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

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against SunX−0.138%7-day average −0.141% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,238as in the Price arb table
costs, in and out, $10k−$1,23812.384% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 3 days (all we have)−0.122%−$12 · spread now −0.138%, 7d avg −0.141%
Together, before fees−0.061%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.141%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NOW-USDT137.950get 0.0000% / 8h5h 48m$895$387K10x
ShortKuCoin NOWUSDTM137.760.0100get 0.0100% / 8h5h 48m$319K$646K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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
$21
Price spread: −0.138% → −0.141%
$0.36
Slippage, 4 orders
−$1,218.42
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,217.06
Costs to cover
12.384%
Break-even
412.7 days
Slippage from SunX: live order book, 53 min ago; KuCoin: live order book, 50 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 SunX live order book, 53 min ago81.14 bp99.4 bp −$99doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 50 min ago6.16 bp711.6 bp −$712doesn't fitdoesn't fitdoesn't fit

NOW on 15 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
Aster NOWUSDT0.0000%8h138.81+0.623%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.01+0.043%$489K$228K20xas long as short
QFEX NOW-USD0.0000%1h137.75−0.145%$1.1M$1.9M10xas long as short
Gate NOW_USDT0.0000%8h137.93−0.014%$249K$366K20xas long as short
Bitget NOWUSDT0.0000%8h137.93−0.014%$781K$234K20xas long as short
SunX NOW-USDTlong0.0000%8h137.95long leg$895$387K10x
HTX NOW-USDT0.0000%8h137.93−0.014%$5K$30K20xas long as short
Lighter NOW+0.0032%1h137.87−0.058%$5K$1785xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.341%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.77−0.130%25xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTMshort+0.0100%8h137.76−0.138%$319K$646K20x
Binance NOWUSDT+0.0174%8h137.98+0.023%$1.8M$1.4M20xas long as short
Bybit NOWUSDT+0.0187%8h137.90−0.036%$1.6M$4.9M25xas long as short
tradeXYZ xyz:NOW+0.0423%1h137.80−0.109%$2.1M$229K10xas long as short
GRVT NOW_USDT_Perp+0.0577%8h137.94−0.004%$211$152K10xas long as short