Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Gate−0.058%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Vest

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. Vest is 0.058% cheaper against Gate than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOW_USDT	137.84	0	get 0.0000% / 8h	7h 47m	$250K	$364K	20x
Short	Vest NOW-USD-PERP	137.76	0.0046	get 0.0006% / 1h	47m 53s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Gate. 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 GatebpFee VestbpOrdersPrice spread, now −0.058%Rate

Funding earned: $9.59
Price spread: −0.058% → 0.000%: −$5.8
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: −$13.21
Costs to cover: 0.170%
Break-even: 16.6 days

Slippage unknown: Gate: live order book, 22 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 Gate live order book, 22 min ago	16.32 bp	125.1 bp −$125	doesn't fit	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 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	137.89	+0.034%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.89	+0.039%	$1.6M	$1.2M	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.89	+0.036%	$498K	$207K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.74	−0.073%	$1.1M	$2.1M	10x	as long as short
Gate NOW_USDTlong	0.0000%	8h	137.84	long leg	$250K	$364K	20x
Bitget NOWUSDT	0.0000%	8h	137.84	0.000%	$764K	$228K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.95	+0.080%	$843	$427K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.90	+0.044%	$5K	$28K	20x	as long as short
BloFin NOW-USDT	+0.0011%	8h	137.99	+0.109%	$45K	$17K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.90	+0.044%	$5K	$173	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.422%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPshort	+0.0046%	1h	137.76	−0.058%	—	—	25x
Bybit NOWUSDT	+0.0085%	8h	137.90	+0.044%	$1.5M	$5.7M	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.57	−0.196%	$317K	$674K	20x	as long as short
GRVT NOW_USDT_Perp	+0.0161%	8h	137.97	+0.096%	$370	$165K	10x	as long as short
tradeXYZ xyz:NOW	+0.0175%	1h	137.78	−0.044%	$2.1M	$201K	10x	as long as short