Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Aster against Lighter+0.033%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.033% dearer against Lighter than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NOW	137.80	0.0032	pay 0.0004% / 1h	41m 31s	$5K	$173	5x
Short	Aster NOWUSDT	137.85	0	get 0.0000% / 8h	41m 31s	$41K	$995	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$6.72
Price spread: +0.033% → 0.000%: $3.35
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$11.37
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Aster: 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 Lighter no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Lighter and Aster: 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
BloFin NOW-USDT	−0.0024%	8h	137.91	+0.080%	$45K	$17K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.71	−0.065%	$1.1M	$2.1M	10x	as long as short
Aster NOWUSDTshort	0.0000%	8h	137.85	+0.033%	$41K	$995	20x
Binance NOWUSDT	0.0000%	8h	137.88	+0.058%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.82	+0.015%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.051%	$484K	$196K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.85	+0.036%	$251K	$396K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.85	+0.036%	$762K	$274K	20x	as long as short
GRVT NOW_USDT_Perp	0.0000%	8h	137.88	+0.060%	$415	$168K	10x	as long as short
SunX NOW-USDT	0.0000%	8h	137.92	+0.087%	$794	$435K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.93	+0.094%	$5K	$27K	20x	as long as short
Lighter NOWlong	+0.0032%	1h	137.80	long leg	$5K	$173	5x
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.451%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.73	−0.051%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.62	−0.131%	$317K	$708K	20x	as long as short
tradeXYZ xyz:NOW	+0.0269%	1h	137.79	−0.007%	$2.1M	$201K	10x	as long as short