Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster−0.065%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Bybit

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.065% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOWUSDT	137.89	0	get 0.0000% / 8h	58m 04s	$41K	$995	20x
Short	Bybit NOWUSDT	137.80	0	get 0.0000% / 8h	58m 04s	$1.5M	$5.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → 0.000%: −$6.5
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.5
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 5 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	1.45 bp	61.0 bp −$61	166.4 bp −$1,664	doesn't fit	doesn't fit

Aster: 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
BloFin NOW-USDT	−0.0026%	8h	137.78	−0.079%	$45K	$17K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.85	−0.029%	$1.1M	$2.1M	10x	as long as short
Aster NOWUSDTlong	0.0000%	8h	137.89	long leg	$41K	$995	20x
Binance NOWUSDT	0.0000%	8h	137.86	−0.021%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDTshort	0.0000%	8h	137.80	−0.065%	$1.5M	$5.7M	25x
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	−0.014%	$484K	$196K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.86	−0.021%	$251K	$395K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.85	−0.029%	$762K	$275K	20x	as long as short
GRVT NOW_USDT_Perp	0.0000%	8h	137.81	−0.058%	$205	$169K	10x	as long as short
SunX NOW-USDT	0.0000%	8h	137.89	0.000%	$1K	$438K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.90	+0.008%	$5K	$26K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.84	−0.036%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.385%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.85	−0.029%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.67	−0.159%	$317K	$722K	20x	as long as short
tradeXYZ xyz:NOW	+0.0146%	1h	137.78	−0.079%	$2.1M	$200K	10x	as long as short