NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0409%/8h= +44.8% APRnext payment +$0.51 per $10,000 · paid last 24h +0.050%

Price spread now: tradeXYZ against QFEX+0.058%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$670.673% of the position

Long on QFEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.058%, 7d avg +0.040%

Together, before fees+0.029%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.049% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 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	QFEX NOW-USD	137.75	0	get 0.0000% / 1h	51m 31s	$1.1M	$1.9M	10x
Short	tradeXYZ xyz:NOW	137.83	0.0409	get 0.0051% / 1h	51m 31s	$2.1M	$229K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against QFEX. 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 QFEXbpFee tradeXYZbpOrdersPrice spread, now +0.058%Rate

Funding earned: $85.84
Price spread: +0.058% → +0.040%: $1.8
Slippage, 4 orders: −$39.35
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $20.3
Costs to cover: 0.673%
Break-even: 5.3 days

Slippage from QFEX: live order book, 10 min ago; tradeXYZ: live order book, 6 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 QFEX live order book, 10 min ago	2.18 bp	12.5 bp −$13	21.3 bp −$213	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	3.99 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit

NOW on 15 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	138.77	+0.738%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	138.05	+0.218%	$489K	$228K	20x	as long as short
QFEX NOW-USDlong	0.0000%	1h	137.75	long leg	$1.1M	$1.9M	10x
Gate NOW_USDT	0.0000%	8h	137.97	+0.160%	$245K	$365K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.94	+0.138%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.95	+0.145%	$895	$387K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.96	+0.152%	$5K	$30K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.90	+0.109%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.488%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.77	+0.015%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	+0.0100%	8h	137.73	−0.015%	$318K	$647K	20x	as long as short
Binance NOWUSDT	+0.0171%	8h	137.95	+0.144%	$1.8M	$1.4M	20x	as long as short
Bybit NOWUSDT	+0.0220%	8h	137.91	+0.116%	$1.6M	$4.9M	25x	as long as short
tradeXYZ xyz:NOWshort	+0.0409%	1h	137.83	+0.058%	$2.1M	$229K	10x
GRVT NOW_USDT_Perp	+0.0590%	8h	137.98	+0.167%	$280	$152K	10x	as long as short