Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0118%/8h= +13.0% APRpaid last 24h −0.014%

Price spread now: Binance against Vest+0.144%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Binance

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.144% dearer against Vest than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOW-USD-PERP	139.22	0.0046	pay 0.0006% / 1h	34m 09s	—	—	25x
Short	Binance NOWUSDT	139.42	0.0164	get 0.0164% / 8h	34m 09s	$1.8M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now +0.144%Rate

Funding earned: $24.86
Price spread: +0.144% → 0.000%: $14.37
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: $27.23
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Binance: live order book, 15 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 15 min ago	0.72 bp	16.7 bp −$17	65.8 bp −$658	doesn't fit	doesn't fit

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
OKX NOW-USDT-SWAP	0.0000%	8h	139.45	+0.165%	$507K	$252K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.15	−0.050%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.30	+0.057%	$253K	$346K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.32	+0.072%	$769K	$263K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.36	+0.101%	$1K	$329K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.44	+0.158%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.35	+0.093%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.417%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	139.22	long leg	—	—	25x
Aster NOWUSDT	+0.0075%	8h	140.33	+0.794%	$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	139.37	+0.108%	$316K	$642K	20x	as long as short
BloFin NOW-USDT	+0.0162%	8h	139.35	+0.093%	$46K	$18K	20x	as long as short
Binance NOWUSDTshort	+0.0164%	8h	139.42	+0.144%	$1.8M	$1.5M	20x
Bybit NOWUSDT	+0.0167%	8h	139.31	+0.065%	$1.6M	$294K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0274%	8h	139.40	+0.129%	$276	$140K	10x	as long as short
tradeXYZ xyz:NOW	+0.0381%	1h	139.28	+0.043%	$2.1M	$238K	10x	as long as short