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

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against QFEX+0.087%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1001.003% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 7 days−0.016%−$2 · spread now +0.087%, 7d avg +0.104%
Together, before fees−0.016%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX NOW-USD137.680get 0.0000% / 1h44m 33s$1.1M$2.0M10x
ShortBybit NOWUSDT137.800get 0.0000% / 8h1h 44m$1.5M$5.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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
$0
Price spread: +0.087% → +0.104%
−$1.68
Slippage, 4 orders
−$79.28
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$101.95
Costs to cover
1.003%
Break-even
never at this rate
Slippage from QFEX: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 3 min ago2.18 bp8.6 bp −$915.7 bp −$157doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.45 bp55.5 bp −$56154.3 bp −$1,543doesn't fitdoesn't fit

NOW on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NOW-USDT−0.0027%8h137.87+0.138%$45K$17K20xas long as short
Aster NOWUSDT0.0000%8h137.81+0.098%$41K$99520xas long as short
Binance NOWUSDT0.0000%8h137.83+0.108%$1.6M$1.3M20xas long as short
Bybit NOWUSDTshort0.0000%8h137.80+0.087%$1.5M$5.7M25x
OKX NOW-USDT-SWAP0.0000%8h137.88+0.145%$484K$196K20xas long as short
QFEX NOW-USDlong0.0000%1h137.68long leg$1.1M$2.0M10x
Gate NOW_USDT0.0000%8h137.76+0.058%$249K$399K20xas long as short
Bitget NOWUSDT0.0000%8h137.80+0.087%$762K$263K20xas long as short
GRVT NOW_USDT_Perp0.0000%8h137.82+0.102%$475$172K10xas long as short
SunX NOW-USDT0.0000%8h137.81+0.094%$557$443K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX NOW-USDT0.0000%8h137.81+0.094%$5K$26K20xas long as short
Lighter NOW+0.0032%1h137.82+0.102%$5K$1735xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.540%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.69+0.007%25xas long as short
KuCoin NOWUSDTM+0.0100%8h137.64−0.029%$317K$747K20xas long as short
tradeXYZ xyz:NOW+0.0288%1h137.75+0.051%$2.1M$198K10xas long as short