Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.065%

Price spread now: tradeXYZ against BloFin−0.014%68s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NOW-USDT	139.10	0.0198	pay 0.0198% / 8h	1h 24m	$46K	$18K	20x
Short	tradeXYZ xyz:NOW	139.08	0.0198	get 0.0025% / 1h	24m 00s	$2.1M	$228K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$0.08
Price spread: −0.014% → 0.000%: −$1.44
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$31.52
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; tradeXYZ: 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 BloFin no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 4 min ago	3.24 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit

BloFin: 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	138.89	−0.151%	$496K	$231K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.00	−0.072%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.09	−0.007%	$253K	$347K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.03	−0.050%	$770K	$255K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.08	−0.014%	$996	$342K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.31	+0.151%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.04	−0.043%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.503%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.04	−0.043%	—	—	25x	as long as short
Aster NOWUSDT	+0.0047%	8h	139.55	+0.324%	$41K	$995	20x	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	139.02	−0.058%	$316K	$639K	20x	as long as short
Binance NOWUSDT	+0.0171%	8h	139.16	+0.043%	$1.8M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0174%	8h	139.10	0.000%	$1.6M	$961K	25x	as long as short
tradeXYZ xyz:NOWshort	+0.0198%	1h	139.08	−0.014%	$2.1M	$228K	10x
BloFin NOW-USDTlong	+0.0198%	8h	139.10	long leg	$46K	$18K	20x
GRVT NOW_USDT_Perp	+0.0260%	8h	139.02	−0.057%	$350	$143K	10x	as long as short