Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Gate−0.029%7-day average — · you buy dearer than you sell

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

Long on Gate 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

Funding pays, the price is against you. Vest is 0.029% cheaper against Gate than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 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	Gate NOW_USDT	138.98	0	get 0.0000% / 8h	1h 32m	$253K	$347K	20x
Short	Vest NOW-USD-PERP	138.94	0.0046	get 0.0006% / 1h	32m 01s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Gate. 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 GatebpFee VestbpOrdersPrice spread, now −0.029%Rate

Funding earned: $9.59
Price spread: −0.029% → 0.000%: −$2.88
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: −$10.29
Costs to cover: 0.170%
Break-even: 14.5 days

Slippage unknown: Gate: live order book, 8 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 Gate live order book, 8 min ago	19.05 bp	doesn't fit	doesn't fit	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	138.89	−0.065%	$496K	$232K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.90	−0.058%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDTlong	0.0000%	8h	138.98	long leg	$253K	$347K	20x
Bitget NOWUSDT	0.0000%	8h	138.95	−0.022%	$769K	$255K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.94	−0.029%	$989	$347K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.13	+0.108%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.93	−0.036%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.590%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPshort	+0.0046%	1h	138.94	−0.029%	—	—	25x
Aster NOWUSDT	+0.0062%	8h	139.40	+0.304%	$41K	$995	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	138.88	−0.072%	$318K	$637K	20x	as long as short
BloFin NOW-USDT	+0.0188%	8h	138.96	−0.014%	$46K	$18K	20x	as long as short
Bybit NOWUSDT	+0.0190%	8h	139.08	+0.072%	$1.6M	$1.1M	25x	as long as short
Binance NOWUSDT	+0.0191%	8h	139.02	+0.026%	$1.8M	$1.5M	20x	as long as short
tradeXYZ xyz:NOW	+0.0200%	1h	138.93	−0.036%	$2.1M	$228K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0295%	8h	139.03	+0.033%	$356	$143K	10x	as long as short