Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h −0.012%

Price spread now: GRVT against Vest+0.165%7-day average — · you sell dearer than you buy

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

Long on Vest Short on GRVT

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 · GRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GRVT is 0.165% dearer against Vest than usual: you sell high and buy low: +$17 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	Vest NOW-USD-PERP	139.17	0.0046	pay 0.0006% / 1h	3m 11s	—	—	25x
Short	GRVT NOW_USDT_Perp	139.40	0.0257	get 0.0257% / 8h	1h 03m	$294	$141K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.165%Rate

Funding earned: $44.38
Price spread: +0.165% → 0.000%: $16.51
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $49.89
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; GRVT: live order book, 34 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 GRVT live order book, 34 min ago	3.96 bp	22.5 bp −$22	doesn't fit	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	139.23	+0.043%	$497K	$242K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.11	−0.043%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.24	+0.050%	$253K	$350K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.19	+0.014%	$768K	$260K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.39	+0.158%	$969	$336K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.25	+0.057%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.21	+0.029%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.453%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	139.17	long leg	—	—	25x
Aster NOWUSDT	+0.0052%	8h	139.71	+0.390%	$41K	$859	20x	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	139.24	+0.050%	$317K	$637K	20x	as long as short
tradeXYZ xyz:NOW	+0.0121%	1h	139.18	+0.007%	$2.1M	$238K	10x	as long as short
Bybit NOWUSDT	+0.0151%	8h	139.33	+0.115%	$1.6M	$670K	25x	as long as short
Binance NOWUSDT	+0.0163%	8h	139.30	+0.092%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0178%	8h	139.34	+0.122%	$46K	$18K	20x	as long as short
GRVT NOW_USDT_Perpshort	+0.0257%	8h	139.40	+0.165%	$294	$141K	10x