Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0300%/8h= +32.9% APRpaid last 24h +0.058%

Price spread now: tradeXYZ against Aster−0.734%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 6 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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.734% cheaper against Aster than usual: you would sell low and buy high (spread −0.734% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$73 on $10k: about 8.2 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOWUSDT	140.31	0.0075	pay 0.0075% / 8h	32m 40s	$42K	$859	20x
Short	tradeXYZ xyz:NOW	139.28	0.0375	get 0.0047% / 1h	32m 40s	$2.1M	$238K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.734%Rate

Funding earned: $63
Price spread: −0.734% → 0.000%: −$73.43
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$36.43
Costs to cover: 0.260%
Break-even: 11.0 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago	2.87 bp	19.1 bp −$19	doesn't fit	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
OKX NOW-USDT-SWAP	0.0000%	8h	139.50	−0.578%	$507K	$252K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.26	−0.749%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.31	−0.713%	$253K	$346K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.36	−0.677%	$770K	$263K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.42	−0.635%	$1K	$330K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.44	−0.620%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.35	−0.684%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.364%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.29	−0.727%	—	—	25x	as long as short
Aster NOWUSDTlong	+0.0075%	8h	140.31	long leg	$42K	$859	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	139.38	−0.663%	$316K	$642K	20x	as long as short
BloFin NOW-USDT	+0.0159%	8h	139.35	−0.684%	$46K	$18K	20x	as long as short
Binance NOWUSDT	+0.0161%	8h	139.42	−0.635%	$1.8M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0164%	8h	139.31	−0.713%	$1.6M	$294K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0284%	8h	139.40	−0.649%	$245	$139K	10x	as long as short
tradeXYZ xyz:NOWshort	+0.0375%	1h	139.28	−0.734%	$2.1M	$238K	10x