NOW

Alert: funding

Alert: spread

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: Bybit against SunX−0.007%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2842.840% of the position

Long on SunX 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)−0.148%−$15 · spread now −0.007%, 7d avg −0.008%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

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 +$2.38 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	139.05	0	get 0.0000% / 8h	2h 20m	$1K	$356K	10x
Short	Bybit NOWUSDT	139.04	0.0238	get 0.0238% / 8h	2h 20m	$1.6M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.007%Rate

Funding earned: $49.9
Price spread: −0.007% → −0.008%: $0.1
Slippage, 4 orders: −$265.02
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$234.02
Costs to cover: 2.840%
Break-even: 39.8 days

Slippage from SunX: live order book, 51 min ago; Bybit: live order book, 1 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, 51 min ago	45.94 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.72 bp	89.2 bp −$89	170.7 bp −$1,707	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	138.95	−0.072%	$495K	$231K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.83	−0.158%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.87	−0.129%	$253K	$349K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.83	−0.158%	$769K	$254K	20x	as long as short
SunX NOW-USDTlong	0.0000%	8h	139.05	long leg	$1K	$356K	10x
HTX NOW-USDT	0.0000%	8h	139.01	−0.029%	$5K	$35K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.88	−0.122%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.539%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.91	−0.101%	—	—	25x	as long as short
Aster NOWUSDT	+0.0048%	8h	139.19	+0.101%	$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 NOWUSDTM	+0.0100%	8h	138.74	−0.223%	$319K	$627K	20x	as long as short
BloFin NOW-USDT	+0.0191%	8h	139.05	0.000%	$46K	$18K	20x	as long as short
Binance NOWUSDT	+0.0215%	8h	138.97	−0.058%	$1.8M	$1.4M	20x	as long as short
tradeXYZ xyz:NOW	+0.0229%	1h	138.81	−0.173%	$2.1M	$227K	10x	as long as short
Bybit NOWUSDTshort	+0.0238%	8h	139.04	−0.007%	$1.6M	$1.8M	25x
GRVT NOW_USDT_Perp	+0.0332%	8h	138.86	−0.135%	$640	$145K	10x	as long as short