Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: QFEX against Aster−0.500%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on QFEX

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.500% cheaper against Aster than usual: you would sell low and buy high, −$50 on $10k if it 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	Aster NOWUSDT	138.56	0	get 0.0000% / 8h	3h 47m	$41K	$995	20x
Short	QFEX NOW-USD	137.87	0	get 0.0000% / 1h	47m 43s	$1.1M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now −0.500%Rate

Funding earned: $0
Price spread: −0.500% → 0.000%: −$50.02
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$68.02
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 4 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 Aster no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	1.45 bp	11.0 bp −$11	17.7 bp −$177	doesn't fit	doesn't fit

Aster: 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 NOWUSDTlong	0.0000%	8h	138.56	long leg	$41K	$995	20x
OKX NOW-USDT-SWAP	0.0000%	8h	137.92	−0.464%	$491K	$226K	20x	as long as short
QFEX NOW-USDshort	0.0000%	1h	137.87	−0.500%	$1.1M	$1.5M	10x
Gate NOW_USDT	0.0000%	8h	138.11	−0.327%	$249K	$348K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.98	−0.421%	$781K	$235K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.13	−0.313%	$801	$381K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.17	−0.284%	$5K	$33K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.07	−0.356%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.893%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.89	−0.486%	—	—	25x	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	137.88	−0.493%	$317K	$635K	20x	as long as short
BloFin NOW-USDT	+0.0179%	8h	138.16	−0.291%	$46K	$17K	20x	as long as short
Binance NOWUSDT	+0.0202%	8h	138.14	−0.305%	$1.8M	$1.4M	20x	as long as short
Bybit NOWUSDT	+0.0212%	8h	138.12	−0.320%	$1.6M	$3.3M	25x	as long as short
GRVT NOW_USDT_Perp	+0.0404%	8h	138.07	−0.353%	$360	$147K	10x	as long as short
tradeXYZ xyz:NOW	+0.0424%	1h	137.97	−0.428%	$2.1M	$226K	10x	as long as short