NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.72 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Binance−0.173%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6,032as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6,039as in the Price arb table

costs, in and out, $10k−$6,03560.355% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.125%−$13 · spread now −0.173%, 7d avg −0.134%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.039% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.134%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOWUSDT	138.02	0.0172	pay 0.0172% / 8h	4h 16m	$1.8M	$1.4M	20x
Short	KuCoin NOWUSDTM	137.78	0.0100	get 0.0100% / 8h	4h 16m	$316K	$620K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.173%Rate

Funding earned: −$15.07
Price spread: −0.173% → −0.134%: −$3.89
Slippage, 4 orders: −$6,013.49
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$6,054.45
Costs to cover: 60.355%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 67 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, 2 min ago	1.81 bp	13.0 bp −$13	56.7 bp −$567	doesn't fit	doesn't fit
Sell KuCoin live order book, 67 min ago	10.54 bp	120.6 bp −$121	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	137.82	−0.144%	$1.1M	$1.6M	10x	as long as short
Aster NOWUSDT	0.0000%	8h	138.37	+0.258%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	−0.107%	$491K	$227K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	138.00	−0.013%	$248K	$352K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.93	−0.064%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.99	−0.021%	$920	$384K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.87	−0.107%	$5K	$32K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.91	−0.078%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.291%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.83	−0.136%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTMshort	+0.0100%	8h	137.78	−0.173%	$316K	$620K	20x
Binance NOWUSDTlong	+0.0172%	8h	138.02	long leg	$1.8M	$1.4M	20x
BloFin NOW-USDT	+0.0188%	8h	137.99	−0.021%	$46K	$17K	20x	as long as short
Bybit NOWUSDT	+0.0228%	8h	138.01	−0.006%	$1.6M	$3.9M	25x	as long as short
tradeXYZ xyz:NOW	+0.0300%	1h	137.90	−0.086%	$2.1M	$226K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0400%	8h	138.01	−0.006%	$522	$149K	10x	as long as short