NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0215%/8h= −23.6% APRnext payment −$2.15 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance−0.115%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$760.762% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.115%, 7d avg −0.043%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.072% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.15 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOWUSDT	138.99	0.0215	pay 0.0215% / 8h	2h 22m	$1.8M	$1.4M	20x
Short	Bitget NOWUSDT	138.83	0	get 0.0000% / 8h	2h 22m	$769K	$254K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$45.24
Price spread: −0.115% → −0.043%: −$7.23
Slippage, 4 orders: −$54.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$128.72
Costs to cover: 0.762%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bitget: live order book, 23 min ago.

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 Binance live order book, 11 min ago	0.72 bp	17.8 bp −$18	59.1 bp −$591	doesn't fit	doesn't fit
Sell Bitget live order book, 23 min ago	2.17 bp	25.1 bp −$25	36.2 bp −$362	doesn't fit	doesn't fit

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	−0.115%	$495K	$231K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.85	−0.101%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.74	−0.180%	$253K	$348K	20x	as long as short
Bitget NOWUSDTshort	0.0000%	8h	138.83	−0.115%	$769K	$254K	20x
SunX NOW-USDT	0.0000%	8h	138.98	−0.007%	$838	$359K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.71	−0.201%	$5K	$35K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.89	−0.072%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.583%	$3K	$101	12x	as long as short
Aster NOWUSDT	+0.0045%	8h	139.14	+0.109%	$41K	$995	20x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.89	−0.072%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	138.69	−0.216%	$319K	$628K	20x	as long as short
Binance NOWUSDTlong	+0.0215%	8h	138.99	long leg	$1.8M	$1.4M	20x
BloFin NOW-USDT	+0.0218%	8h	138.85	−0.101%	$46K	$18K	20x	as long as short
tradeXYZ xyz:NOW	+0.0234%	1h	138.88	−0.079%	$2.1M	$227K	10x	as long as short
Bybit NOWUSDT	+0.0239%	8h	139.06	+0.050%	$1.6M	$1.9M	25x	as long as short
GRVT NOW_USDT_Perp	+0.0329%	8h	138.76	−0.168%	$640	$145K	10x	as long as short