Funding arb · Price arb /

NOW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.019%

Price spread now: BloFin against Injective−0.343%7-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 BloFin

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

Funding pays, the price is against you. BloFin is 0.343% cheaper against Injective than usual: you would sell low and buy high (spread −0.343% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 12 days of funding at the current rate (+$3 a day).

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	58m 05s	$3K	$101	12x
Short	BloFin NOW-USDT	139.32	0.0125	get 0.0125% / 8h	58m 05s	$46K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.343%Rate

Funding earned: $19.31
Price spread: −0.343% → 0.000%: −$34.33
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.04
Costs to cover: 0.120%
Break-even: 16.8 days

Slippage unknown: Injective: no order-book sample; BloFin: 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 BloFin no order-book sample	—	—	—	—	—

Injective and 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	139.44	−0.258%	$496K	$243K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	139.18	−0.443%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.22	−0.415%	$253K	$345K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.28	−0.372%	$769K	$263K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.28	−0.372%	$1K	$335K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.47	−0.236%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.18	−0.443%	$5K	$171	5x	as long as short
Injective NOW/USDC PERPlong	+0.0033%	1h	139.80	long leg	$3K	$101	12x
Aster NOWUSDT	+0.0045%	8h	140.10	+0.214%	$42K	$859	20x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.23	−0.408%	—	—	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	139.20	−0.429%	$317K	$641K	20x	as long as short
BloFin NOW-USDTshort	+0.0125%	8h	139.32	−0.343%	$46K	$18K	20x
Binance NOWUSDT	+0.0152%	8h	139.27	−0.379%	$1.8M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0155%	8h	139.38	−0.300%	$1.6M	$630K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0253%	8h	139.32	−0.344%	$294	$141K	10x	as long as short
tradeXYZ xyz:NOW	+0.0298%	1h	139.22	−0.415%	$2.1M	$238K	10x	as long as short