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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.23 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.033%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1651.645% of the position
Long on BybitShort on Binance
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)−0.015%−$1 · spread now +0.033%, 7d avg +0.007%
Together, before fees+0.010%+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.026% dearer against Bybit than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of +0.007%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NOWUSDT138.360.0115pay 0.0115% / 8h7h 10m$1.5M$5.7M25x
ShortBinance NOWUSDT138.410.0092get 0.0092% / 8h7h 10m$1.8M$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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
−$4.79
Price spread: +0.033% → +0.007%
$2.62
Slippage, 4 orders
−$143.54
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$166.71
Costs to cover
1.645%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 9 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 Bybit live order book, 3 min ago5.06 bp83.6 bp −$84176.3 bp −$1,763doesn't fitdoesn't fit
Sell Binance live order book, 9 min ago0.36 bp13.9 bp −$1458.0 bp −$580doesn'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%8h138.82+0.332%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.44+0.058%$500K$210K20xas long as short
QFEX NOW-USD0.0000%1h138.22−0.101%$1.1M$2.1M10xas long as short
Gate NOW_USDT0.0000%8h138.34−0.014%$245K$379K20xas long as short
Bitget NOWUSDT0.0000%8h138.33−0.022%$770K$241K20xas long as short
SunX NOW-USDT0.0000%8h138.41+0.036%$947$413K10xas long as short
HTX NOW-USDT0.0000%8h138.45+0.065%$5K$28K20xas long as short
Lighter NOW+0.0032%1h138.34−0.014%$5K$1735xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.041%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.22−0.101%——25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NOW-USDT+0.0089%8h138.31−0.036%$45K$17K20xas long as short
Binance NOWUSDTshort+0.0092%8h138.41+0.033%$1.8M$1.5M20x
KuCoin NOWUSDTM+0.0100%8h138.20−0.116%$317K$661K20xas long as short
Bybit NOWUSDTlong+0.0115%8h138.36long leg$1.5M$5.7M25x
tradeXYZ xyz:NOW+0.0245%1h138.26−0.072%$2.1M$231K10xas long as short
GRVT NOW_USDT_Perp+0.1077%8h138.37+0.007%$234$157K10xas long as short