Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0334%/8h= −36.6% APRpaid last 24h −0.050%

Price spread now: HTX against tradeXYZ−0.015%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on HTX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOW	137.87	0.0334	pay 0.0042% / 1h	1m 00s	$2.1M	$229K	10x
Short	HTX NOW-USDT	137.85	0	get 0.0000% / 8h	5h 01m	$5K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$70.18
Price spread: −0.015% → 0.000%: −$1.45
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$101.63
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; 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 tradeXYZ live order book, 7 min ago	2.90 bp	26.6 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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
Aster NOWUSDT	0.0000%	8h	138.79	+0.664%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	138.04	+0.123%	$492K	$232K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.86	−0.007%	$1.1M	$1.8M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.96	+0.065%	$248K	$372K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.96	+0.065%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.99	+0.087%	$552	$386K	10x	as long as short
HTX NOW-USDTshort	0.0000%	8h	137.85	−0.015%	$5K	$31K	20x
Lighter NOW	+0.0032%	1h	137.91	+0.029%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.400%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.89	+0.015%	—	—	25x	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	137.82	−0.036%	$318K	$628K	20x	as long as short
Bybit NOWUSDT	+0.0165%	8h	137.95	+0.058%	$1.6M	$4.8M	25x	as long as short
BloFin NOW-USDT	+0.0179%	8h	137.98	+0.080%	$46K	$17K	20x	as long as short
Binance NOWUSDT	+0.0199%	8h	138.06	+0.137%	$1.8M	$1.4M	20x	as long as short
tradeXYZ xyz:NOWlong	+0.0334%	1h	137.87	long leg	$2.1M	$229K	10x
GRVT NOW_USDT_Perp	+0.0500%	8h	137.97	+0.075%	$570	$150K	10x	as long as short