Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h −0.014%

Price spread now: Binance against Vest+0.086%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Binance

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.086% dearer against Vest than usual: you sell high and buy low: +$9 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	Vest NOW-USD-PERP	138.80	0.0046	pay 0.0006% / 1h	23m 27s	—	—	25x
Short	Binance NOWUSDT	138.92	0.0215	get 0.0215% / 8h	2h 23m	$1.8M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now +0.086%Rate

Funding earned: $35.55
Price spread: +0.086% → 0.000%: $8.65
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: $32.19
Costs to cover: 0.120%
Break-even: 0.7 days

Slippage unknown: Vest: no order-book sample; Binance: live order book, 10 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	0.72 bp	12.4 bp −$12	32.9 bp −$329	doesn't fit	doesn't fit

Vest: 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	138.83	+0.022%	$495K	$231K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.78	−0.014%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.74	−0.043%	$253K	$348K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.83	+0.022%	$769K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.96	+0.115%	$816	$359K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.43	−0.267%	$5K	$35K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.87	+0.050%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.720%	$3K	$101	12x	as long as short
Aster NOWUSDT	+0.0044%	8h	139.14	+0.248%	$41K	$995	20x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	138.80	long leg	—	—	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	138.65	−0.108%	$319K	$629K	20x	as long as short
Binance NOWUSDTshort	+0.0215%	8h	138.92	+0.086%	$1.8M	$1.4M	20x
BloFin NOW-USDT	+0.0238%	8h	138.57	−0.166%	$46K	$18K	20x	as long as short
Bybit NOWUSDT	+0.0239%	8h	138.87	+0.050%	$1.6M	$1.9M	25x	as long as short
tradeXYZ xyz:NOW	+0.0239%	1h	138.78	−0.014%	$2.1M	$227K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0329%	8h	138.76	−0.031%	$640	$145K	10x	as long as short