Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0183%/8h= −20.1% APRpaid last 24h −0.064%

Price spread now: BloFin against tradeXYZ+0.136%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 BloFin

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 airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. BloFin is 0.136% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.136% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOW	139.28	0.0367	pay 0.0046% / 1h	30m 38s	$2.1M	$238K	10x
Short	BloFin NOW-USDT	139.47	0.0184	get 0.0184% / 8h	30m 38s	$46K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.136%Rate

Funding earned: −$38.53
Price spread: +0.136% → 0.000%: $13.64
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$54.89
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; BloFin: 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, 7 min ago	2.87 bp	17.1 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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	139.50	+0.158%	$507K	$252K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.27	−0.007%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.31	+0.022%	$253K	$346K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.38	+0.072%	$770K	$263K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.42	+0.101%	$938	$329K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.38	+0.072%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.35	+0.050%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.373%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.31	+0.022%	—	—	25x	as long as short
Aster NOWUSDT	+0.0074%	8h	140.29	+0.725%	$42K	$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	139.40	+0.086%	$317K	$641K	20x	as long as short
Bybit NOWUSDT	+0.0158%	8h	139.31	+0.022%	$1.6M	$294K	25x	as long as short
Binance NOWUSDT	+0.0159%	8h	139.42	+0.101%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDTshort	+0.0184%	8h	139.47	+0.136%	$46K	$18K	20x
GRVT NOW_USDT_Perp	+0.0284%	8h	139.40	+0.086%	$245	$139K	10x	as long as short
tradeXYZ xyz:NOWlong	+0.0367%	1h	139.28	long leg	$2.1M	$238K	10x