Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against QFEX+0.334%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.334% dearer against QFEX than usual: you sell high and buy low, +$33 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NOW-USD	137.80	0.0000	get 0.0000% / 1h	26m 18s	$1.1M	$1.7M	10x
Short	Aster NOWUSDT	138.26	0	get 0.0000% / 8h	4h 26m	$41K	$995	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.334%Rate

Funding earned: $0.05
Price spread: +0.334% → 0.000%: $33.39
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $15.44
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: QFEX: live order book, 6 min ago; Aster: 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 QFEX live order book, 6 min ago	227.12 bp	233.9 bp −$234	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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-USDlong	0.0000%	1h	137.80	long leg	$1.1M	$1.7M	10x
Aster NOWUSDTshort	0.0000%	8h	138.26	+0.334%	$41K	$995	20x
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.051%	$491K	$227K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.94	+0.102%	$248K	$352K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.91	+0.080%	$781K	$233K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.97	+0.123%	$611	$383K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.93	+0.094%	$5K	$32K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.85	+0.036%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.451%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.81	+0.007%	—	—	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	137.79	−0.007%	$317K	$621K	20x	as long as short
Binance NOWUSDT	+0.0170%	8h	137.99	+0.140%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0174%	8h	137.97	+0.123%	$46K	$17K	20x	as long as short
Bybit NOWUSDT	+0.0243%	8h	138.01	+0.152%	$1.6M	$4.1M	25x	as long as short
tradeXYZ xyz:NOW	+0.0284%	1h	137.88	+0.058%	$2.1M	$226K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0408%	8h	138.01	+0.152%	$533	$149K	10x	as long as short