Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.012%

Price spread now: Injective against HTX−0.007%65s7-day average — · you buy dearer than you sell

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

Long on HTX 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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 65 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	HTX NOW-USDT	139.81	0	get 0.0000% / 8h	7h 56m	$5K	$37K	20x
Short	Injective NOW/USDC PERP	139.80	0.0033	get 0.0004% / 1h	56m 04s	$3K	$101	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now −0.007%Rate

Funding earned: $7
Price spread: −0.007% → 0.000%: −$0.72
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$5.74
Costs to cover: 0.120%
Break-even: 12.7 days

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

HTX and 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
OKX NOW-USDT-SWAP	0.0000%	8h	139.83	+0.014%	$509K	$254K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.47	−0.243%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.76	−0.036%	$254K	$304K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.67	−0.100%	$779K	$261K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.80	−0.007%	$930	$323K	10x	as long as short
HTX NOW-USDTlong	0.0000%	8h	139.81	long leg	$5K	$37K	20x
Lighter NOW	+0.0032%	1h	139.66	−0.107%	$5K	$171	5x	as long as short
Injective NOW/USDC PERPshort	+0.0033%	1h	139.80	−0.007%	$3K	$101	12x
Vest NOW-USD-PERP	+0.0046%	1h	139.54	−0.193%	—	—	25x	as long as short
Aster NOWUSDT	+0.0079%	8h	140.19	+0.271%	$42K	$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	139.57	−0.172%	$318K	$660K	20x	as long as short
BloFin NOW-USDT	+0.0148%	8h	139.76	−0.036%	$46K	$18K	20x	as long as short
Binance NOWUSDT	+0.0161%	8h	139.72	−0.061%	$1.9M	$1.5M	20x	as long as short
tradeXYZ xyz:NOW	+0.0530%	1h	139.53	−0.200%	$2.1M	$236K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0877%	8h	139.67	−0.099%	$187	$138K	10x	as long as short
Bybit NOWUSDT	+0.1092%	8h	139.72	−0.064%	$1.6M	$294K	25x	as long as short