Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0259%/8h= +28.3% APRpaid last 24h −0.006%

Price spread now: BloFin against QFEX+0.181%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 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 for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.181% dearer against QFEX than usual: you sell high and buy low: +$18 more if the spread 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	137.78	0	get 0.0000% / 1h	26m 33s	$1.1M	$1.5M	10x
Short	BloFin NOW-USDT	138.03	0.0259	get 0.0259% / 8h	3h 26m	$46K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.181%Rate

Funding earned: $54.36
Price spread: +0.181% → 0.000%: $18.14
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $50.5
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: QFEX: live order book, 5 min ago; 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 QFEX live order book, 5 min ago	2.54 bp	10.4 bp −$10	18.1 bp −$181	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

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
OKX NOW-USDT-SWAP	0.0000%	8h	137.91	+0.094%	$491K	$227K	20x	as long as short
QFEX NOW-USDlong	0.0000%	1h	137.78	long leg	$1.1M	$1.5M	10x
Gate NOW_USDT	0.0000%	8h	137.98	+0.145%	$248K	$353K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.95	+0.123%	$788K	$240K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.04	+0.189%	$1K	$380K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.78	0.000%	$5K	$33K	20x	as long as short
Aster NOWUSDT	+0.0024%	8h	138.14	+0.259%	$41K	$995	20x	as long as short
Lighter NOW	+0.0032%	1h	137.98	+0.145%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.466%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.82	+0.029%	—	—	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	137.84	+0.044%	$316K	$633K	20x	as long as short
Bybit NOWUSDT	+0.0214%	8h	137.98	+0.145%	$1.6M	$2.9M	25x	as long as short
Binance NOWUSDT	+0.0240%	8h	138.03	+0.181%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDTshort	+0.0259%	8h	138.03	+0.181%	$46K	$17K	20x
tradeXYZ xyz:NOW	+0.0300%	1h	137.90	+0.087%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0453%	8h	138.04	+0.189%	$295	$147K	10x	as long as short