Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0462%/8h= −50.6% APRpaid last 24h −0.058%

Price spread now: Aster against tradeXYZ+0.362%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.362% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.362% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOW	139.56	0.0538	pay 0.0067% / 1h	59m 17s	$2.1M	$236K	10x
Short	Aster NOWUSDT	140.07	0.0076	get 0.0076% / 8h	7h 59m	$42K	$859	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.362%Rate

Funding earned: −$97.01
Price spread: +0.362% → 0.000%: $36.24
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$86.77
Costs to cover: 0.260%
Break-even: from the start

Slippage unknown: tradeXYZ: live order book, 8 min ago; 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 tradeXYZ live order book, 8 min ago	3.94 bp	23.2 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
Bybit NOWUSDT	0.0000%	8h	139.71	+0.107%	$1.6M	$295K	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	139.49	−0.050%	$508K	$253K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.59	+0.021%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.54	−0.014%	$253K	$304K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.57	+0.007%	$778K	$258K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.55	−0.007%	$1K	$325K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.50	−0.043%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.59	+0.021%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.172%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.51	−0.036%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NOWUSDTshort	+0.0076%	8h	140.07	+0.362%	$42K	$859	20x
KuCoin NOWUSDTM	+0.0100%	8h	139.49	−0.050%	$318K	$658K	20x	as long as short
BloFin NOW-USDT	+0.0146%	8h	139.84	+0.201%	$46K	$18K	20x	as long as short
Binance NOWUSDT	+0.0154%	8h	139.68	+0.086%	$1.9M	$1.5M	20x	as long as short
GRVT NOW_USDT_Perp	+0.0284%	8h	139.53	−0.021%	$187	$138K	10x	as long as short
tradeXYZ xyz:NOWlong	+0.0538%	1h	139.56	long leg	$2.1M	$236K	10x