Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Gate against Vest+0.065%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 Gate

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

The price spread pays, funding is against you. Gate is 0.065% dearer against Vest than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOW-USD-PERP	139.47	0.0046	pay 0.0006% / 1h	9m 14s	—	—	25x
Short	Gate NOW_USDT	139.56	0	get 0.0000% / 8h	9m 14s	$254K	$347K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.065%Rate

Funding earned: −$9.59
Price spread: +0.065% → 0.000%: $6.45
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.14
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 26 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 Gate live order book, 26 min ago	25.47 bp	35.5 bp −$35	doesn't fit	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	139.50	+0.022%	$507K	$252K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.41	−0.043%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDTshort	0.0000%	8h	139.56	+0.065%	$254K	$347K	20x
Bitget NOWUSDT	0.0000%	8h	139.57	+0.072%	$773K	$264K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.63	+0.115%	$1K	$325K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.80	+0.237%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.51	+0.029%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.237%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	139.47	long leg	—	—	25x
Aster NOWUSDT	+0.0068%	8h	139.80	+0.233%	$41K	$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	139.56	+0.065%	$317K	$651K	20x	as long as short
Binance NOWUSDT	+0.0146%	8h	139.63	+0.116%	$1.8M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0170%	8h	139.64	+0.122%	$1.6M	$293K	25x	as long as short
BloFin NOW-USDT	+0.0174%	8h	139.66	+0.136%	$46K	$18K	20x	as long as short
GRVT NOW_USDT_Perp	+0.0271%	8h	139.59	+0.088%	$193	$139K	10x	as long as short
tradeXYZ xyz:NOW	+0.0326%	1h	139.45	−0.014%	$2.1M	$236K	10x	as long as short