Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest+0.050%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 SunX

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. SunX is 0.050% dearer against Vest than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOW-USD-PERP	139.98	0.0046	pay 0.0006% / 1h	42m 59s	—	—	25x
Short	SunX NOW-USDT	140.05	0	get 0.0000% / 8h	5h 42m	$1K	$266K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$9.59
Price spread: +0.050% → 0.000%: $5
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.59
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; SunX: live order book, 60 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 SunX live order book, 60 min ago	46.54 bp	65.4 bp −$65	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 exchanges

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
QFEX NOW-USD	−0.0001%	1h	139.92	−0.043%	$1.1M	$1.4M	10x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	140.19	+0.150%	$520K	$258K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	140.09	+0.079%	$241K	$336K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.93	−0.036%	$816K	$285K	20x	as long as short
SunX NOW-USDTshort	0.0000%	8h	140.05	+0.050%	$1K	$266K	10x
HTX NOW-USDT	0.0000%	8h	140.14	+0.114%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.04	+0.043%	$5K	$309	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.129%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	139.98	long leg	—	—	25x
Aster NOWUSDT	+0.0087%	8h	140.29	+0.222%	$41K	$4K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	140.07	+0.064%	$305K	$770K	20x	as long as short
BloFin NOW-USDT	+0.0177%	8h	140.15	+0.121%	$47K	$19K	20x	as long as short
Binance NOWUSDT	+0.0186%	8h	140.12	+0.103%	$1.9M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0331%	8h	140.12	+0.100%	$1.6M	$187K	25x	as long as short
tradeXYZ xyz:NOW	+0.0335%	1h	139.99	+0.007%	$2.1M	$243K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0381%	8h	140.03	+0.035%	$563	$120K	10x	as long as short