Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.012%

Price spread now: Injective against SunX+1.466%61s7-day average — · you sell dearer than you buy

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

Long on SunX Short on Injective

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 +$1 a day on $10k at the current rate, and Injective is 1.466% dearer against SunX than usual: you sell high and buy low: +$147 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NOW-USDT	137.78	0	get 0.0000% / 8h	1h 47m	$557	$443K	10x
Short	Injective NOW/USDC PERP	139.80	0.0033	get 0.0004% / 1h	47m 34s	$3K	$101	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now +1.466%Rate

Funding earned: $7
Price spread: +1.466% → 0.000%: $146.61
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $145.59
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 23 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 23 min ago	48.60 bp	66.7 bp −$67	doesn't fit	doesn't fit	doesn'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 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
BloFin NOW-USDT	−0.0001%	8h	137.86	+0.058%	$45K	$17K	20x	as long as short
Aster NOWUSDT	0.0000%	8h	137.79	+0.009%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.83	+0.038%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.80	+0.015%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.88	+0.073%	$479K	$196K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.68	−0.073%	$1.1M	$2.0M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.75	−0.022%	$249K	$399K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.76	−0.015%	$761K	$262K	20x	as long as short
GRVT NOW_USDT_Perp	0.0000%	8h	137.81	+0.023%	$8	$172K	10x	as long as short
SunX NOW-USDTlong	0.0000%	8h	137.78	long leg	$557	$443K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.85	+0.051%	$5K	$25K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.80	+0.015%	$5K	$173	5x	as long as short
Injective NOW/USDC PERPshort	+0.0033%	1h	139.80	+1.466%	$3K	$101	12x
Vest NOW-USD-PERP	+0.0046%	1h	137.69	−0.065%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.64	−0.102%	$318K	$749K	20x	as long as short
tradeXYZ xyz:NOW	+0.0298%	1h	137.75	−0.022%	$2.1M	$198K	10x	as long as short