Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against GRVT+0.114%101s7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$890.889% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.114%, 7d avg −0.036%

Together, before fees−0.102%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.150% dearer against GRVT than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 101 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	GRVT NOW_USDT_Perp	137.80	0	get 0.0000% / 8h	2h 07m	$548	$173K	10x
Short	OKX NOW-USDT-SWAP	137.96	0	get 0.0000% / 8h	2h 07m	$480K	$208K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → −0.036%: $14.96
Slippage, 4 orders: −$69.94
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$73.98
Costs to cover: 0.889%
Break-even: never at this rate

Slippage from GRVT: live order book, 14 min ago; OKX: live order book, 13 min ago.

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, 14 min ago	5.80 bp	29.6 bp −$30	44.7 bp −$447	doesn't fit	doesn't fit
Sell OKX live order book, 13 min ago	9.44 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit

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	−0.0014%	8h	137.82	+0.012%	$45K	$17K	20x	as long as short
Aster NOWUSDT	0.0000%	8h	137.79	−0.009%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.86	+0.041%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.84	+0.027%	$1.5M	$5.8M	25x	as long as short
OKX NOW-USDT-SWAPshort	0.0000%	8h	137.96	+0.114%	$480K	$208K	20x
QFEX NOW-USD	0.0000%	1h	137.71	−0.068%	$1.1M	$2.0M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.76	−0.032%	$249K	$406K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.83	+0.019%	$761K	$268K	20x	as long as short
GRVT NOW_USDT_Perplong	0.0000%	8h	137.80	long leg	$548	$173K	10x
SunX NOW-USDT	0.0000%	8h	137.84	+0.027%	$557	$454K	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	137.84	+0.027%	$5K	$25K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.81	+0.005%	$5K	$262	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.449%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.76	−0.032%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.65	−0.111%	$317K	$760K	20x	as long as short
tradeXYZ xyz:NOW	+0.0205%	1h	137.76	−0.032%	$2.1M	$197K	10x	as long as short