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: KuCoin against OKX−0.014%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$396as in the Funding arb table

Net, price: spread back to 7d avg − costs−$394as in the Price arb table

costs, in and out, $10k−$4024.021% of the position

Long on OKX Short on KuCoin

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)−0.021%−$2 · spread now −0.014%, 7d avg −0.091%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.077% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOW-USDT-SWAP	139.28	0	get 0.0000% / 8h	1h 21m	$497K	$247K	20x
Short	KuCoin NOWUSDTM	139.26	0.0100	get 0.0100% / 8h	1h 21m	$318K	$639K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.014%Rate

Funding earned: $21
Price spread: −0.014% → −0.091%: $7.71
Slippage, 4 orders: −$380.15
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$373.44
Costs to cover: 4.021%
Break-even: 131.5 days

Slippage from OKX: live order book, 19 min ago; KuCoin: live order book, 32 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, 19 min ago	10.43 bp	31.4 bp −$31	1528.8 bp −$15.3K	doesn't fit	doesn't fit
Sell KuCoin live order book, 32 min ago	16.59 bp	109.7 bp −$110	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-SWAPlong	0.0000%	8h	139.28	long leg	$497K	$247K	20x
QFEX NOW-USD	0.0000%	1h	139.28	0.000%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.19	−0.065%	$253K	$347K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.42	+0.101%	$770K	$260K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.15	−0.093%	$996	$342K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.42	+0.101%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.28	0.000%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.373%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.29	+0.007%	—	—	25x	as long as short
Aster NOWUSDT	+0.0048%	8h	139.88	+0.428%	$42K	$859	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTMshort	+0.0100%	8h	139.26	−0.014%	$318K	$639K	20x
Bybit NOWUSDT	+0.0171%	8h	139.43	+0.108%	$1.6M	$938K	25x	as long as short
Binance NOWUSDT	+0.0172%	8h	139.57	+0.208%	$1.8M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0187%	8h	139.19	−0.065%	$46K	$18K	20x	as long as short
tradeXYZ xyz:NOW	+0.0189%	1h	139.32	+0.029%	$2.1M	$228K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0260%	8h	139.02	−0.186%	$350	$143K	10x	as long as short