Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.004%

Price spread now: Vest against Bybit−0.043%47s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Vest

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

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Vest is 0.043% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 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	Bybit NOWUSDT	140.31	0.0405	pay 0.0405% / 8h	6h 04m	$1.6M	$208K	25x
Short	Vest NOW-USD-PERP	140.25	0.0046	get 0.0006% / 1h	4m 40s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bybit. 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 BybitbpFee VestbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$75.54
Price spread: −0.043% → 0.000%: −$4.28
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$92.82
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Vest: 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 Bybit live order book, 5 min ago	2.85 bp	34.7 bp −$35	167.6 bp −$1,676	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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 exchanges

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	140.30	−0.007%	$513K	$252K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	140.18	−0.093%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	140.28	−0.021%	$240K	$354K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	140.30	−0.007%	$818K	$285K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	140.29	−0.014%	$786	$276K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	140.28	−0.021%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.29	−0.014%	$5K	$309	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.363%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPshort	+0.0046%	1h	140.25	−0.043%	—	—	25x
KuCoin NOWUSDTM	+0.0100%	8h	140.31	0.000%	$310K	$750K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NOWUSDT	+0.0111%	8h	140.31	+0.002%	$41K	$4K	20x	as long as short
Binance NOWUSDT	+0.0212%	8h	140.30	−0.005%	$1.9M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0236%	8h	140.53	+0.157%	$46K	$19K	20x	as long as short
tradeXYZ xyz:NOW	+0.0390%	1h	140.30	−0.007%	$2.1M	$244K	10x	as long as short
Bybit NOWUSDTlong	+0.0405%	8h	140.31	long leg	$1.6M	$208K	25x
GRVT NOW_USDT_Perp	+0.0559%	8h	140.55	+0.172%	$202	$119K	10x	as long as short