Settings8H · net · $10k
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Funding arb · Price arb /

NOW

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0355%/8h= −38.8% APRpaid last 24h −0.054%
Price spread now: OKX against tradeXYZ+0.007%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$720.721% of the position
Long on tradeXYZShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.278%−$28 on $10k
Price spread, last 4 days (all we have)+0.084%+$8 · spread now +0.007%, 7d avg +0.025%
Together, before fees−0.195%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:NOW137.910.0355pay 0.0044% / 1h41m 16s$2.1M$224K10x
ShortOKX NOW-USDT-SWAP137.920get 0.0000% / 8h3h 41m$491K$226K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against tradeXYZ. 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

Funding earned
−$74.46
Price spread: +0.007% → +0.025%
−$1.75
Slippage, 4 orders
−$44.14
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee OKX: 5 bp × 2 orders
−$10
Net
−$148.35
Costs to cover
0.721%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 6 min ago; OKX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 6 min ago3.26 bp23.7 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 9 min ago6.88 bp15.4 bp −$151056.7 bp −$10.6Kdoesn't fitdoesn't fit

NOW on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NOWUSDT0.0000%8h138.77+0.620%$41K$99520xas long as short
OKX NOW-USDT-SWAPshort0.0000%8h137.92+0.007%$491K$226K20x
QFEX NOW-USD0.0000%1h137.85−0.044%$1.1M$1.5M10xas long as short
Gate NOW_USDT0.0000%8h138.02+0.080%$249K$351K20xas long as short
Bitget NOWUSDT0.0000%8h137.98+0.051%$786K$237K20xas long as short
SunX NOW-USDT0.0000%8h138.13+0.160%$1K$379K10xas long as short
HTX NOW-USDT0.0000%8h138.01+0.073%$5K$33K20xas long as short
Lighter NOW+0.0032%1h137.99+0.058%$5K$1845xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+1.370%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h137.86−0.036%——25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTM+0.0100%8h137.86−0.036%$317K$635K20xas long as short
Binance NOWUSDT+0.0208%8h138.04+0.094%$1.8M$1.4M20xas long as short
Bybit NOWUSDT+0.0210%8h138.01+0.073%$1.6M$3.2M25xas long as short
BloFin NOW-USDT+0.0214%8h138.10+0.138%$46K$17K20xas long as short
tradeXYZ xyz:NOWlong+0.0355%1h137.91long leg$2.1M$224K10x
GRVT NOW_USDT_Perp+0.0422%8h138.08+0.124%$355$147K10xas long as short