Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.057%

Price spread now: Aster against tradeXYZ+0.185%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.185% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.185% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOW	138.91	0.0239	pay 0.0030% / 1h	5m 55s	$2.1M	$227K	10x
Short	Aster NOWUSDT	139.17	0.0050	get 0.0050% / 8h	2h 05m	$41K	$995	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$39.68
Price spread: +0.185% → 0.000%: $18.46
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$47.22
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 1 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 tradeXYZ live order book, 1 min ago	3.60 bp	29.2 bp −$29	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
OKX NOW-USDT-SWAP	0.0000%	8h	138.85	−0.043%	$495K	$232K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.83	−0.058%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.90	−0.007%	$253K	$350K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.71	−0.144%	$769K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.92	+0.007%	$1K	$353K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.91	0.000%	$5K	$35K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.81	−0.072%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.641%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.87	−0.029%	—	—	25x	as long as short
Aster NOWUSDTshort	+0.0050%	8h	139.17	+0.185%	$41K	$995	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	138.72	−0.137%	$319K	$633K	20x	as long as short
Binance NOWUSDT	+0.0206%	8h	138.92	+0.007%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0230%	8h	138.93	+0.014%	$46K	$18K	20x	as long as short
Bybit NOWUSDT	+0.0234%	8h	138.90	−0.007%	$1.6M	$1.7M	25x	as long as short
tradeXYZ xyz:NOWlong	+0.0239%	1h	138.91	long leg	$2.1M	$227K	10x
GRVT NOW_USDT_Perp	+0.0321%	8h	138.93	+0.014%	$604	$144K	10x	as long as short