Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: OKX against Vest+0.102%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 OKX

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

The price spread pays, funding is against you. OKX is 0.102% dearer against Vest than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOW-USD-PERP	137.64	0.0046	pay 0.0006% / 1h	25m 25s	—	—	25x
Short	OKX NOW-USDT-SWAP	137.78	0	get 0.0000% / 8h	5h 25m	$488K	$228K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$9.59
Price spread: +0.102% → 0.000%: $10.17
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$11.42
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: live order book, 35 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 OKX live order book, 35 min ago	9.43 bp	17.6 bp −$18	1144.3 bp −$11.4K	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	138.68	+0.753%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAPshort	0.0000%	8h	137.78	+0.102%	$488K	$228K	20x
QFEX NOW-USD	0.0000%	1h	137.65	+0.007%	$1.1M	$1.9M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.87	+0.167%	$248K	$370K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.84	+0.145%	$780K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.94	+0.218%	$833	$386K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.02	+0.276%	$5K	$31K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.80	+0.116%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.569%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	137.64	long leg	—	—	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	137.67	+0.022%	$316K	$644K	20x	as long as short
Bybit NOWUSDT	+0.0201%	8h	137.85	+0.153%	$1.6M	$4.9M	25x	as long as short
Binance NOWUSDT	+0.0211%	8h	137.86	+0.160%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0213%	8h	137.90	+0.189%	$46K	$17K	20x	as long as short
tradeXYZ xyz:NOW	+0.0403%	1h	137.71	+0.051%	$2.1M	$229K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0583%	8h	137.92	+0.203%	$177	$151K	10x	as long as short