NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0147%/8h= −16.1% APRnext payment −$1.47 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance+0.057%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$820.824% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.057%, 7d avg −0.041%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.099% dearer against Binance than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of −0.041%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.025% in total) that is about 28 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOWUSDT	139.41	0.0147	pay 0.0147% / 8h	46m 09s	$1.8M	$1.5M	20x
Short	OKX NOW-USDT-SWAP	139.49	0	get 0.0000% / 8h	46m 09s	$501K	$247K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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 BinancebpFee OKXbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$30.8
Price spread: +0.057% → −0.041%: $9.88
Slippage, 4 orders: −$62.36
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$103.27
Costs to cover: 0.824%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; OKX: live order book, 55 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 Binance live order book, 3 min ago	0.72 bp	15.7 bp −$16	58.8 bp −$588	doesn't fit	doesn't fit
Sell OKX live order book, 55 min ago	10.43 bp	18.6 bp −$19	1181.4 bp −$11.8K	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-SWAPshort	0.0000%	8h	139.49	+0.057%	$501K	$247K	20x
QFEX NOW-USD	0.0000%	1h	139.21	−0.143%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.36	−0.036%	$253K	$345K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.30	−0.079%	$769K	$263K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.40	−0.007%	$995	$329K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.48	+0.050%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.24	−0.122%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.280%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.26	−0.108%	—	—	25x	as long as short
Aster NOWUSDT	+0.0050%	8h	140.15	+0.532%	$42K	$859	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	139.34	−0.050%	$317K	$643K	20x	as long as short
BloFin NOW-USDT	+0.0118%	8h	139.42	+0.007%	$46K	$18K	20x	as long as short
Binance NOWUSDTlong	+0.0147%	8h	139.41	long leg	$1.8M	$1.5M	20x
Bybit NOWUSDT	+0.0169%	8h	139.37	−0.029%	$1.6M	$468K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0240%	8h	139.36	−0.037%	$282	$141K	10x	as long as short
tradeXYZ xyz:NOW	+0.0396%	1h	139.32	−0.065%	$2.1M	$238K	10x	as long as short