Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against OKX−0.029%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$890.889% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 3 days (all we have)−0.004%$0 · spread now −0.029%, 7d avg +0.033%

Together, before fees+0.018%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.062% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOW-USDT-SWAP	137.87	0	get 0.0000% / 8h	1h 20m	$484K	$196K	20x
Short	GRVT NOW_USDT_Perp	137.83	0	get 0.0000% / 8h	1h 20m	$222	$170K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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 OKXbpFee GRVTbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.033%: −$6.24
Slippage, 4 orders: −$69.94
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$95.17
Costs to cover: 0.889%
Break-even: never at this rate

Slippage from OKX: live order book, 60 min ago; GRVT: live order book, 61 min ago.

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 OKX live order book, 60 min ago	9.44 bp	22.9 bp −$23	1804.1 bp −$18.0K	doesn't fit	doesn't fit
Sell GRVT live order book, 61 min ago	5.80 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit

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
BloFin NOW-USDT	−0.0004%	8h	137.94	+0.051%	$45K	$17K	20x	as long as short
Aster NOWUSDT	0.0000%	8h	137.89	+0.017%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.90	+0.022%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.92	+0.036%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAPlong	0.0000%	8h	137.87	long leg	$484K	$196K	20x
QFEX NOW-USD	0.0000%	1h	137.80	−0.051%	$1.1M	$2.1M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.89	+0.015%	$251K	$405K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.85	−0.015%	$762K	$263K	20x	as long as short
GRVT NOW_USDT_Perpshort	0.0000%	8h	137.83	−0.029%	$222	$170K	10x
SunX NOW-USDT	0.0000%	8h	137.91	+0.029%	$778	$439K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.94	+0.051%	$5K	$26K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.82	−0.036%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.400%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.81	−0.044%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.72	−0.109%	$317K	$738K	20x	as long as short
tradeXYZ xyz:NOW	+0.0248%	1h	137.82	−0.036%	$2.1M	$200K	10x	as long as short