Settings8H · net · $10k
Funding arb · Price arb /

NOW

RWAall NOW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.012%
Price spread now: Injective against QFEX+1.459%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.459% dearer against QFEX than usual: you sell high and buy low: +$146 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX NOW-USD137.790get 0.0000% / 1h17m 17s$1.1M$1.9M10x
ShortInjective NOW/USDC PERP139.800.0033get 0.0004% / 1h17m 17s$3K$10112x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$7
Price spread: +1.459% → 0.000%
$145.87
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$142.85
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: QFEX: live order book, 5 min ago; Injective: 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 QFEX live order book, 5 min ago2.18 bp7.3 bp −$714.5 bp −$145doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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 15 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 NOWUSDT0.0000%8h138.67+0.637%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h137.94+0.109%$488K$227K20xas long as short
QFEX NOW-USDlong0.0000%1h137.79long leg$1.1M$1.9M10x
Gate NOW_USDT0.0000%8h137.97+0.131%$245K$371K20xas long as short
Bitget NOWUSDT0.0000%8h137.96+0.123%$781K$234K20xas long as short
SunX NOW-USDT0.0000%8h138.05+0.189%$947$401K10xas long as short
HTX NOW-USDT0.0000%8h137.88+0.065%$5K$29K20xas long as short
Lighter NOW+0.0032%1h137.90+0.080%$5K$1785xas long as short
Injective NOW/USDC PERPshort+0.0033%1h139.80+1.459%$3K$10112x
Vest NOW-USD-PERP+0.0046%1h137.77−0.015%25xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h137.82+0.022%$316K$657K20xas long as short
Binance NOWUSDT+0.0136%8h138.04+0.183%$1.8M$1.5M20xas long as short
Bybit NOWUSDT+0.0148%8h137.99+0.145%$1.6M$5.1M25xas long as short
tradeXYZ xyz:NOW+0.0320%1h137.82+0.022%$2.1M$229K10xas long as short
GRVT NOW_USDT_Perp+0.0543%8h137.96+0.124%$305$152K10xas long as short