Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h −0.016%

Price spread now: BloFin against Lighter−0.007%60s7-day average — · you buy dearer than you sell

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

Long on Lighter Short on BloFin

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 airdropLighter: Season 3 · farm boardneeds 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: +$5 a day on $10k at the current rate. The two prices were read 60 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	Lighter NOW	137.91	0.0032	pay 0.0004% / 1h	20m 08s	$5K	$178	5x
Short	BloFin NOW-USDT	137.90	0.0195	get 0.0195% / 8h	4h 20m	$46K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now −0.007%Rate

Funding earned: $34.2
Price spread: −0.007% → 0.000%: −$0.73
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $21.48
Costs to cover: 0.120%
Break-even: 2.6 days

Slippage unknown: Lighter: 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 Lighter no order-book sample	—	—	—	—	—
Sell BloFin no order-book sample	—	—	—	—	—

Lighter 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
QFEX NOW-USD	0.0000%	1h	137.82	−0.065%	$1.1M	$1.6M	10x	as long as short
Aster NOWUSDT	0.0000%	8h	138.25	+0.243%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	−0.029%	$491K	$227K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.94	+0.022%	$248K	$352K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.89	−0.015%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.98	+0.051%	$836	$384K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.11	+0.145%	$5K	$32K	20x	as long as short
Lighter NOWlong	+0.0032%	1h	137.91	long leg	$5K	$178	5x
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.370%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.83	−0.058%	—	—	25x	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	137.73	−0.131%	$316K	$621K	20x	as long as short
Binance NOWUSDT	+0.0170%	8h	137.97	+0.044%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDTshort	+0.0195%	8h	137.90	−0.007%	$46K	$17K	20x
Bybit NOWUSDT	+0.0236%	8h	138.01	+0.073%	$1.6M	$3.9M	25x	as long as short
tradeXYZ xyz:NOW	+0.0297%	1h	137.89	−0.015%	$2.1M	$226K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0401%	8h	138.01	+0.071%	$533	$149K	10x	as long as short