Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: OKX against Vest+0.021%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 OKX

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. OKX is 0.021% dearer against Vest than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOW-USD-PERP	140.68	0.0046	pay 0.0006% / 1h	40m 55s	—	—	25x
Short	OKX NOW-USDT-SWAP	140.71	0	get 0.0000% / 8h	7h 40m	$513K	$236K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$9.59
Price spread: +0.021% → 0.000%: $2.13
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.46
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: live order book, 55 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 OKX live order book, 55 min ago	12.20 bp	22.2 bp −$22	973.7 bp −$9,737	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-SWAPshort	0.0000%	8h	140.71	+0.021%	$513K	$236K	20x
QFEX NOW-USD	0.0000%	1h	140.62	−0.043%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	140.62	−0.043%	$255K	$308K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	140.59	−0.064%	$786K	$259K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	140.68	0.000%	$1K	$305K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	140.86	+0.128%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.56	−0.085%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.626%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	140.68	long leg	—	—	25x
Aster NOWUSDT	+0.0091%	8h	141.22	+0.382%	$42K	$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	140.53	−0.107%	$315K	$662K	20x	as long as short
Binance NOWUSDT	+0.0176%	8h	140.77	+0.064%	$1.9M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0185%	8h	140.57	−0.078%	$46K	$18K	20x	as long as short
tradeXYZ xyz:NOW	+0.0323%	1h	140.52	−0.114%	$2.1M	$236K	10x	as long as short
Bybit NOWUSDT	+0.0391%	8h	140.70	+0.014%	$1.6M	$295K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0606%	8h	140.69	+0.008%	$165	$137K	10x	as long as short