Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.012%

Price spread now: Injective against GRVT+1.418%7-day average — · you sell dearer than you buy

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

Long on GRVT 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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.418% dearer against GRVT than usual: you sell high and buy low: +$142 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NOW_USDT_Perp	137.85	0	get 0.0000% / 8h	48m 50s	$587	$169K	10x
Short	Injective NOW/USDC PERP	139.80	0.0033	get 0.0004% / 1h	48m 50s	$3K	$101	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GRVT. 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 GRVTbpFee InjectivebpOrdersPrice spread, now +1.418%Rate

Funding earned: $7
Price spread: +1.418% → 0.000%: $141.81
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $139.79
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 28 min ago; 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 GRVT live order book, 28 min ago	3.99 bp	14.5 bp −$14	37.7 bp −$377	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
BloFin NOW-USDT	−0.0021%	8h	137.96	+0.083%	$45K	$17K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.71	−0.098%	$1.1M	$2.1M	10x	as long as short
Aster NOWUSDT	0.0000%	8h	137.87	+0.018%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.93	+0.065%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.88	+0.025%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.018%	$484K	$196K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.88	+0.025%	$251K	$396K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.87	+0.018%	$762K	$275K	20x	as long as short
GRVT NOW_USDT_Perplong	0.0000%	8h	137.85	long leg	$587	$169K	10x
SunX NOW-USDT	0.0000%	8h	137.85	+0.003%	$806	$437K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.89	+0.033%	$5K	$27K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.84	−0.004%	$5K	$173	5x	as long as short
Injective NOW/USDC PERPshort	+0.0033%	1h	139.80	+1.418%	$3K	$101	12x
Vest NOW-USD-PERP	+0.0046%	1h	137.73	−0.084%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.73	−0.084%	$317K	$714K	20x	as long as short
tradeXYZ xyz:NOW	+0.0288%	1h	137.87	+0.018%	$2.1M	$201K	10x	as long as short