Settings8H · net · $10k
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Funding arb · Price arb /

NOW

RWAall NOW markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.54 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.002%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1491.487% of the position
Long on BinanceShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 2 days (all we have)−0.016%−$2 · spread now −0.002%, 7d avg −0.007%
Together, before fees−0.040%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NOWUSDT138.300.0088pay 0.0088% / 8h7h 12m$1.8M$1.5M20x
ShortBybit NOWUSDT138.300.0142get 0.0142% / 8h7h 12m$1.5M$5.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$11.31
Price spread: −0.002% → −0.007%
$0.42
Slippage, 4 orders
−$127.73
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$137
Costs to cover
1.487%
Break-even
91.8 days
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago0.36 bp12.7 bp −$1358.0 bp −$580doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago3.62 bp38.6 bp −$39144.6 bp −$1,446doesn't fitdoesn't fit

NOW on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NOWUSDT0.0000%8h138.66+0.258%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.44+0.099%$500K$210K20xas long as short
QFEX NOW-USD0.0000%1h138.09−0.154%$1.1M$2.1M10xas long as short
Gate NOW_USDT0.0000%8h138.26−0.031%$245K$379K20xas long as short
Bitget NOWUSDT0.0000%8h138.22−0.060%$770K$241K20xas long as short
SunX NOW-USDT0.0000%8h138.38+0.055%$902$419K10xas long as short
HTX NOW-USDT0.0000%8h138.20−0.075%$5K$28K20xas long as short
Lighter NOW+0.0032%1h138.22−0.060%$5K$1735xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.082%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.12−0.133%——25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NOW-USDT+0.0077%8h138.42+0.084%$45K$17K20xas long as short
Binance NOWUSDTlong+0.0088%8h138.30long leg$1.8M$1.5M20x
KuCoin NOWUSDTM+0.0100%8h138.13−0.125%$317K$660K20xas long as short
Bybit NOWUSDTshort+0.0142%8h138.30−0.002%$1.5M$5.7M25x
tradeXYZ xyz:NOW+0.0247%1h138.14−0.118%$2.1M$231K10xas long as short
GRVT NOW_USDT_Perp+0.1063%8h138.37+0.047%$234$157K10xas long as short