Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h −0.014%

Price spread now: BloFin against Vest+0.203%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 BloFin

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 +$2 a day on $10k at the current rate, and BloFin is 0.203% dearer against Vest than usual: you sell high and buy low: +$20 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	137.89	0.0046	pay 0.0006% / 1h	57m 10s	—	—	25x
Short	BloFin NOW-USDT	138.17	0.0122	get 0.0122% / 8h	6h 57m	$45K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.203%Rate

Funding earned: $16.11
Price spread: +0.203% → 0.000%: $20.31
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Net: $22.42
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell BloFin no order-book sample	—	—	—	—	—

Vest and 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
Aster NOWUSDT	0.0000%	8h	138.53	+0.465%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	138.11	+0.160%	$498K	$212K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.88	−0.007%	$1.1M	$2.1M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.04	+0.109%	$245K	$369K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.18	+0.210%	$781K	$236K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.14	+0.181%	$1K	$410K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.07	+0.131%	$5K	$29K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.92	+0.022%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.385%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	137.89	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	137.92	+0.022%	$317K	$657K	20x	as long as short
Binance NOWUSDT	+0.0100%	8h	138.07	+0.131%	$1.8M	$1.5M	20x	as long as short
Bybit NOWUSDT	+0.0102%	8h	138.07	+0.131%	$1.5M	$5.7M	25x	as long as short
BloFin NOW-USDTshort	+0.0122%	8h	138.17	+0.203%	$45K	$17K	20x
tradeXYZ xyz:NOW	+0.0334%	1h	137.87	−0.015%	$2.1M	$231K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0846%	8h	138.21	+0.232%	$223	$157K	10x	as long as short