Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h +0.014%

Price spread now: Vest against Bybit−0.029%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.029% cheaper against Bybit than usual: you would sell low and buy high (−$3 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	Bybit NOWUSDT	139.04	0.0197	pay 0.0197% / 8h	1h 39m	$1.6M	$1.3M	25x
Short	Vest NOW-USD-PERP	139.00	0.0046	get 0.0006% / 1h	39m 27s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bybit. 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 BybitbpFee VestbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$31.84
Price spread: −0.029% → 0.000%: −$2.88
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$47.71
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	5.75 bp	75.1 bp −$75	182.8 bp −$1,828	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	138.89	−0.108%	$496K	$232K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.96	−0.058%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.05	+0.007%	$253K	$346K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.03	−0.007%	$770K	$255K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.04	0.000%	$964	$349K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.02	−0.014%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.99	−0.036%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.547%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPshort	+0.0046%	1h	139.00	−0.029%	—	—	25x
Aster NOWUSDT	+0.0067%	8h	139.26	+0.159%	$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	138.92	−0.086%	$319K	$632K	20x	as long as short
tradeXYZ xyz:NOW	+0.0179%	1h	138.98	−0.043%	$2.1M	$228K	10x	as long as short
BloFin NOW-USDT	+0.0184%	8h	139.12	+0.058%	$46K	$18K	20x	as long as short
Bybit NOWUSDTlong	+0.0197%	8h	139.04	long leg	$1.6M	$1.3M	25x
Binance NOWUSDT	+0.0203%	8h	139.07	+0.020%	$1.8M	$1.5M	20x	as long as short
GRVT NOW_USDT_Perp	+0.0302%	8h	139.03	−0.007%	$356	$143K	10x	as long as short