Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0278%/8h= +30.4% APRpaid last 24h +0.052%

Price spread now: tradeXYZ against Aster−0.154%7-day average — · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. tradeXYZ is 0.154% cheaper against Aster than usual: you would sell low and buy high (spread −0.154% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 44 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOWUSDT	138.10	0	get 0.0000% / 8h	4h 34m	$41K	$995	20x
Short	tradeXYZ xyz:NOW	137.89	0.0278	get 0.0035% / 1h	34m 00s	$2.1M	$226K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aster. 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 AsterbpFee tradeXYZbpOrdersPrice spread, now −0.154%Rate

Funding earned: $58.37
Price spread: −0.154% → 0.000%: −$15.39
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $16.97
Costs to cover: 0.260%
Break-even: 5.0 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 4 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 Aster no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 4 min ago	2.54 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit

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
QFEX NOW-USD	0.0000%	1h	137.81	−0.212%	$1.1M	$1.7M	10x	as long as short
Aster NOWUSDTlong	0.0000%	8h	138.10	long leg	$41K	$995	20x
OKX NOW-USDT-SWAP	0.0000%	8h	138.00	−0.074%	$492K	$227K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.93	−0.125%	$248K	$351K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.91	−0.139%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.97	−0.096%	$553	$385K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.06	−0.031%	$5K	$32K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.91	−0.139%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.229%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.82	−0.205%	—	—	25x	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	137.86	−0.176%	$318K	$619K	20x	as long as short
BloFin NOW-USDT	+0.0179%	8h	138.04	−0.045%	$46K	$17K	20x	as long as short
Binance NOWUSDT	+0.0184%	8h	137.98	−0.090%	$1.8M	$1.4M	20x	as long as short
Bybit NOWUSDT	+0.0259%	8h	138.02	−0.060%	$1.6M	$4.3M	25x	as long as short
tradeXYZ xyz:NOWshort	+0.0278%	1h	137.89	−0.154%	$2.1M	$226K	10x
GRVT NOW_USDT_Perp	+0.0438%	8h	138.02	−0.060%	$552	$149K	10x	as long as short