Funding arb · Price arb /

NOW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.012%

Price spread now: HTX against Injective−0.050%7-day average — · you buy dearer than you sell

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

Long on Injective Short on HTX

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.050% cheaper against Injective than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NOW/USDC PERP	139.80	0.0033	pay 0.0004% / 1h	6m 54s	$3K	$101	12x
Short	HTX NOW-USDT	139.73	0	get 0.0000% / 8h	6m 54s	$5K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$7
Price spread: −0.050% → 0.000%: −$5.01
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.03
Costs to cover: 0.120%
Break-even: never at this rate

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

Injective and HTX: 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
OKX NOW-USDT-SWAP	0.0000%	8h	139.43	−0.265%	$507K	$252K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.42	−0.272%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.55	−0.179%	$253K	$348K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.49	−0.222%	$773K	$264K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.64	−0.114%	$1K	$325K	10x	as long as short
HTX NOW-USDTshort	0.0000%	8h	139.73	−0.050%	$5K	$36K	20x
Lighter NOW	+0.0032%	1h	139.46	−0.243%	$5K	$171	5x	as long as short
Injective NOW/USDC PERPlong	+0.0033%	1h	139.80	long leg	$3K	$101	12x
Vest NOW-USD-PERP	+0.0046%	1h	139.48	−0.229%	—	—	25x	as long as short
Aster NOWUSDT	+0.0070%	8h	139.83	+0.020%	$41K	$859	20x	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	139.54	−0.186%	$316K	$653K	20x	as long as short
Binance NOWUSDT	+0.0148%	8h	139.55	−0.179%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0164%	8h	139.60	−0.143%	$46K	$18K	20x	as long as short
Bybit NOWUSDT	+0.0172%	8h	139.56	−0.172%	$1.6M	$293K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0271%	8h	139.59	−0.149%	$193	$139K	10x	as long as short
tradeXYZ xyz:NOW	+0.0327%	1h	139.41	−0.279%	$2.1M	$236K	10x	as long as short