Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.010%

Price spread now: BloFin against Injective−1.416%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 1.416% cheaper against Injective than usual: you would sell low and buy high (−$142 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	Injective NOW/USDC PERP	139.80	0.0033	pay 0.0004% / 1h	11m 24s	$3K	$101	12x
Short	BloFin NOW-USDT	137.82	0.0010	get 0.0010% / 8h	2h 11m	$45K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −1.416%Rate

Funding earned: −$4.97
Price spread: −1.416% → 0.000%: −$141.63
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$158.62
Costs to cover: 0.120%
Break-even: never at this rate

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

Injective and BloFin: 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	137.79	−1.435%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.86	−1.386%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.84	−1.402%	$1.5M	$5.8M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.96	−1.316%	$480K	$209K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.75	−1.466%	$1.1M	$2.0M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.75	−1.466%	$249K	$405K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.84	−1.402%	$761K	$268K	20x	as long as short
GRVT NOW_USDT_Perp	0.0000%	8h	137.79	−1.441%	$555	$173K	10x	as long as short
SunX NOW-USDT	0.0000%	8h	137.84	−1.402%	$551	$456K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.92	−1.345%	$5K	$25K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin NOW-USDTshort	+0.0010%	8h	137.82	−1.416%	$45K	$17K	20x
Lighter NOW	+0.0032%	1h	137.77	−1.452%	$5K	$262	5x	as long as short
Injective NOW/USDC PERPlong	+0.0033%	1h	139.80	long leg	$3K	$101	12x
Vest NOW-USD-PERP	+0.0046%	1h	137.76	−1.459%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.60	−1.574%	$316K	$760K	20x	as long as short
tradeXYZ xyz:NOW	+0.0192%	1h	137.76	−1.459%	$2.1M	$197K	10x	as long as short