Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h +0.020%

Price spread now: tradeXYZ against KuCoin+0.080%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6,028as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6,047as in the Price arb table

costs, in and out, $10k−$6,04960.490% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.213%+$21 on $10k

Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.080%, 7d avg +0.065%

Together, before fees−0.014%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.213%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOWUSDTM	137.79	0.0100	pay 0.0100% / 8h	4h 59m	$319K	$628K	20x
Short	tradeXYZ xyz:NOW	137.90	0.0053	get 0.0007% / 1h	59m 12s	$2.1M	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against KuCoin. 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 KuCoinbpFee tradeXYZbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$9.96
Price spread: +0.080% → +0.065%: $1.46
Slippage, 4 orders: −$6,018.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$6,057.45
Costs to cover: 60.490%
Break-even: never at this rate

Slippage from KuCoin: live order book, 25 min ago; tradeXYZ: live order book, 9 min ago.

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 KuCoin live order book, 25 min ago	10.54 bp	5889.1 bp −$5,889	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	2.90 bp	12.7 bp −$13	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
Aster NOWUSDT	0.0000%	8h	138.78	+0.717%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	138.04	+0.181%	$492K	$232K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.90	+0.080%	$1.1M	$1.8M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.02	+0.167%	$249K	$349K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.92	+0.094%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.02	+0.167%	$662	$386K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.03	+0.174%	$5K	$31K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.91	+0.087%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.459%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.91	+0.087%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NOWshort	+0.0053%	1h	137.90	+0.080%	$2.1M	$227K	10x
KuCoin NOWUSDTMlong	+0.0100%	8h	137.79	long leg	$319K	$628K	20x
Bybit NOWUSDT	+0.0162%	8h	137.94	+0.109%	$1.6M	$4.8M	25x	as long as short
BloFin NOW-USDT	+0.0189%	8h	138.03	+0.174%	$46K	$17K	20x	as long as short
Binance NOWUSDT	+0.0197%	8h	138.02	+0.164%	$1.8M	$1.4M	20x	as long as short
GRVT NOW_USDT_Perp	+0.0489%	8h	138.01	+0.158%	$570	$150K	10x	as long as short