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Funding arb · Price arb /

NOW

RWAall NOW markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Aster against Lighter+0.214%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on LighterShort on Aster
What this pair did over the last
the charts below follow
Funding, last 6 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 · Aster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.214% dearer against Lighter than usual: you sell high and buy low (spread +0.214% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NOW138.070.0032pay 0.0004% / 1h46m 11s$5K$1845x
ShortAster NOWUSDT138.360get 0.0000% / 8h3h 46m$41K$99520x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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

Funding earned
−$6.72
Price spread: +0.214% → 0.000%
$21.36
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
$6.64
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Lighter: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample—————
Sell Aster no order-book sample—————
Lighter 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NOWUSDTshort0.0000%8h138.36+0.214%$41K$99520x
OKX NOW-USDT-SWAP0.0000%8h137.92−0.109%$491K$226K20xas long as short
QFEX NOW-USD0.0000%1h137.87−0.145%$1.1M$1.5M10xas long as short
Gate NOW_USDT0.0000%8h138.13+0.043%$249K$348K20xas long as short
Bitget NOWUSDT0.0000%8h137.98−0.065%$781K$235K20xas long as short
SunX NOW-USDT0.0000%8h138.13+0.043%$932$381K10xas long as short
HTX NOW-USDT0.0000%8h138.21+0.101%$5K$33K20xas long as short
Lighter NOWlong+0.0032%1h138.07long leg$5K$1845x
Injective NOW/USDC PERP+0.0033%1h139.80+1.253%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.88−0.138%——25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h137.87−0.145%$317K$635K20xas long as short
Binance NOWUSDT+0.0202%8h138.12+0.036%$1.8M$1.4M20xas long as short
Bybit NOWUSDT+0.0207%8h138.10+0.022%$1.6M$3.2M25xas long as short
BloFin NOW-USDT+0.0231%8h138.16+0.065%$46K$17K20xas long as short
GRVT NOW_USDT_Perp+0.0418%8h138.12+0.036%$355$147K10xas long as short
tradeXYZ xyz:NOW+0.0424%1h137.97−0.072%$2.1M$226K10xas long as short