NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.17 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.026%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1521.522% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.026%, 7d avg +0.006%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.020% dearer against Bybit than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of +0.006%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOWUSDT	138.46	0.0229	pay 0.0229% / 8h	2h 47m	$1.6M	$2.3M	25x
Short	Binance NOWUSDT	138.50	0.0213	get 0.0213% / 8h	2h 47m	$1.8M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.026%Rate

Funding earned: −$3.5
Price spread: +0.026% → +0.006%: $2.02
Slippage, 4 orders: −$131.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$153.7
Costs to cover: 1.522%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 2 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 Bybit live order book, 5 min ago	1.80 bp	80.0 bp −$80	166.4 bp −$1,664	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.44 bp	7.8 bp −$8	35.0 bp −$350	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	138.58	+0.087%	$494K	$230K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.22	−0.173%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.43	−0.022%	$252K	$346K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.38	−0.058%	$767K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.50	+0.029%	$749	$367K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.52	+0.043%	$5K	$34K	20x	as long as short
Aster NOWUSDT	+0.0026%	8h	138.70	+0.176%	$41K	$995	20x	as long as short
Lighter NOW	+0.0032%	1h	138.34	−0.087%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.968%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.25	−0.152%	—	—	25x	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	138.22	−0.173%	$317K	$632K	20x	as long as short
BloFin NOW-USDT	+0.0207%	8h	138.56	+0.072%	$46K	$17K	20x	as long as short
Binance NOWUSDTshort	+0.0213%	8h	138.50	+0.026%	$1.8M	$1.4M	20x
Bybit NOWUSDTlong	+0.0229%	8h	138.46	long leg	$1.6M	$2.3M	25x
tradeXYZ xyz:NOW	+0.0290%	1h	138.33	−0.094%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0352%	8h	138.44	−0.014%	$226	$146K	10x	as long as short