Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against HTX−0.203%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 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 airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.203% cheaper against HTX than usual: you would sell low and buy high (spread −0.203% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NOW-USDT	138.03	0	get 0.0000% / 8h	5h 12m	$5K	$31K	20x
Short	Vest NOW-USD-PERP	137.75	0.0046	get 0.0006% / 1h	12m 51s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.203%Rate

Funding earned: $9.59
Price spread: −0.203% → 0.000%: −$20.29
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$24.69
Costs to cover: 0.140%
Break-even: 25.0 days

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

HTX and 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
Aster NOWUSDT	0.0000%	8h	138.54	+0.366%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.96	−0.051%	$489K	$228K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.78	−0.181%	$1.1M	$1.8M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.90	−0.094%	$248K	$371K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.87	−0.116%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.92	−0.080%	$546	$386K	10x	as long as short
HTX NOW-USDTlong	0.0000%	8h	138.03	long leg	$5K	$31K	20x
Lighter NOW	+0.0032%	1h	137.81	−0.159%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.282%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPshort	+0.0046%	1h	137.75	−0.203%	—	—	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	137.61	−0.304%	$317K	$636K	20x	as long as short
Bybit NOWUSDT	+0.0200%	8h	137.93	−0.072%	$1.6M	$4.9M	25x	as long as short
Binance NOWUSDT	+0.0213%	8h	137.92	−0.080%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0215%	8h	137.92	−0.080%	$230	$17K	20x	as long as short
tradeXYZ xyz:NOW	+0.0366%	1h	137.76	−0.196%	$2.1M	$229K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0574%	8h	137.93	−0.069%	$723	$152K	10x	as long as short