Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h +0.019%

Price spread now: Injective against BloFin+1.326%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.326% dearer against BloFin than usual: you sell high and buy low (spread +1.326% now, against zero (this spread has no 7-day history yet)): +$133 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 28 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NOW-USDT	137.97	0.0189	pay 0.0189% / 8h	4h 22m	$46K	$17K	20x
Short	Injective NOW/USDC PERP	139.80	0.0033	get 0.0004% / 1h	22m 42s	$3K	$101	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +1.326%Rate

Funding earned: −$32.73
Price spread: +1.326% → 0.000%: $132.64
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $87.89
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: no order-book sample; Injective: 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 BloFin no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

BloFin and Injective: 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
QFEX NOW-USD	0.0000%	1h	137.75	−0.159%	$1.1M	$1.6M	10x	as long as short
Aster NOWUSDT	0.0000%	8h	138.07	+0.069%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	−0.072%	$491K	$227K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.97	0.000%	$248K	$352K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.89	−0.058%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.97	0.000%	$666	$383K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.90	−0.051%	$5K	$32K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.88	−0.065%	$5K	$178	5x	as long as short
Injective NOW/USDC PERPshort	+0.0033%	1h	139.80	+1.326%	$3K	$101	12x
Vest NOW-USD-PERP	+0.0046%	1h	137.81	−0.116%	—	—	25x	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	137.81	−0.116%	$317K	$620K	20x	as long as short
Binance NOWUSDT	+0.0170%	8h	137.99	+0.018%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDTlong	+0.0189%	8h	137.97	long leg	$46K	$17K	20x
Bybit NOWUSDT	+0.0240%	8h	138.02	+0.036%	$1.6M	$4.0M	25x	as long as short
tradeXYZ xyz:NOW	+0.0292%	1h	137.89	−0.058%	$2.1M	$226K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0400%	8h	137.99	+0.013%	$533	$149K	10x	as long as short