Settings8H · net · $10k
Funding arb · Price arb /

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0302%/8h= −33.1% APRnext payment $0.38 per $10,000 · paid last 24h −0.034%
Price spread now: Injective against tradeXYZ+1.400%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno 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. Injective is 1.400% dearer against tradeXYZ than usual: you sell high and buy low (spread +1.400% now, against zero (this spread has no 7-day history yet)): +$140 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 15 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:NOW137.870.0335pay 0.0042% / 1h13m 20s$2.1M$229K10x
ShortInjective NOW/USDC PERP139.800.0033get 0.0004% / 1h13m 20s$3K$10112x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$63.39
Price spread: +1.400% → 0.000%
$139.99
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$58.58
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: tradeXYZ: live order book, 4 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 4 min ago3.26 bp27.4 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NOWUSDT0.0000%8h138.81+0.685%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h137.94+0.051%$488K$227K20xas long as short
QFEX NOW-USD0.0000%1h137.79−0.058%$1.1M$1.9M10xas long as short
Gate NOW_USDT0.0000%8h138.00+0.094%$245K$372K20xas long as short
Bitget NOWUSDT0.0000%8h137.96+0.065%$781K$234K20xas long as short
SunX NOW-USDT0.0000%8h138.05+0.131%$947$401K10xas long as short
HTX NOW-USDT0.0000%8h138.04+0.123%$5K$29K20xas long as short
Lighter NOW+0.0032%1h137.91+0.029%$5K$1785xas long as short
Injective NOW/USDC PERPshort+0.0033%1h139.80+1.400%$3K$10112x
Vest NOW-USD-PERP+0.0046%1h137.81−0.044%25xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h137.84−0.022%$316K$658K20xas long as short
Binance NOWUSDT+0.0146%8h138.02+0.112%$1.8M$1.5M20xas long as short
Bybit NOWUSDT+0.0169%8h138.01+0.102%$1.6M$5.1M25xas long as short
tradeXYZ xyz:NOWlong+0.0335%1h137.87long leg$2.1M$229K10x
GRVT NOW_USDT_Perp+0.0566%8h138.02+0.105%$305$152K10xas long as short