NOW

Alert: funding

Alert: spread

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

Price spread now: Bitget against KuCoin+0.116%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$618as in the Funding arb table

Net, price: spread back to 7d avg − costs−$614as in the Price arb table

costs, in and out, $10k−$6176.166% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.116%, 7d avg +0.091%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.025% dearer against KuCoin than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.091%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.013% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOWUSDTM	137.72	0.0100	pay 0.0100% / 8h	1h 20m	$317K	$738K	20x
Short	Bitget NOWUSDT	137.88	0	get 0.0000% / 8h	1h 20m	$762K	$263K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$21
Price spread: +0.116% → +0.091%: $2.55
Slippage, 4 orders: −$592.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$635.03
Costs to cover: 6.166%
Break-even: never at this rate

Slippage from KuCoin: live order book, 54 min ago; Bitget: live order book, 60 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, 54 min ago	17.09 bp	252.8 bp −$253	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 60 min ago	14.15 bp	45.4 bp −$45	72.0 bp −$720	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
BloFin NOW-USDT	−0.0004%	8h	137.94	+0.160%	$45K	$17K	20x	as long as short
Aster NOWUSDT	0.0000%	8h	137.86	+0.105%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.87	+0.107%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.89	+0.123%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.109%	$484K	$196K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.80	+0.058%	$1.1M	$2.1M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.86	+0.102%	$251K	$405K	20x	as long as short
Bitget NOWUSDTshort	0.0000%	8h	137.88	+0.116%	$762K	$263K	20x
GRVT NOW_USDT_Perp	0.0000%	8h	137.83	+0.080%	$222	$170K	10x	as long as short
SunX NOW-USDT	0.0000%	8h	137.85	+0.094%	$777	$439K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.94	+0.160%	$5K	$26K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.80	+0.058%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.510%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.81	+0.065%	—	—	25x	as long as short
KuCoin NOWUSDTMlong	+0.0100%	8h	137.72	long leg	$317K	$738K	20x
tradeXYZ xyz:NOW	+0.0247%	1h	137.78	+0.044%	$2.1M	$200K	10x	as long as short