Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h +0.019%

Price spread now: Injective against BloFin+1.275%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

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—needs both histories

The price spread pays, funding is against you. Injective is 1.275% dearer against BloFin than usual: you sell high and buy low (spread +1.275% now, against zero (this spread has no 7-day history yet)): +$127 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NOW-USDT	138.04	0.0214	pay 0.0214% / 8h	3h 18m	$46K	$17K	20x
Short	Injective NOW/USDC PERP	139.80	0.0033	get 0.0004% / 1h	18m 05s	$3K	$101	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +1.275%Rate

Funding earned: −$37.84
Price spread: +1.275% → 0.000%: $127.5
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $77.64
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: no order-book sample; Injective: 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 BloFin no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

BloFin and Injective: 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	137.91	−0.094%	$491K	$227K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.79	−0.181%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.03	−0.007%	$248K	$353K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.96	−0.058%	$788K	$240K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.05	+0.007%	$1K	$380K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.05	+0.007%	$5K	$34K	20x	as long as short
Aster NOWUSDT	+0.0029%	8h	138.40	+0.260%	$41K	$995	20x	as long as short
Lighter NOW	+0.0032%	1h	138.02	−0.014%	$5K	$184	5x	as long as short
Injective NOW/USDC PERPshort	+0.0033%	1h	139.80	+1.275%	$3K	$101	12x
Vest NOW-USD-PERP	+0.0046%	1h	137.86	−0.130%	—	—	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	137.89	−0.109%	$317K	$635K	20x	as long as short
Bybit NOWUSDT	+0.0204%	8h	137.98	−0.043%	$1.6M	$2.8M	25x	as long as short
BloFin NOW-USDTlong	+0.0214%	8h	138.04	long leg	$46K	$17K	20x
Binance NOWUSDT	+0.0241%	8h	138.09	+0.036%	$1.8M	$1.4M	20x	as long as short
tradeXYZ xyz:NOW	+0.0292%	1h	137.98	−0.043%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0456%	8h	138.02	−0.013%	$271	$147K	10x	as long as short