Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h −0.014%

Price spread now: Bybit against Vest+0.102%47s7-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 Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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 +$1 a day on $10k at the current rate, and Bybit is 0.102% dearer against Vest than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOW-USD-PERP	137.76	0.0046	pay 0.0006% / 1h	47m 37s	—	—	25x
Short	Bybit NOWUSDT	137.90	0.0071	get 0.0071% / 8h	7h 47m	$1.5M	$5.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.102%Rate

Funding earned: $5.35
Price spread: +0.102% → 0.000%: $10.16
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $2.52
Costs to cover: 0.130%
Break-even: 3.7 days

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	2.17 bp	64.2 bp −$64	160.1 bp −$1,601	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
Aster NOWUSDT	0.0000%	8h	137.89	+0.092%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.90	+0.103%	$1.6M	$1.2M	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.89	+0.094%	$498K	$207K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.74	−0.015%	$1.1M	$2.1M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.83	+0.051%	$250K	$364K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.84	+0.058%	$764K	$228K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.95	+0.138%	$843	$427K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.90	+0.102%	$5K	$28K	20x	as long as short
BloFin NOW-USDT	+0.0011%	8h	137.99	+0.167%	$45K	$17K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.90	+0.102%	$5K	$173	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.481%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	137.76	long leg	—	—	25x
Bybit NOWUSDTshort	+0.0071%	8h	137.90	+0.102%	$1.5M	$5.7M	25x
KuCoin NOWUSDTM	+0.0100%	8h	137.56	−0.145%	$317K	$674K	20x	as long as short
GRVT NOW_USDT_Perp	+0.0161%	8h	137.97	+0.154%	$370	$165K	10x	as long as short
tradeXYZ xyz:NOW	+0.0175%	1h	137.78	+0.015%	$2.1M	$201K	10x	as long as short