NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Bybit−0.101%7-day average −0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs−$7,219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$7,223as in the Price arb table

costs, in and out, $10k−$7,22572.253% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.101%, 7d avg −0.126%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.025% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOWUSDT	138.39	0	get 0.0000% / 8h	7h 25m	$1.5M	$5.7M	25x
Short	KuCoin NOWUSDTM	138.25	0.0100	get 0.0100% / 8h	7h 25m	$319K	$663K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now −0.101%Rate

Funding earned: $21
Price spread: −0.101% → −0.126%: $2.53
Slippage, 4 orders: −$7,202.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7,201.74
Costs to cover: 72.253%
Break-even: 2407.6 days

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 28 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 Bybit live order book, 3 min ago	2.89 bp	32.3 bp −$32	143.6 bp −$1,436	doesn't fit	doesn't fit
Sell KuCoin live order book, 28 min ago	11.63 bp	82.4 bp −$82	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
Aster NOWUSDT	0.0000%	8h	138.68	+0.208%	$41K	$995	20x	as long as short
Bybit NOWUSDTlong	0.0000%	8h	138.39	long leg	$1.5M	$5.7M	25x
OKX NOW-USDT-SWAP	0.0000%	8h	138.44	+0.036%	$500K	$210K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.22	−0.123%	$1.1M	$2.1M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.39	0.000%	$246K	$377K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.37	−0.014%	$770K	$243K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.45	+0.043%	$829	$425K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.44	+0.036%	$5K	$29K	20x	as long as short
BloFin NOW-USDT	+0.0019%	8h	138.47	+0.058%	$45K	$17K	20x	as long as short
Binance NOWUSDT	+0.0025%	8h	138.45	+0.043%	$1.8M	$1.5M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NOW	+0.0032%	1h	138.39	0.000%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.019%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.25	−0.101%	—	—	25x	as long as short
KuCoin NOWUSDTMshort	+0.0100%	8h	138.25	−0.101%	$319K	$663K	20x
tradeXYZ xyz:NOW	+0.0221%	1h	138.26	−0.094%	$2.1M	$232K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0842%	8h	138.48	+0.065%	$256	$163K	10x	as long as short