Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: HTX against Vest+0.160%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 HTX

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

The price spread pays, funding is against you. HTX is 0.160% dearer against Vest than usual: you sell high and buy low (spread +0.160% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOW-USD-PERP	137.85	0.0046	pay 0.0006% / 1h	38m 41s	—	—	25x
Short	HTX NOW-USDT	138.07	0	get 0.0000% / 8h	3h 38m	$5K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$9.59
Price spread: +0.160% → 0.000%: $15.96
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee HTX: 6 bp × 2 orders: −$12
Net: −$7.63
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; HTX: 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 HTX no order-book sample	—	—	—	—	—

Vest and HTX: 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	138.83	+0.713%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.92	+0.051%	$491K	$226K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.85	0.000%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.98	+0.094%	$248K	$352K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.97	+0.087%	$788K	$240K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.07	+0.160%	$1K	$379K	10x	as long as short
HTX NOW-USDTshort	0.0000%	8h	138.07	+0.160%	$5K	$33K	20x
Lighter NOW	+0.0032%	1h	137.99	+0.102%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.415%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	137.85	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	137.84	−0.007%	$318K	$637K	20x	as long as short
BloFin NOW-USDT	+0.0201%	8h	138.05	+0.145%	$46K	$17K	20x	as long as short
Binance NOWUSDT	+0.0214%	8h	138.05	+0.145%	$1.8M	$1.4M	20x	as long as short
Bybit NOWUSDT	+0.0218%	8h	137.99	+0.102%	$1.6M	$3.1M	25x	as long as short
tradeXYZ xyz:NOW	+0.0335%	1h	137.91	+0.044%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0430%	8h	138.05	+0.144%	$337	$147K	10x	as long as short