NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0295%/8h= −32.3% APRnext payment −$0.37 per $10,000 · paid last 24h −0.049%

Price spread now: QFEX against tradeXYZ−0.044%49s7-day average −0.039% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3523.516% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.044%, 7d avg −0.039%

Together, before fees−0.030%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.043% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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	tradeXYZ xyz:NOW	137.78	0.0295	pay 0.0037% / 1h	35m 54s	$2.1M	$201K	10x
Short	QFEX NOW-USD	137.72	0.0000	pay 0.0000% / 1h	35m 54s	$1.1M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee tradeXYZbpFee QFEXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$62.04
Price spread: −0.044% → −0.039%: −$0.45
Slippage, 4 orders: −$323.65
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$414.14
Costs to cover: 3.516%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 2 min ago; QFEX: 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 tradeXYZ live order book, 2 min ago	2.90 bp	14.8 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	152.13 bp	160.7 bp −$161	167.2 bp −$1,672	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
BloFin NOW-USDT	−0.0004%	8h	137.90	+0.087%	$45K	$17K	20x	as long as short
QFEX NOW-USDshort	0.0000%	1h	137.72	−0.044%	$1.1M	$2.1M	10x
Aster NOWUSDT	0.0000%	8h	137.84	+0.040%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.87	+0.068%	$1.6M	$1.3M	20x	as long as short
Bybit NOWUSDT	0.0000%	8h	137.85	+0.051%	$1.5M	$5.7M	25x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	+0.065%	$484K	$196K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.83	+0.036%	$251K	$396K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.84	+0.044%	$762K	$274K	20x	as long as short
GRVT NOW_USDT_Perp	0.0000%	8h	137.89	+0.080%	$415	$168K	10x	as long as short
SunX NOW-USDT	0.0000%	8h	137.87	+0.065%	$794	$436K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOW-USDT	0.0000%	8h	137.88	+0.073%	$5K	$27K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.79	+0.007%	$5K	$173	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.466%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.75	−0.022%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	137.62	−0.116%	$318K	$702K	20x	as long as short
tradeXYZ xyz:NOWlong	+0.0295%	1h	137.78	long leg	$2.1M	$201K	10x