Settings8H · net · $10k
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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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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: Bybit against KuCoin+0.131%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$703as in the Funding arb table
Net, price: spread back to 7d avg − costs−$701as in the Price arb table
costs, in and out, $10k−$7027.019% of the position
Long on KuCoinShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.131%, 7d avg +0.126%
Together, before fees−0.173%−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.126%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NOWUSDTM137.660.0100pay 0.0100% / 8h2h 03m$317K$758K20x
ShortBybit NOWUSDT137.840get 0.0000% / 8h2h 03m$1.5M$5.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
−$21
Price spread: +0.131% → +0.126%
$0.51
Slippage, 4 orders
−$678.92
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$722.41
Costs to cover
7.019%
Break-even
never at this rate
Slippage from KuCoin: live order book, 10 min ago; Bybit: live order book, 5 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 KuCoin live order book, 10 min ago17.09 bp252.8 bp −$253doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.36 bp68.7 bp −$69159.2 bp −$1,592doesn'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
BloFin NOW-USDT−0.0013%8h137.88+0.160%$45K$17K20xas long as short
Aster NOWUSDT0.0000%8h137.78+0.090%$41K$99520xas long as short
Binance NOWUSDT0.0000%8h137.81+0.109%$1.6M$1.3M20xas long as short
Bybit NOWUSDTshort0.0000%8h137.84+0.131%$1.5M$5.8M25x
OKX NOW-USDT-SWAP0.0000%8h137.96+0.218%$480K$193K20xas long as short
QFEX NOW-USD0.0000%1h137.78+0.087%$1.1M$2.0M10xas long as short
Gate NOW_USDT0.0000%8h137.78+0.087%$249K$406K20xas long as short
Bitget NOWUSDT0.0000%8h137.82+0.116%$761K$266K20xas long as short
GRVT NOW_USDT_Perp0.0000%8h137.82+0.116%$549$173K10xas long as short
SunX NOW-USDT0.0000%8h137.84+0.131%$557$453K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX NOW-USDT0.0000%8h138.00+0.247%$5K$25K20xas long as short
Lighter NOW+0.0032%1h137.79+0.094%$5K$2625xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.555%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.79+0.094%——25xas long as short
KuCoin NOWUSDTMlong+0.0100%8h137.66long leg$317K$758K20x
tradeXYZ xyz:NOW+0.0220%1h137.76+0.073%$2.1M$197K10xas long as short