Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0211%/8h= −23.1% APRpaid last 24h +0.012%

Price spread now: Vest against GRVT−0.165%7-day average — · you buy dearer than you sell

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

Long on GRVT 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 airdropGRVT: Active · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Vest is 0.165% cheaper against GRVT than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NOW_USDT_Perp	139.40	0.0257	pay 0.0257% / 8h	1h 02m	$294	$141K	10x
Short	Vest NOW-USD-PERP	139.17	0.0046	get 0.0006% / 1h	2m 42s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.165%Rate

Funding earned: −$44.38
Price spread: −0.165% → 0.000%: −$16.48
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$71.86
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 34 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 GRVT live order book, 34 min ago	3.96 bp	20.0 bp −$20	41.2 bp −$412	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	139.23	−0.122%	$497K	$242K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.11	−0.208%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.22	−0.129%	$253K	$350K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.19	−0.150%	$768K	$260K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.39	−0.007%	$969	$336K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.25	−0.107%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.21	−0.136%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.287%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPshort	+0.0046%	1h	139.17	−0.165%	—	—	25x
Aster NOWUSDT	+0.0052%	8h	139.75	+0.248%	$41K	$859	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	139.21	−0.136%	$317K	$637K	20x	as long as short
tradeXYZ xyz:NOW	+0.0121%	1h	139.18	−0.158%	$2.1M	$238K	10x	as long as short
Bybit NOWUSDT	+0.0150%	8h	139.31	−0.064%	$1.6M	$665K	25x	as long as short
Binance NOWUSDT	+0.0159%	8h	139.25	−0.107%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0178%	8h	139.34	−0.043%	$46K	$18K	20x	as long as short
GRVT NOW_USDT_Perplong	+0.0257%	8h	139.40	long leg	$294	$141K	10x