Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.012%

Price spread now: Injective against HTX+1.393%65s7-day average — · you sell dearer than you buy

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

Long on HTX 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.393% dearer against HTX than usual: you sell high and buy low: +$139 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 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	HTX NOW-USDT	137.88	0	get 0.0000% / 8h	6h 16m	$5K	$29K	20x
Short	Injective NOW/USDC PERP	139.80	0.0033	get 0.0004% / 1h	16m 16s	$3K	$101	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +1.393%Rate

Funding earned: $7
Price spread: +1.393% → 0.000%: $139.25
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $134.23
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: 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 HTX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

HTX 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 15 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	138.72	+0.611%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.94	+0.044%	$488K	$227K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.75	−0.094%	$1.1M	$1.9M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.01	+0.094%	$245K	$372K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.96	+0.058%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.05	+0.123%	$947	$401K	10x	as long as short
HTX NOW-USDTlong	0.0000%	8h	137.88	long leg	$5K	$29K	20x
Lighter NOW	+0.0032%	1h	137.91	+0.022%	$5K	$178	5x	as long as short
Injective NOW/USDC PERPshort	+0.0033%	1h	139.80	+1.393%	$3K	$101	12x
Vest NOW-USD-PERP	+0.0046%	1h	137.77	−0.080%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	137.85	−0.022%	$316K	$658K	20x	as long as short
Binance NOWUSDT	+0.0138%	8h	138.05	+0.123%	$1.8M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0157%	8h	138.06	+0.131%	$1.6M	$5.1M	25x	as long as short
tradeXYZ xyz:NOW	+0.0325%	1h	137.86	−0.015%	$2.1M	$229K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0543%	8h	137.96	+0.059%	$305	$152K	10x	as long as short