Funding arb · Price arb /

NOW

RWAall NOW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest+0.181%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 SunX

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. SunX is 0.181% dearer against Vest than usual: you sell high and buy low (spread +0.181% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOW-USD-PERP	138.25	0.0046	pay 0.0006% / 1h	45m 48s	—	—	25x
Short	SunX NOW-USDT	138.50	0	get 0.0000% / 8h	2h 45m	$749	$367K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.181%Rate

Funding earned: −$9.59
Price spread: +0.181% → 0.000%: $18.08
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$1.51
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; SunX: live order book, 25 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 SunX live order book, 25 min ago	45.94 bp	65.0 bp −$65	doesn't fit	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	138.58	+0.239%	$494K	$230K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.22	−0.022%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.44	+0.137%	$252K	$346K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.38	+0.094%	$767K	$254K	20x	as long as short
SunX NOW-USDTshort	0.0000%	8h	138.50	+0.181%	$749	$367K	10x
HTX NOW-USDT	0.0000%	8h	138.52	+0.195%	$5K	$34K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.38	+0.094%	$5K	$171	5x	as long as short
Aster NOWUSDT	+0.0032%	8h	138.82	+0.415%	$41K	$995	20x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.121%	$3K	$101	12x	as long as short
Vest NOW-USD-PERPlong	+0.0046%	1h	138.25	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	138.25	0.000%	$317K	$632K	20x	as long as short
BloFin NOW-USDT	+0.0207%	8h	138.56	+0.224%	$46K	$17K	20x	as long as short
Binance NOWUSDT	+0.0219%	8h	138.52	+0.195%	$1.8M	$1.4M	20x	as long as short
Bybit NOWUSDT	+0.0233%	8h	138.46	+0.152%	$1.6M	$2.3M	25x	as long as short
tradeXYZ xyz:NOW	+0.0290%	1h	138.37	+0.087%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0352%	8h	138.44	+0.138%	$226	$146K	10x	as long as short