Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.012%

Price spread now: Aster against Injective−0.865%57s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.865% cheaper against Injective than usual: you would sell low and buy high (−$86 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NOW/USDC PERP	139.80	0.0033	pay 0.0004% / 1h	28m 24s	$3K	$101	12x
Short	Aster NOWUSDT	138.59	0	get 0.0000% / 8h	7h 28m	$41K	$995	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.865%Rate

Funding earned: −$7
Price spread: −0.865% → 0.000%: −$86.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$101.48
Costs to cover: 0.080%
Break-even: never at this rate

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

Injective and Aster: 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 NOWUSDTshort	0.0000%	8h	138.59	−0.865%	$41K	$995	20x
OKX NOW-USDT-SWAP	0.0000%	8h	138.44	−0.973%	$500K	$210K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.30	−1.073%	$1.1M	$2.1M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.43	−0.980%	$246K	$377K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.47	−0.951%	$771K	$243K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.60	−0.858%	$815	$427K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.55	−0.894%	$5K	$28K	20x	as long as short
Binance NOWUSDT	+0.0009%	8h	138.55	−0.894%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0017%	8h	138.58	−0.873%	$46K	$17K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.47	−0.951%	$5K	$173	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NOW/USDC PERPlong	+0.0033%	1h	139.80	long leg	$3K	$101	12x
Bybit NOWUSDT	+0.0043%	8h	138.33	−1.052%	$1.5M	$5.7M	25x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.28	−1.087%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	138.28	−1.087%	$317K	$663K	20x	as long as short
tradeXYZ xyz:NOW	+0.0215%	1h	138.29	−1.080%	$2.1M	$231K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0648%	8h	138.51	−0.925%	$256	$163K	10x	as long as short