Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h +0.014%

Price spread now: Vest against Bybit−0.109%47s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.109% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOWUSDT	137.97	0.0209	pay 0.0209% / 8h	3h 25m	$1.6M	$2.9M	25x
Short	Vest NOW-USD-PERP	137.82	0.0046	get 0.0006% / 1h	25m 39s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bybit. 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 BybitbpFee VestbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$34.27
Price spread: −0.109% → 0.000%: −$10.87
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$58.14
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Vest: 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 Bybit live order book, 2 min ago	6.89 bp	43.2 bp −$43	161.5 bp −$1,615	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	137.91	−0.043%	$491K	$227K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.83	−0.101%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.01	+0.029%	$248K	$353K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.95	−0.014%	$788K	$240K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.04	+0.051%	$1K	$380K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.78	−0.138%	$5K	$33K	20x	as long as short
Aster NOWUSDT	+0.0024%	8h	138.10	+0.096%	$41K	$995	20x	as long as short
Lighter NOW	+0.0032%	1h	137.98	+0.007%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.326%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPshort	+0.0046%	1h	137.82	−0.109%	—	—	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	137.83	−0.101%	$317K	$634K	20x	as long as short
Bybit NOWUSDTlong	+0.0209%	8h	137.97	long leg	$1.6M	$2.9M	25x
Binance NOWUSDT	+0.0242%	8h	138.03	+0.043%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0259%	8h	138.03	+0.043%	$46K	$17K	20x	as long as short
tradeXYZ xyz:NOW	+0.0299%	1h	137.90	−0.051%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0453%	8h	138.04	+0.051%	$295	$147K	10x	as long as short