Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: QFEX against GRVT−0.044%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2182.181% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.044%, 7d avg −0.088%

Together, before fees+0.059%+ Points / potential airdropGRVT: Active · farm board+$6 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: QFEX is 0.044% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NOW_USDT_Perp	137.82	0	get 0.0000% / 8h	1h 25m	$222	$170K	10x
Short	QFEX NOW-USD	137.76	0	get 0.0000% / 1h	25m 16s	$1.1M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.088%: $4.44
Slippage, 4 orders: −$199.09
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$213.65
Costs to cover: 2.181%
Break-even: never at this rate

Slippage from GRVT: live order book, 56 min ago; QFEX: live order book, 2 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, 56 min ago	5.80 bp	29.6 bp −$30	44.7 bp −$447	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	77.67 bp	85.6 bp −$86	93.2 bp −$932	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	−0.0020%	8h	137.84	+0.015%	$45K	$17K	20x	as long as short
Aster NOWUSDT	0.0000%	8h	137.84	+0.016%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.86	+0.031%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.90	+0.058%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.036%	$484K	$196K	20x	as long as short
QFEX NOW-USDshort	0.0000%	1h	137.76	−0.044%	$1.1M	$2.1M	10x
Gate NOW_USDT	0.0000%	8h	137.82	0.000%	$250K	$405K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.78	−0.029%	$761K	$263K	20x	as long as short
GRVT NOW_USDT_Perplong	0.0000%	8h	137.82	long leg	$222	$170K	10x
SunX NOW-USDT	0.0000%	8h	137.85	+0.022%	$647	$439K	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	137.87	+0.036%	$5K	$26K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.81	−0.007%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.437%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.80	−0.015%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.73	−0.065%	$317K	$739K	20x	as long as short
tradeXYZ xyz:NOW	+0.0247%	1h	137.78	−0.029%	$2.1M	$200K	10x	as long as short