NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0202%/8h= +22.1% APRnext payment +$2.02 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.152%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1351.351% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.152%, 7d avg +0.035%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.117% dearer against OKX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.035%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.02 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOW-USDT-SWAP	137.87	0	get 0.0000% / 8h	3h 54m	$491K	$227K	20x
Short	Bybit NOWUSDT	138.08	0.0202	get 0.0202% / 8h	3h 54m	$1.6M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.152%Rate

Funding earned: $42.38
Price spread: +0.152% → +0.035%: $11.69
Slippage, 4 orders: −$114.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$80.99
Costs to cover: 1.351%
Break-even: 20.4 days

Slippage from OKX: live order book, 62 min ago; Bybit: live order book, 3 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 OKX live order book, 62 min ago	4.71 bp	23.7 bp −$24	1533.5 bp −$15.3K	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.17 bp	56.6 bp −$57	160.0 bp −$1,600	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	138.55	+0.490%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAPlong	0.0000%	8h	137.87	long leg	$491K	$227K	20x
QFEX NOW-USD	0.0000%	1h	137.85	−0.015%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.05	+0.131%	$249K	$348K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.98	+0.080%	$781K	$235K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.10	+0.167%	$782	$381K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.90	+0.022%	$5K	$33K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.97	+0.073%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.400%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.86	−0.007%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	137.80	−0.051%	$317K	$634K	20x	as long as short
BloFin NOW-USDT	+0.0159%	8h	138.11	+0.174%	$46K	$17K	20x	as long as short
Binance NOWUSDT	+0.0189%	8h	138.07	+0.145%	$1.8M	$1.4M	20x	as long as short
Bybit NOWUSDTshort	+0.0202%	8h	138.08	+0.152%	$1.6M	$3.3M	25x
tradeXYZ xyz:NOW	+0.0391%	1h	137.93	+0.044%	$2.1M	$226K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0392%	8h	138.04	+0.123%	$366	$147K	10x	as long as short