Funding you earn now, next payment 08:00 UTC−0.0196%/8h= −21.5% APRnext payment −$1.96 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance+0.029%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1321.321% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)−0.320%−$32 · spread now +0.029%, 7d avg −0.056%
=The price spread pays, funding is against you. Gate is 0.085% dearer against Binance than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.056%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.025% in total) that is about 24 days.
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 −$1.96 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 | 137.95 | 0.0196 | pay 0.0196% / 8h | 4h 50m | $1.8M | $1.4M | 20x |
| Short | Gate NOW_USDT | 137.99 | 0 | get 0.0000% / 8h | 4h 50m | $248K | $350K | 20x |
Binance NOWUSDT
Gate NOW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.2
- Price spread: +0.029% → −0.056%
- $8.45
- Slippage, 4 orders
- −$107.12
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$164.86
- Costs to cover
- 1.321%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Gate: live order book, 5 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, 14 min ago | 1.45 bp | 16.1 bp −$16 | 40.5 bp −$405 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 22.82 bp | 70.5 bp −$70 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX NOW-USD | 0.0000% | 1h | 137.74 | −0.152% | $1.1M | $1.7M | 10x | as long as short |
| Aster NOWUSDT | 0.0000% | 8h | 138.59 | +0.461% | $41K | $995 | 20x | as long as short |
| OKX NOW-USDT-SWAP | 0.0000% | 8h | 138.04 | +0.065% | $492K | $227K | 20x | as long as short |
| Gate NOW_USDTshort | 0.0000% | 8h | 137.99 | +0.029% | $248K | $350K | 20x | |
| Bitget NOWUSDT | 0.0000% | 8h | 137.89 | −0.043% | $781K | $234K | 20x | as long as short |
| SunX NOW-USDT | 0.0000% | 8h | 137.97 | +0.014% | $813 | $386K | 10x | as long as short |
| HTX NOW-USDT | 0.0000% | 8h | 138.15 | +0.145% | $5K | $31K | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 137.89 | −0.043% | $5K | $178 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +1.341% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 137.75 | −0.145% | — | — | 25x | as long as short |
QFEX NOW-USD
Aster NOWUSDT
OKX NOW-USDT-SWAP
Bitget NOWUSDT
SunX NOW-USDT
HTX NOW-USDT
Lighter NOW
Injective NOW/USDC PERP
Vest NOW-USD-PERPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOWUSDTM | +0.0100% | 8h | 137.81 | −0.101% | $317K | $623K | 20x | as long as short |
| BloFin NOW-USDT | +0.0189% | 8h | 137.96 | +0.007% | $46K | $17K | 20x | as long as short |
| Bybit NOWUSDT | +0.0190% | 8h | 138.01 | +0.043% | $1.6M | $4.6M | 25x | as long as short |
| Binance NOWUSDTlong | +0.0196% | 8h | 137.95 | long leg | $1.8M | $1.4M | 20x | |
| tradeXYZ xyz:NOW | +0.0247% | 1h | 137.84 | −0.080% | $2.1M | $227K | 10x | as long as short |
| GRVT NOW_USDT_Perp | +0.0469% | 8h | 137.98 | +0.019% | $564 | $150K | 10x | as long as short |
KuCoin NOWUSDTM
BloFin NOW-USDT
Bybit NOWUSDT
tradeXYZ xyz:NOW
GRVT NOW_USDT_Perp