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 SunX−0.195%7-day average — · you buy dearer than you sell

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

Long on SunX 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 0.195% cheaper against SunX than usual: you would sell low and buy high (spread −0.195% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 14 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	SunX NOW-USDT	138.45	0	get 0.0000% / 8h	7h 23m	$849	$424K	10x
Short	Vest NOW-USD-PERP	138.18	0.0046	get 0.0006% / 1h	23m 38s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against SunX. 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 SunXbpFee VestbpOrdersPrice spread, now −0.195%Rate

Funding earned: $9.59
Price spread: −0.195% → 0.000%: −$19.5
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$19.91
Costs to cover: 0.100%
Break-even: 21.5 days

Slippage unknown: SunX: live order book, 27 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 SunX live order book, 27 min ago	47.48 bp	65.5 bp −$65	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	138.52	+0.050%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	138.44	−0.007%	$500K	$210K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.11	−0.246%	$1.1M	$2.1M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.39	−0.043%	$246K	$378K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.34	−0.079%	$770K	$243K	20x	as long as short
SunX NOW-USDTlong	0.0000%	8h	138.45	long leg	$849	$424K	10x
HTX NOW-USDT	0.0000%	8h	138.44	−0.007%	$5K	$28K	20x	as long as short
BloFin NOW-USDT	+0.0019%	8h	138.47	+0.014%	$45K	$17K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.34	−0.079%	$5K	$173	5x	as long as short
Bybit NOWUSDT	+0.0032%	8h	138.33	−0.087%	$1.5M	$5.7M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NOWUSDT	+0.0032%	8h	138.42	−0.022%	$1.8M	$1.5M	20x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.975%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPshort	+0.0046%	1h	138.18	−0.195%	—	—	25x
KuCoin NOWUSDTM	+0.0100%	8h	138.21	−0.173%	$317K	$662K	20x	as long as short
tradeXYZ xyz:NOW	+0.0230%	1h	138.23	−0.159%	$2.1M	$231K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0842%	8h	138.48	+0.022%	$256	$163K	10x	as long as short