NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.8% APRnext payment +$0.72 per $10,000 · paid last 24h −0.030%

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

Net, funding: paid 7d − costs−$6,041as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6,034as in the Price arb table

costs, in and out, $10k−$6,03860.379% of the position

Long on KuCoin Short on Binance

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.039% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.134%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOWUSDTM	137.77	0.0100	pay 0.0100% / 8h	4h 18m	$316K	$620K	20x
Short	Binance NOWUSDT	138.01	0.0172	get 0.0172% / 8h	4h 18m	$1.8M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.173%Rate

Funding earned: $15.04
Price spread: +0.173% → +0.134%: $3.89
Slippage, 4 orders: −$6,015.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6,018.94
Costs to cover: 60.379%
Break-even: 2808.7 days

Slippage from KuCoin: live order book, 65 min ago; Binance: live order book, 15 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 KuCoin live order book, 65 min ago	10.54 bp	5889.1 bp −$5,889	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.81 bp	14.0 bp −$14	62.2 bp −$622	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	+0.036%	$1.1M	$1.6M	10x	as long as short
Aster NOWUSDT	0.0000%	8h	138.35	+0.422%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.073%	$491K	$227K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.97	+0.145%	$248K	$352K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.92	+0.109%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.98	+0.152%	$948	$384K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.11	+0.247%	$5K	$32K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.91	+0.102%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.473%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.83	+0.044%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTMlong	+0.0100%	8h	137.77	long leg	$316K	$620K	20x
BloFin NOW-USDT	+0.0163%	8h	137.98	+0.152%	$46K	$17K	20x	as long as short
Binance NOWUSDTshort	+0.0172%	8h	138.01	+0.173%	$1.8M	$1.4M	20x
Bybit NOWUSDT	+0.0241%	8h	138.04	+0.196%	$1.6M	$3.9M	25x	as long as short
tradeXYZ xyz:NOW	+0.0299%	1h	137.90	+0.094%	$2.1M	$226K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0401%	8h	138.01	+0.172%	$533	$149K	10x	as long as short