Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0239%/8h= +26.2% APRpaid last 24h +0.057%

Price spread now: tradeXYZ against Gate−0.058%7-day average −0.013% · you buy dearer than you sell

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

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.279%+$28 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.058%, 7d avg −0.013%

Together, before fees+0.294%+ Points / potential airdroptradeXYZ: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.045% cheaper against Gate than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.013%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOW_USDT	138.91	0	get 0.0000% / 8h	2h 08m	$253K	$350K	20x
Short	tradeXYZ xyz:NOW	138.83	0.0239	get 0.0030% / 1h	8m 55s	$2.1M	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.058%Rate

Funding earned: $50.15
Price spread: −0.058% → −0.013%: −$4.46
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $12.69
Costs to cover: 0.330%
Break-even: 5.2 days

Slippage unknown: Gate: live order book, 36 min ago; tradeXYZ: live order book, 9 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, 36 min ago	9.76 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	4.69 bp	21.9 bp −$22	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	138.85	−0.043%	$495K	$232K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.79	−0.086%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDTlong	0.0000%	8h	138.91	long leg	$253K	$350K	20x
Bitget NOWUSDT	0.0000%	8h	138.71	−0.144%	$769K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.92	+0.007%	$1K	$355K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.98	+0.050%	$5K	$35K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.81	−0.072%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.641%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.84	−0.050%	—	—	25x	as long as short
Aster NOWUSDT	+0.0050%	8h	139.30	+0.284%	$41K	$995	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	138.79	−0.086%	$320K	$630K	20x	as long as short
BloFin NOW-USDT	+0.0202%	8h	138.89	−0.014%	$46K	$18K	20x	as long as short
Binance NOWUSDT	+0.0210%	8h	138.93	+0.014%	$1.8M	$1.5M	20x	as long as short
tradeXYZ xyz:NOWshort	+0.0239%	1h	138.83	−0.058%	$2.1M	$227K	10x
Bybit NOWUSDT	+0.0242%	8h	138.96	+0.036%	$1.6M	$1.7M	25x	as long as short
GRVT NOW_USDT_Perp	+0.0321%	8h	138.93	+0.014%	$604	$144K	10x	as long as short