NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0099%/8h= −10.9% APRnext payment −$0.99 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Bybit−0.130%7-day average −0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs−$445as in the Funding arb table

Net, price: spread back to 7d avg − costs−$451as in the Price arb table

costs, in and out, $10k−$4514.506% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.130%, 7d avg −0.126%

Together, before fees+0.220%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.126%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOWUSDT	137.98	0.0199	pay 0.0199% / 8h	4h 07m	$1.6M	$3.7M	25x
Short	KuCoin NOWUSDTM	137.80	0.0100	get 0.0100% / 8h	4h 07m	$317K	$623K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$20.83
Price spread: −0.130% → −0.126%: −$0.42
Slippage, 4 orders: −$427.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$471.8
Costs to cover: 4.506%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: 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 Bybit live order book, 5 min ago	2.17 bp	38.7 bp −$39	159.9 bp −$1,599	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	14.16 bp	76.9 bp −$77	doesn't fit	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
QFEX NOW-USD	0.0000%	1h	137.79	−0.138%	$1.1M	$1.6M	10x	as long as short
Aster NOWUSDT	0.0000%	8h	138.27	+0.212%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.87	−0.080%	$491K	$227K	20x	as long as short
Gate NOW_USDT	0.0000%	8h	137.98	0.000%	$248K	$353K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.95	−0.022%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.98	0.000%	$942	$385K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.85	−0.094%	$5K	$32K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.91	−0.051%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.319%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.80	−0.130%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTMshort	+0.0100%	8h	137.80	−0.130%	$317K	$623K	20x
Binance NOWUSDT	+0.0176%	8h	138.02	+0.028%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0183%	8h	137.98	0.000%	$46K	$17K	20x	as long as short
Bybit NOWUSDTlong	+0.0199%	8h	137.98	long leg	$1.6M	$3.7M	25x
tradeXYZ xyz:NOW	+0.0298%	1h	137.89	−0.065%	$2.1M	$226K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0390%	8h	138.01	+0.022%	$516	$149K	10x	as long as short