Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h +0.013%

Price spread now: Injective against BloFin+1.260%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

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—needs both histories

The price spread pays, funding is against you. Injective is 1.260% dearer against BloFin than usual: you sell high and buy low (spread +1.260% now, against zero (this spread has no 7-day history yet)): +$126 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 57 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NOW-USDT	138.06	0.0107	pay 0.0107% / 8h	6h 58m	$45K	$17K	20x
Short	Injective NOW/USDC PERP	139.80	0.0033	get 0.0004% / 1h	58m 30s	$3K	$101	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +1.260%Rate

Funding earned: −$15.48
Price spread: +1.260% → 0.000%: $126.03
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $98.53
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: no order-book sample; Injective: no order-book sample. 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 BloFin no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

BloFin and Injective: 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
Aster NOWUSDT	0.0000%	8h	138.46	+0.293%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	138.11	+0.036%	$498K	$212K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.88	−0.130%	$1.1M	$2.1M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.03	−0.022%	$245K	$368K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.19	+0.094%	$781K	$236K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.19	+0.094%	$1K	$410K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.25	+0.138%	$5K	$29K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.02	−0.029%	$5K	$173	5x	as long as short
Injective NOW/USDC PERPshort	+0.0033%	1h	139.80	+1.260%	$3K	$101	12x
Vest NOW-USD-PERP	+0.0046%	1h	137.90	−0.116%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NOWUSDT	+0.0075%	8h	138.03	−0.022%	$1.5M	$5.7M	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.93	−0.094%	$316K	$658K	20x	as long as short
Binance NOWUSDT	+0.0101%	8h	138.00	−0.044%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDTlong	+0.0107%	8h	138.06	long leg	$45K	$17K	20x
tradeXYZ xyz:NOW	+0.0288%	1h	137.84	−0.159%	$2.1M	$231K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0910%	8h	138.24	+0.130%	$223	$157K	10x	as long as short