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: Bitget against KuCoin+0.152%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$403as in the Funding arb table

Net, price: spread back to 7d avg − costs−$390as in the Price arb table

costs, in and out, $10k−$3963.964% of the position

Long on KuCoin Short on Bitget

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)−0.155%−$15 · spread now +0.152%, 7d avg +0.093%

Together, before fees−0.216%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.059% dearer against KuCoin than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.093%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 7 days (−0.061% in total) that is about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOWUSDTM	138.04	0.0100	pay 0.0100% / 8h	3h 13m	$317K	$634K	20x
Short	Bitget NOWUSDT	138.25	0	get 0.0000% / 8h	3h 13m	$766K	$254K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.152%Rate

Funding earned: −$21
Price spread: +0.152% → +0.093%: $5.95
Slippage, 4 orders: −$372.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$411.49
Costs to cover: 3.964%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 min ago; Bitget: live order book, 37 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 KuCoin live order book, 60 min ago	14.16 bp	286.7 bp −$287	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 37 min ago	1.09 bp	12.8 bp −$13	40.2 bp −$402	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	138.11	+0.051%	$492K	$227K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.18	+0.101%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.16	+0.087%	$249K	$353K	20x	as long as short
Bitget NOWUSDTshort	0.0000%	8h	138.25	+0.152%	$766K	$254K	20x
SunX NOW-USDT	0.0000%	8h	138.28	+0.174%	$1K	$369K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.23	+0.138%	$5K	$34K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.16	+0.087%	$5K	$184	5x	as long as short
Aster NOWUSDT	+0.0032%	8h	139.01	+0.706%	$41K	$995	20x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.275%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.17	+0.094%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTMlong	+0.0100%	8h	138.04	long leg	$317K	$634K	20x
Bybit NOWUSDT	+0.0211%	8h	138.19	+0.109%	$1.6M	$2.7M	25x	as long as short
BloFin NOW-USDT	+0.0240%	8h	138.13	+0.065%	$46K	$17K	20x	as long as short
Binance NOWUSDT	+0.0240%	8h	138.30	+0.185%	$1.8M	$1.4M	20x	as long as short
tradeXYZ xyz:NOW	+0.0292%	1h	138.14	+0.072%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0449%	8h	138.10	+0.046%	$265	$147K	10x	as long as short