Funding you earn now, next payment 03:00 UTC−0.0422%/8h= −46.3% APRpaid last 24h −0.050%
Price spread now: SunX against tradeXYZ+0.109%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2462.455% of the position
Funding, last 7 days−0.274%−$27 on $10k
+Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.109%, 7d avg +0.070%
=Together, before fees−0.203%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.039% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.070%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.274% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.274% in total (about -14.3% a year). A funding rate is set anew for every payment. 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 | 137.80 | 0.0422 | pay 0.0053% / 1h | 48m 19s | $2.1M | $229K | 10x |
| Short | SunX NOW-USDT | 137.95 | 0 | get 0.0000% / 8h | 5h 48m | $895 | $387K | 10x |
tradeXYZ xyz:NOW
SunX NOW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against tradeXYZ. 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
- −$88.71
- Price spread: +0.109% → +0.070%
- $3.93
- Slippage, 4 orders
- −$219.51
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$330.3
- Costs to cover
- 2.455%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; SunX: live order book, 52 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, 9 min ago | 3.99 bp | 28.8 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 52 min ago | 81.14 bp | 100.3 bp −$100 | 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 | 138.81 | +0.731% | $41K | $995 | 20x | as long as short |
| OKX NOW-USDT-SWAP | 0.0000% | 8h | 138.01 | +0.152% | $489K | $228K | 20x | as long as short |
| QFEX NOW-USD | 0.0000% | 1h | 137.75 | −0.036% | $1.1M | $1.9M | 10x | as long as short |
| Gate NOW_USDT | 0.0000% | 8h | 137.93 | +0.094% | $249K | $365K | 20x | as long as short |
| Bitget NOWUSDT | 0.0000% | 8h | 137.93 | +0.094% | $781K | $234K | 20x | as long as short |
| SunX NOW-USDTshort | 0.0000% | 8h | 137.95 | +0.109% | $895 | $387K | 10x | |
| HTX NOW-USDT | 0.0000% | 8h | 137.85 | +0.036% | $5K | $30K | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 137.88 | +0.058% | $5K | $178 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +1.451% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 137.77 | −0.022% | — | — | 25x | as long as short |
Aster NOWUSDT
OKX NOW-USDT-SWAP
QFEX NOW-USD
Gate NOW_USDT
Bitget NOWUSDT
HTX NOW-USDT
Lighter NOW
Injective NOW/USDC PERP
Vest NOW-USD-PERPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOWUSDTM | +0.0100% | 8h | 137.76 | −0.029% | $319K | $646K | 20x | as long as short |
| Binance NOWUSDT | +0.0174% | 8h | 137.97 | +0.126% | $1.8M | $1.4M | 20x | as long as short |
| Bybit NOWUSDT | +0.0187% | 8h | 137.90 | +0.073% | $1.6M | $4.9M | 25x | as long as short |
| tradeXYZ xyz:NOWlong | +0.0422% | 1h | 137.80 | long leg | $2.1M | $229K | 10x | |
| GRVT NOW_USDT_Perp | +0.0577% | 8h | 137.94 | +0.105% | $211 | $152K | 10x | as long as short |
KuCoin NOWUSDTM
Binance NOWUSDT
Bybit NOWUSDT
GRVT NOW_USDT_Perp