Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.051%

Price spread now: BloFin against tradeXYZ+0.014%88s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOW	140.98	0.0343	pay 0.0043% / 1h	33m 53s	$2.1M	$236K	10x
Short	BloFin NOW-USDT	141.00	0.0174	get 0.0174% / 8h	7h 33m	$46K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against tradeXYZ. 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 tradeXYZbpFee BloFinbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$35.33
Price spread: +0.014% → 0.000%: $1.42
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$63.91
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 3 min ago; BloFin: no order-book sample. Net counts fees only.

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 tradeXYZ live order book, 3 min ago	3.19 bp	27.4 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-SWAP	0.0000%	8h	140.91	−0.050%	$514K	$238K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	140.83	−0.106%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	141.07	+0.064%	$256K	$309K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	141.00	+0.014%	$790K	$261K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	141.01	+0.021%	$1K	$302K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	141.19	+0.149%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	141.00	+0.014%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.837%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	140.95	−0.021%	—	—	25x	as long as short
Aster NOWUSDT	+0.0097%	8h	141.43	+0.320%	$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	140.88	−0.071%	$317K	$666K	20x	as long as short
BloFin NOW-USDTshort	+0.0174%	8h	141.00	+0.014%	$46K	$18K	20x
Binance NOWUSDT	+0.0185%	8h	141.14	+0.111%	$1.9M	$1.5M	20x	as long as short
tradeXYZ xyz:NOWlong	+0.0343%	1h	140.98	long leg	$2.1M	$236K	10x
Bybit NOWUSDT	+0.0398%	8h	141.09	+0.078%	$1.6M	$298K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0546%	8h	140.92	−0.043%	$154	$136K	10x	as long as short