Funding you earn now, next payment 08:00 UTC+0.0238%/8h= +26.0% APRnext payment +$2.38 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against SunX−0.072%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1501.500% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.072%, 7d avg +0.006%
=Funding pays, the price is against you. Binance is 0.078% cheaper against SunX than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.006%). If the spread goes back, that is −$8 on $10k: about 26 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.025% in total) that is about 22 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.38 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 | SunX NOW-USDT | 138.63 | 0 | get 0.0000% / 8h | 2h 36m | $832 | $367K | 10x |
| Short | Binance NOWUSDT | 138.53 | 0.0238 | get 0.0238% / 8h | 2h 36m | $1.8M | $1.4M | 20x |
SunX NOW-USDT
Binance NOWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $49.93
- Price spread: −0.072% → +0.006%
- −$7.76
- Slippage, 4 orders
- −$132
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$107.83
- Costs to cover
- 1.500%
- Break-even
- 22.1 days
Slippage from SunX: live order book, 34 min ago; Binance: live order book, 12 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 SunX live order book, 34 min ago | 45.94 bp | 64.3 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.44 bp | 7.8 bp −$8 | 35.0 bp −$350 | 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-SWAP | 0.0000% | 8h | 138.62 | −0.007% | $494K | $230K | 20x | as long as short |
| QFEX NOW-USD | 0.0000% | 1h | 138.38 | −0.180% | $1.1M | $1.4M | 10x | as long as short |
| Gate NOW_USDT | 0.0000% | 8h | 138.50 | −0.094% | $253K | $347K | 20x | as long as short |
| Bitget NOWUSDT | 0.0000% | 8h | 138.50 | −0.094% | $767K | $254K | 20x | as long as short |
| SunX NOW-USDTlong | 0.0000% | 8h | 138.63 | long leg | $832 | $367K | 10x | |
| HTX NOW-USDT | 0.0000% | 8h | 138.75 | +0.087% | $5K | $35K | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 138.54 | −0.065% | $5K | $171 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +0.844% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 138.41 | −0.159% | — | — | 25x | as long as short |
| Aster NOWUSDT | +0.0054% | 8h | 138.82 | +0.140% | $41K | $995 | 20x | as long as short |
OKX NOW-USDT-SWAP
QFEX NOW-USD
Gate NOW_USDT
Bitget NOWUSDT
HTX NOW-USDT
Lighter NOW
Injective NOW/USDC PERP
Vest NOW-USD-PERP
Aster NOWUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOWUSDTM | +0.0100% | 8h | 138.38 | −0.180% | $318K | $630K | 20x | as long as short |
| Binance NOWUSDTshort | +0.0238% | 8h | 138.53 | −0.072% | $1.8M | $1.4M | 20x | |
| BloFin NOW-USDT | +0.0246% | 8h | 138.55 | −0.058% | $46K | $18K | 20x | as long as short |
| Bybit NOWUSDT | +0.0247% | 8h | 138.54 | −0.065% | $1.6M | $2.1M | 25x | as long as short |
| tradeXYZ xyz:NOW | +0.0295% | 1h | 138.46 | −0.123% | $2.1M | $225K | 10x | as long as short |
| GRVT NOW_USDT_Perp | +0.0372% | 8h | 138.57 | −0.040% | $650 | $147K | 10x | as long as short |
KuCoin NOWUSDTM
BloFin NOW-USDT
Bybit NOWUSDT
tradeXYZ xyz:NOW
GRVT NOW_USDT_Perp