Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against HTX+0.065%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 Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.065% dearer against HTX than usual: you sell high and buy low: +$6 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	139.32	0	get 0.0000% / 8h	4m 55s	$5K	$36K	20x
Short	Lighter NOW	139.41	0.0032	get 0.0004% / 1h	4m 55s	$5K	$171	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.065%Rate

Funding earned: $6.72
Price spread: +0.065% → 0.000%: $6.46
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.18
Costs to cover: 0.120%
Break-even: 5.8 days

Slippage unknown: HTX: no order-book sample; Lighter: 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 Lighter no order-book sample	—	—	—	—	—

HTX and Lighter: 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	139.32	0.000%	$507K	$252K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.36	+0.029%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.44	+0.086%	$253K	$348K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.41	+0.065%	$772K	$264K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.64	+0.230%	$1K	$325K	10x	as long as short
HTX NOW-USDTlong	0.0000%	8h	139.32	long leg	$5K	$36K	20x
Lighter NOWshort	+0.0032%	1h	139.41	+0.065%	$5K	$171	5x
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.345%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.42	+0.072%	—	—	25x	as long as short
Aster NOWUSDT	+0.0070%	8h	139.84	+0.377%	$41K	$859	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	139.46	+0.100%	$317K	$654K	20x	as long as short
Binance NOWUSDT	+0.0148%	8h	139.51	+0.140%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0166%	8h	139.58	+0.187%	$46K	$18K	20x	as long as short
Bybit NOWUSDT	+0.0174%	8h	139.48	+0.115%	$1.6M	$293K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0276%	8h	139.56	+0.172%	$193	$139K	10x	as long as short
tradeXYZ xyz:NOW	+0.0327%	1h	139.35	+0.022%	$2.1M	$236K	10x	as long as short