Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0173%/8h= −19.0% APRpaid last 24h +0.014%

Price spread now: Vest against Binance−0.127%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Vest

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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.127% cheaper against Binance than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOWUSDT	138.52	0.0219	pay 0.0219% / 8h	2h 45m	$1.8M	$1.4M	20x
Short	Vest NOW-USD-PERP	138.34	0.0046	get 0.0006% / 1h	45m 02s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Binance. 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 BinancebpFee VestbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$36.4
Price spread: −0.127% → 0.000%: −$12.69
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$61.09
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 4 min ago; Vest: no order-book sample. 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 Binance live order book, 4 min ago	1.44 bp	12.9 bp −$13	53.3 bp −$533	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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
OKX NOW-USDT-SWAP	0.0000%	8h	138.58	+0.046%	$494K	$230K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.32	−0.141%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.46	−0.040%	$253K	$346K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.38	−0.098%	$767K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.50	−0.011%	$749	$367K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.51	−0.004%	$5K	$34K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.38	−0.098%	$5K	$171	5x	as long as short
Aster NOWUSDT	+0.0032%	8h	138.76	+0.177%	$41K	$995	20x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.927%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPshort	+0.0046%	1h	138.34	−0.127%	—	—	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	138.28	−0.170%	$317K	$632K	20x	as long as short
Binance NOWUSDTlong	+0.0219%	8h	138.52	long leg	$1.8M	$1.4M	20x
BloFin NOW-USDT	+0.0226%	8h	138.49	−0.019%	$46K	$17K	20x	as long as short
Bybit NOWUSDT	+0.0233%	8h	138.46	−0.040%	$1.6M	$2.3M	25x	as long as short
tradeXYZ xyz:NOW	+0.0288%	1h	138.37	−0.105%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0360%	8h	138.46	−0.040%	$220	$146K	10x	as long as short