Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0311%/8h= +34.0% APRpaid last 24h +0.049%

Price spread now: tradeXYZ against HTX−0.094%7-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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.094% cheaper against HTX than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 24 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NOW-USDT	137.92	0	get 0.0000% / 8h	14m 55s	$5K	$28K	20x
Short	tradeXYZ xyz:NOW	137.79	0.0311	get 0.0039% / 1h	14m 55s	$2.1M	$201K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.094%Rate

Funding earned: $65.25
Price spread: −0.094% → 0.000%: −$9.43
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $25.82
Costs to cover: 0.300%
Break-even: 4.2 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 3 min ago. 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 tradeXYZ live order book, 3 min ago	2.54 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit

HTX: 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
QFEX NOW-USD	0.0000%	1h	137.77	−0.109%	$1.1M	$2.1M	10x	as long as short
Aster NOWUSDT	0.0000%	8h	137.90	−0.015%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.89	−0.022%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.82	−0.073%	$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
Gate NOW_USDT	0.0000%	8h	137.83	−0.065%	$251K	$397K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.90	−0.015%	$762K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.91	−0.007%	$866	$435K	10x	as long as short
HTX NOW-USDTlong	0.0000%	8h	137.92	long leg	$5K	$28K	20x
GRVT NOW_USDT_Perp	+0.0014%	8h	137.92	0.000%	$404	$167K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin NOW-USDT	+0.0016%	8h	137.89	−0.022%	$45K	$17K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.84	−0.058%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.363%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.77	−0.109%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.63	−0.210%	$318K	$681K	20x	as long as short
tradeXYZ xyz:NOWshort	+0.0311%	1h	137.79	−0.094%	$2.1M	$201K	10x