Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Bitget against Vest−0.058%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.058% cheaper against Vest than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOW-USD-PERP	138.35	0.0046	pay 0.0006% / 1h	0m 55s	—	—	25x
Short	Bitget NOWUSDT	138.27	0	get 0.0000% / 8h	3h 00m	$766K	$254K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Vest. 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 VestbpFee BitgetbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$9.59
Price spread: −0.058% → 0.000%: −$5.78
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$29.38
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bitget: live order book, 50 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Bitget live order book, 50 min ago	1.09 bp	12.8 bp −$13	40.2 bp −$402	doesn't fit	doesn't fit

Vest: 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	138.39	+0.029%	$493K	$228K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.32	−0.022%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.42	+0.051%	$249K	$354K	20x	as long as short
Bitget NOWUSDTshort	0.0000%	8h	138.27	−0.058%	$766K	$254K	20x
SunX NOW-USDT	0.0000%	8h	138.41	+0.043%	$660	$368K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.47	+0.087%	$5K	$34K	20x	as long as short
Aster NOWUSDT	+0.0023%	8h	139.09	+0.532%	$41K	$995	20x	as long as short
Lighter NOW	+0.0032%	1h	138.33	−0.014%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.048%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	138.35	long leg	—	—	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	138.20	−0.108%	$317K	$638K	20x	as long as short
Bybit NOWUSDT	+0.0214%	8h	138.37	+0.014%	$1.6M	$2.5M	25x	as long as short
Binance NOWUSDT	+0.0219%	8h	138.46	+0.076%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0249%	8h	138.44	+0.065%	$46K	$17K	20x	as long as short
tradeXYZ xyz:NOW	+0.0274%	1h	138.33	−0.014%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0404%	8h	138.39	+0.028%	$260	$147K	10x	as long as short