Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h −0.006%

Price spread now: BloFin against QFEX+0.223%7-day average — · you sell dearer than you buy

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

Long on QFEX 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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.223% dearer against QFEX than usual: you sell high and buy low: +$22 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	QFEX NOW-USD	139.25	0	get 0.0000% / 1h	2m 37s	$1.1M	$1.5M	10x
Short	BloFin NOW-USDT	139.56	0.0175	get 0.0175% / 8h	2m 37s	$46K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against QFEX. 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 QFEXbpFee BloFinbpOrdersPrice spread, now +0.223%Rate

Funding earned: $36.7
Price spread: +0.223% → 0.000%: $22.26
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $36.96
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: QFEX: live order book, 4 min ago; 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 QFEX live order book, 4 min ago	2.15 bp	8.1 bp −$8	19.0 bp −$190	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

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	139.32	+0.050%	$507K	$252K	20x	as long as short
QFEX NOW-USDlong	0.0000%	1h	139.25	long leg	$1.1M	$1.5M	10x
Gate NOW_USDT	0.0000%	8h	139.48	+0.165%	$253K	$348K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.39	+0.101%	$772K	$264K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.64	+0.280%	$1K	$325K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.70	+0.323%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.41	+0.115%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.395%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.32	+0.050%	—	—	25x	as long as short
Aster NOWUSDT	+0.0072%	8h	139.80	+0.393%	$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	+0.151%	$317K	$655K	20x	as long as short
Binance NOWUSDT	+0.0149%	8h	139.54	+0.207%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDTshort	+0.0175%	8h	139.56	+0.223%	$46K	$18K	20x
Bybit NOWUSDT	+0.0175%	8h	139.53	+0.201%	$1.6M	$293K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0276%	8h	139.56	+0.223%	$193	$139K	10x	as long as short
tradeXYZ xyz:NOW	+0.0329%	1h	139.35	+0.072%	$2.1M	$236K	10x	as long as short