NOW

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.036%

7d average—if it closes, per $10,000$4funding while held, a day+$0.95

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NOW-USD	137.44	0.0000	pay 0.0000% / 1h	29m 31s	$1.1M	$1.9M	10x
Short	Lighter NOW	137.49	0.0032	get 0.0004% / 1h	29m 31s	$5K	$242	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee QFEXbpFee LighterbpOrdersClose when spread is

Spread captured: $3.64
Funding while held: $0.95
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.41
Spread needed to break even: 0.100%

Slippage unknown: QFEX: live order book, 4 min ago; Lighter: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0032%
Per $10,000 a day: +$0.95
Average in range /8h: —

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	1.46 bp	7.9 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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 price on every exchange

against the cheapest. Click to use as the short leg.

QFEX137.44cheapest

Bitget137.44cheapest Vest137.44cheapest Aster137.45+0.005%KuCoin137.46+0.015%Binance137.47+0.022%Gate137.48+0.029%

Lighter137.49+0.036%

BloFin137.49+0.036%tradeXYZ137.52+0.058%Bybit137.52+0.058%HTX137.52+0.058%OKX137.55+0.080%SunX137.59+0.109%Injective139.80+1.717%

NOW on 15 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
QFEX NOW-USDlong	0.000%	0.0000%	1h	$1.1M	$1.9M	10x
Bitget NOWUSDT	0.000%	0.0000%	8h	$751K	$295K	20x	as long as short
Vest NOW-USD-PERP	0.000%	+0.0046%	1h	—	—	25x	as long as short
Aster NOWUSDT	+0.005%	0.0000%	8h	$41K	$995	20x	as long as short
KuCoin NOWUSDTM	+0.015%	+0.0100%	8h	$311K	$797K	20x	as long as short
Binance NOWUSDT	+0.022%	0.0000%	8h	$1.6M	$1.3M	20x	as long as short
Gate NOW_USDT	+0.029%	0.0000%	8h	$248K	$413K	20x	as long as short
Lighter NOWshort	+0.036%	+0.0032%	1h	$5K	$242	5x
BloFin NOW-USDT	+0.036%	−0.0008%	8h	$46K	$17K	20x	as long as short
tradeXYZ xyz:NOW	+0.058%	+0.0050%	1h	$2.1M	$129K	10x	as long as short

Show all 15 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit NOWUSDT	+0.058%	+0.0045%	8h	$1.5M	$5.8M	25x	as long as short
HTX NOW-USDT	+0.058%	0.0000%	8h	$5K	$20K	20x	as long as short
OKX NOW-USDT-SWAP	+0.080%	0.0000%	8h	$480K	$207K	20x	as long as short
SunX NOW-USDT	+0.109%	0.0000%	8h	$706	$498K	10x	as long as short
Injective NOW/USDC PERP	+1.717%	+0.0033%	1h	$3K	$101	12x	as long as short