Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.012%

Price spread now: Injective against HTX+1.304%7-day average — · you sell dearer than you buy

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

Long on HTX 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.304% dearer against HTX than usual: you sell high and buy low: +$130 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NOW-USDT	138.00	0	get 0.0000% / 8h	5h 29m	$5K	$30K	20x
Short	Injective NOW/USDC PERP	139.80	0.0033	get 0.0004% / 1h	29m 01s	$3K	$101	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +1.304%Rate

Funding earned: $7
Price spread: +1.304% → 0.000%: $130.43
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $125.41
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: 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 HTX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

HTX 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
Aster NOWUSDT	0.0000%	8h	138.63	+0.457%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.78	−0.159%	$488K	$228K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.77	−0.167%	$1.1M	$1.9M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.90	−0.072%	$248K	$370K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.89	−0.080%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.94	−0.043%	$833	$386K	10x	as long as short
HTX NOW-USDTlong	0.0000%	8h	138.00	long leg	$5K	$30K	20x
Lighter NOW	+0.0032%	1h	137.85	−0.109%	$5K	$178	5x	as long as short
Injective NOW/USDC PERPshort	+0.0033%	1h	139.80	+1.304%	$3K	$101	12x
Vest NOW-USD-PERP	+0.0046%	1h	137.79	−0.152%	—	—	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	137.79	−0.152%	$318K	$644K	20x	as long as short
Bybit NOWUSDT	+0.0195%	8h	137.91	−0.065%	$1.6M	$4.9M	25x	as long as short
Binance NOWUSDT	+0.0205%	8h	137.94	−0.045%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0217%	8h	137.91	−0.065%	$46K	$17K	20x	as long as short
tradeXYZ xyz:NOW	+0.0406%	1h	137.77	−0.167%	$2.1M	$229K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0583%	8h	137.91	−0.062%	$200	$151K	10x	as long as short