Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against Aster−0.196%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.196% cheaper against Aster than usual: you would sell low and buy high (spread −0.196% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 20 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOWUSDT	138.07	0	get 0.0000% / 8h	6h 25m	$41K	$995	20x
Short	Lighter NOW	137.80	0.0032	get 0.0004% / 1h	25m 57s	$5K	$173	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.196%Rate

Funding earned: $6.72
Price spread: −0.196% → 0.000%: −$19.64
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$20.92
Costs to cover: 0.080%
Break-even: 28.8 days

Slippage unknown: Aster: no order-book sample; Lighter: 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 Aster no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Aster and Lighter: 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 15 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
Aster NOWUSDTlong	0.0000%	8h	138.07	long leg	$41K	$995	20x
OKX NOW-USDT-SWAP	0.0000%	8h	137.94	−0.095%	$488K	$227K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.71	−0.262%	$1.1M	$1.9M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.90	−0.124%	$245K	$371K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.95	−0.088%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.92	−0.109%	$1K	$401K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.93	−0.102%	$5K	$29K	20x	as long as short
Lighter NOWshort	+0.0032%	1h	137.80	−0.196%	$5K	$173	5x
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.252%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.72	−0.254%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	137.70	−0.269%	$316K	$653K	20x	as long as short
Binance NOWUSDT	+0.0115%	8h	137.91	−0.117%	$1.8M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0157%	8h	137.88	−0.138%	$1.5M	$5.4M	25x	as long as short
tradeXYZ xyz:NOW	+0.0314%	1h	137.77	−0.218%	$2.1M	$229K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0477%	8h	137.88	−0.136%	$558	$154K	10x	as long as short