Settings8H · net · $10k
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Funding arb · Price arb /

NOW

RWAall NOW markets
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Alert: funding
Measured
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Alert: spread
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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: OKX against KuCoin+0.079%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6,672as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6,667as in the Price arb table
costs, in and out, $10k−$6,66666.655% of the position
Long on KuCoinShort on OKX
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)−0.028%−$3 · spread now +0.079%, 7d avg +0.091%
Together, before fees−0.089%−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NOWUSDTM138.740.0100pay 0.0100% / 8h2h 07m$319K$632K20x
ShortOKX NOW-USDT-SWAP138.850get 0.0000% / 8h2h 07m$495K$232K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
−$21
Price spread: +0.079% → +0.091%
−$1.14
Slippage, 4 orders
−$6,643.55
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$6,687.68
Costs to cover
66.655%
Break-even
never at this rate
Slippage from KuCoin: live order book, 52 min ago; OKX: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 52 min ago9.40 bp6463.9 bp −$6,464doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 39 min ago5.05 bp19.4 bp −$19doesn't fitdoesn't fitdoesn't fit

NOW on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NOW-USDT-SWAPshort0.0000%8h138.85+0.079%$495K$232K20x
QFEX NOW-USD0.0000%1h138.81+0.050%$1.1M$1.4M10xas long as short
Gate NOW_USDT0.0000%8h138.91+0.123%$253K$350K20xas long as short
Bitget NOWUSDT0.0000%8h138.71−0.022%$769K$254K20xas long as short
SunX NOW-USDT0.0000%8h138.92+0.130%$1K$353K10xas long as short
HTX NOW-USDT0.0000%8h138.91+0.123%$5K$35K20xas long as short
Lighter NOW+0.0032%1h138.81+0.050%$5K$1715xas long as short
Injective NOW/USDC PERP+0.0033%1h139.80+0.764%$3K$10112xas long as short
Vest NOW-USD-PERP+0.0046%1h138.86+0.086%——25xas long as short
Aster NOWUSDT+0.0050%8h139.31+0.411%$41K$99520xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOWUSDTMlong+0.0100%8h138.74long leg$319K$632K20x
Binance NOWUSDT+0.0208%8h138.93+0.137%$1.8M$1.5M20xas long as short
BloFin NOW-USDT+0.0230%8h138.93+0.137%$46K$18K20xas long as short
Bybit NOWUSDT+0.0236%8h138.93+0.137%$1.6M$1.7M25xas long as short
tradeXYZ xyz:NOW+0.0240%1h138.85+0.079%$2.1M$227K10xas long as short
GRVT NOW_USDT_Perp+0.0321%8h138.93+0.137%$604$144K10xas long as short