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: OKX against KuCoin+0.065%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6,672as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6,668as in the Price arb table

costs, in and out, $10k−$6,66666.655% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.065%, 7d avg +0.091%

Together, before fees−0.075%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.026% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.091%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOWUSDTM	138.76	0.0100	pay 0.0100% / 8h	2h 03m	$318K	$632K	20x
Short	OKX NOW-USDT-SWAP	138.85	0	get 0.0000% / 8h	2h 03m	$495K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$21
Price spread: +0.065% → +0.091%: −$2.58
Slippage, 4 orders: −$6,643.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$6,689.13
Costs to cover: 66.655%
Break-even: never at this rate

Slippage from KuCoin: live order book, 55 min ago; OKX: live order book, 42 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, 55 min ago	9.40 bp	6463.9 bp −$6,464	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 42 min ago	5.05 bp	19.4 bp −$19	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
OKX NOW-USDT-SWAPshort	0.0000%	8h	138.85	+0.065%	$495K	$232K	20x
QFEX NOW-USD	0.0000%	1h	138.78	+0.014%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.84	+0.058%	$253K	$350K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.82	+0.043%	$769K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.94	+0.130%	$914	$353K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.90	+0.101%	$5K	$35K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.82	+0.043%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.749%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.81	+0.036%	—	—	25x	as long as short
Aster NOWUSDT	+0.0051%	8h	139.22	+0.333%	$41K	$995	20x	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	138.76	long leg	$318K	$632K	20x
Binance NOWUSDT	+0.0206%	8h	138.92	+0.115%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0212%	8h	138.93	+0.123%	$45K	$18K	20x	as long as short
Bybit NOWUSDT	+0.0231%	8h	138.88	+0.086%	$1.6M	$1.6M	25x	as long as short
tradeXYZ xyz:NOW	+0.0237%	1h	138.76	0.000%	$2.1M	$227K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0317%	8h	138.94	+0.130%	$581	$144K	10x	as long as short