Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: KuCoin against Vest+0.029%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 KuCoin

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 +$2 a day on $10k at the current rate, and KuCoin is 0.029% dearer against Vest than usual: you sell high and buy low: +$3 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	137.81	0.0046	pay 0.0006% / 1h	13m 37s	—	—	25x
Short	KuCoin NOWUSDTM	137.85	0.0100	get 0.0100% / 8h	6h 13m	$316K	$658K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: $11.41
Price spread: +0.029% → 0.000%: $2.9
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.31
Costs to cover: 0.140%
Break-even: 6.8 days

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 25 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 KuCoin live order book, 25 min ago	6.16 bp	711.6 bp −$712	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 15 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	138.82	+0.733%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.94	+0.094%	$488K	$227K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.79	−0.015%	$1.1M	$1.9M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.00	+0.138%	$245K	$372K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.95	+0.102%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.05	+0.174%	$947	$401K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.04	+0.167%	$5K	$29K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.91	+0.073%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.444%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	137.81	long leg	—	—	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTMshort	+0.0100%	8h	137.85	+0.029%	$316K	$658K	20x
Binance NOWUSDT	+0.0146%	8h	138.02	+0.155%	$1.8M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0169%	8h	138.01	+0.145%	$1.6M	$5.1M	25x	as long as short
tradeXYZ xyz:NOW	+0.0334%	1h	137.84	+0.022%	$2.1M	$229K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0566%	8h	138.02	+0.149%	$305	$152K	10x	as long as short