Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against QFEX+0.114%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$620.620% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.114%, 7d avg +0.056%

Together, before fees+0.106%+$11 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: OKX is 0.057% dearer against QFEX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NOW-USD	140.67	0	get 0.0000% / 1h	55m 13s	$1.1M	$1.4M	10x
Short	OKX NOW-USDT-SWAP	140.83	0	get 0.0000% / 8h	6h 55m	$517K	$241K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee QFEXbpFee OKXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → +0.056%: $5.73
Slippage, 4 orders: −$41.99
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$56.26
Costs to cover: 0.620%
Break-even: never at this rate

Slippage from QFEX: live order book, 1 min ago; OKX: live order book, 36 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 QFEX live order book, 1 min ago	3.20 bp	8.2 bp −$8	13.2 bp −$132	doesn't fit	doesn't fit
Sell OKX live order book, 36 min ago	5.32 bp	30.4 bp −$30	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-SWAPshort	0.0000%	8h	140.83	+0.114%	$517K	$241K	20x
QFEX NOW-USDlong	0.0000%	1h	140.67	long leg	$1.1M	$1.4M	10x
Gate NOW_USDT	0.0000%	8h	140.82	+0.107%	$247K	$340K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	140.69	+0.014%	$817K	$281K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	140.89	+0.156%	$1K	$295K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	140.92	+0.178%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.75	+0.057%	$5K	$309	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.618%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	140.76	+0.064%	—	—	25x	as long as short
Aster NOWUSDT	+0.0095%	8h	141.07	+0.285%	$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	140.74	+0.050%	$311K	$703K	20x	as long as short
BloFin NOW-USDT	+0.0159%	8h	140.79	+0.085%	$46K	$19K	20x	as long as short
Binance NOWUSDT	+0.0188%	8h	140.76	+0.064%	$1.9M	$1.5M	20x	as long as short
tradeXYZ xyz:NOW	+0.0213%	1h	140.70	+0.021%	$2.1M	$243K	10x	as long as short
Bybit NOWUSDT	+0.0314%	8h	140.81	+0.100%	$1.6M	$286K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0499%	8h	140.84	+0.121%	—	$123K	10x	as long as short