.50	long leg	$253K	$348K	20x
Bitget NOWUSDT	0.0000%	8h	139.33	−0.122%	$769K	$260K	20x	as long as short
SunX NOW-USDTshort	0.0000%	8h	139.50	0.000%	$1K	$339K	10x
HTX NOW-USDT	0.0000%	8h	139.60	+0.072%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.34	−0.115%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.215%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.35	−0.108%	—	—	25x	as long as short
Aster NOWUSDT	+0.0052%	8h	139.68	+0.130%	$41K	$859	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	139.32	−0.129%	$317K	$639K	20x	as long as short
tradeXYZ xyz:NOW	+0.0157%	1h	139.29	−0.151%	$2.1M	$234K	10x	as long as short
Bybit NOWUSDT	+0.0165%	8h	139.41	−0.065%	$1.6M	$872K	25x	as long as short
Binance NOWUSDT	+0.0173%	8h	139.48	−0.014%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0196%	8h	139.56	+0.043%	$46K	$18K	20x	as long as short
GRVT NOW_USDT_Perp	+0.0253%	8h	139.37	−0.092%	$333	$142K	10x	as long as short