Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0190%/8h= +20.8% APRpaid last 24h +0.057%

Price spread now: tradeXYZ against Aster−0.226%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 6 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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.226% cheaper against Aster than usual: you would sell low and buy high (spread −0.226% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 4.0 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOWUSDT	139.23	0.0050	pay 0.0050% / 8h	2h 06m	$41K	$995	20x
Short	tradeXYZ xyz:NOW	138.91	0.0240	get 0.0030% / 1h	6m 45s	$2.1M	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.226%Rate

Funding earned: $39.86
Price spread: −0.226% → 0.000%: −$22.64
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$8.78
Costs to cover: 0.260%
Break-even: 8.5 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago	4.69 bp	21.9 bp −$22	doesn't fit	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
OKX NOW-USDT-SWAP	0.0000%	8h	138.85	−0.269%	$495K	$232K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.81	−0.298%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.91	−0.226%	$253K	$350K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.71	−0.370%	$769K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.92	−0.219%	$1K	$353K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.91	−0.226%	$5K	$35K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.81	−0.298%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.413%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.86	−0.262%	—	—	25x	as long as short
Aster NOWUSDTlong	+0.0050%	8h	139.23	long leg	$41K	$995	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	138.71	−0.370%	$319K	$632K	20x	as long as short
Binance NOWUSDT	+0.0206%	8h	138.92	−0.219%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0230%	8h	138.93	−0.212%	$46K	$18K	20x	as long as short
Bybit NOWUSDT	+0.0234%	8h	138.90	−0.234%	$1.6M	$1.7M	25x	as long as short
tradeXYZ xyz:NOWshort	+0.0240%	1h	138.91	−0.226%	$2.1M	$227K	10x
GRVT NOW_USDT_Perp	+0.0321%	8h	138.93	−0.212%	$604	$144K	10x	as long as short