Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: KuCoin against Vest−0.094%50s7-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 KuCoin

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

Funding pays, the price is against you. KuCoin is 0.094% cheaper against Vest than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.8 days of funding at the current rate (+$2 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOW-USD-PERP	137.77	0.0046	pay 0.0006% / 1h	14m 47s	—	—	25x
Short	KuCoin NOWUSDTM	137.64	0.0100	get 0.0100% / 8h	14m 47s	$319K	$681K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.094%Rate

Funding earned: $11.41
Price spread: −0.094% → 0.000%: −$9.44
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.03
Costs to cover: 0.140%
Break-even: 14.4 days

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 49 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 KuCoin live order book, 49 min ago	14.18 bp	475.1 bp −$475	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
QFEX NOW-USD	0.0000%	1h	137.77	0.000%	$1.1M	$2.1M	10x	as long as short
Aster NOWUSDT	0.0000%	8h	137.90	+0.096%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.89	+0.087%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.82	+0.036%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.073%	$484K	$196K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.83	+0.044%	$251K	$397K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.90	+0.094%	$762K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.91	+0.102%	$866	$435K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.92	+0.109%	$5K	$28K	20x	as long as short
GRVT NOW_USDT_Perp	+0.0014%	8h	137.92	+0.109%	$404	$167K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin NOW-USDT	+0.0016%	8h	137.89	+0.087%	$45K	$17K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.84	+0.051%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.473%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	137.77	long leg	—	—	25x
KuCoin NOWUSDTMshort	+0.0100%	8h	137.64	−0.094%	$319K	$681K	20x
tradeXYZ xyz:NOW	+0.0309%	1h	137.79	+0.015%	$2.1M	$201K	10x	as long as short