Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0075%/8h= +8.3% APRpaid last 24h +0.051%

Price spread now: tradeXYZ against BloFin−0.071%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on tradeXYZ

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

Funding pays, the price is against you. tradeXYZ is 0.071% cheaper against BloFin than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NOW-USDT	140.90	0.0201	pay 0.0201% / 8h	6h 56m	$46K	$19K	20x
Short	tradeXYZ xyz:NOW	140.80	0.0276	get 0.0035% / 1h	56m 55s	$2.1M	$243K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.071%Rate

Funding earned: $15.83
Price spread: −0.071% → 0.000%: −$7.1
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.26
Costs to cover: 0.300%
Break-even: 16.4 days

Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 1 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 BloFin no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 1 min ago	3.20 bp	18.5 bp −$19	doesn't fit	doesn't fit	doesn't fit

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	140.83	−0.050%	$517K	$241K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	140.68	−0.156%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	140.81	−0.064%	$246K	$340K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	140.70	−0.142%	$817K	$281K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	140.89	−0.007%	$926	$297K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	140.94	+0.028%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.84	−0.043%	$5K	$309	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.781%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	140.76	−0.099%	—	—	25x	as long as short
Aster NOWUSDT	+0.0092%	8h	141.17	+0.194%	$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	140.69	−0.149%	$316K	$702K	20x	as long as short
Binance NOWUSDT	+0.0185%	8h	140.89	−0.007%	$1.9M	$1.5M	20x	as long as short
BloFin NOW-USDTlong	+0.0201%	8h	140.90	long leg	$46K	$19K	20x
tradeXYZ xyz:NOWshort	+0.0276%	1h	140.80	−0.071%	$2.1M	$243K	10x
Bybit NOWUSDT	+0.0323%	8h	140.90	0.000%	$1.6M	$286K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0369%	8h	140.57	−0.234%	$6	$124K	10x	as long as short