NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Gate−0.116%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$433as in the Funding arb table

Net, price: spread back to 7d avg − costs−$443as in the Price arb table

costs, in and out, $10k−$4404.396% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.116%, 7d avg −0.079%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.037% cheaper against Gate than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.079%). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.061% in total) that is about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOW_USDT	138.02	0	get 0.0000% / 8h	3h 41m	$249K	$351K	20x
Short	KuCoin NOWUSDTM	137.86	0.0100	get 0.0100% / 8h	3h 41m	$317K	$635K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.116%Rate

Funding earned: $21
Price spread: −0.116% → −0.079%: −$3.72
Slippage, 4 orders: −$412.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$422.3
Costs to cover: 4.396%
Break-even: 147.8 days

Slippage from Gate: live order book, 9 min ago; KuCoin: live order book, 32 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 Gate live order book, 9 min ago	24.61 bp	37.6 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 32 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
Aster NOWUSDT	0.0000%	8h	138.74	+0.520%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.92	−0.072%	$491K	$226K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.85	−0.123%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDTlong	0.0000%	8h	138.02	long leg	$249K	$351K	20x
Bitget NOWUSDT	0.0000%	8h	137.98	−0.029%	$782K	$237K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.13	+0.080%	$1K	$379K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.11	+0.065%	$5K	$33K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.00	−0.014%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.290%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.86	−0.116%	—	—	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	137.86	−0.116%	$317K	$635K	20x
Binance NOWUSDT	+0.0208%	8h	138.04	+0.014%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0209%	8h	138.09	+0.051%	$46K	$17K	20x	as long as short
Bybit NOWUSDT	+0.0210%	8h	138.01	−0.007%	$1.6M	$3.2M	25x	as long as short
tradeXYZ xyz:NOW	+0.0355%	1h	137.91	−0.080%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0422%	8h	138.08	+0.044%	$355	$147K	10x	as long as short