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: Bitget against OKX−0.172%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1041.043% of the position

Long on OKX Short on Bitget

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)+0.140%+$14 · spread now −0.172%, 7d avg 0.000%

Together, before fees+0.140%+$14 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: Bitget is 0.172% cheaper against OKX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOW-USDT-SWAP	139.57	0	get 0.0000% / 8h	1h 12m	$498K	$247K	20x
Short	Bitget NOWUSDT	139.33	0	get 0.0000% / 8h	1h 12m	$769K	$260K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.172%Rate

Funding earned: $0
Price spread: −0.172% → 0.000%: −$17.23
Slippage, 4 orders: −$82.31
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$121.54
Costs to cover: 1.043%
Break-even: never at this rate

Slippage from OKX: live order book, 28 min ago; Bitget: live order book, 28 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 OKX live order book, 28 min ago	10.43 bp	31.4 bp −$31	1528.8 bp −$15.3K	doesn't fit	doesn't fit
Sell Bitget live order book, 28 min ago	5.03 bp	34.9 bp −$35	50.9 bp −$509	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-SWAPlong	0.0000%	8h	139.57	long leg	$498K	$247K	20x
QFEX NOW-USD	0.0000%	1h	139.30	−0.193%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.49	−0.057%	$253K	$349K	20x	as long as short
Bitget NOWUSDTshort	0.0000%	8h	139.33	−0.172%	$769K	$260K	20x
SunX NOW-USDT	0.0000%	8h	139.50	−0.050%	$963	$336K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.38	−0.136%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.35	−0.158%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.165%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.35	−0.158%	—	—	25x	as long as short
Aster NOWUSDT	+0.0055%	8h	140.39	+0.584%	$42K	$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	139.35	−0.158%	$316K	$638K	20x	as long as short
tradeXYZ xyz:NOW	+0.0132%	1h	139.31	−0.186%	$2.1M	$234K	10x	as long as short
BloFin NOW-USDT	+0.0148%	8h	139.51	−0.043%	$46K	$18K	20x	as long as short
Bybit NOWUSDT	+0.0157%	8h	139.47	−0.072%	$1.6M	$807K	25x	as long as short
Binance NOWUSDT	+0.0172%	8h	139.49	−0.059%	$1.8M	$1.5M	20x	as long as short
GRVT NOW_USDT_Perp	+0.0266%	8h	139.48	−0.064%	$317	$142K	10x	as long as short