NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0207%/8h= +22.7% APRnext payment +$2.07 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.065%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.065%, 7d avg +0.044%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.021% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.044%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOW-USDT-SWAP	138.91	0	get 0.0000% / 8h	1h 51m	$496K	$231K	20x
Short	Binance NOWUSDT	139.00	0.0207	get 0.0207% / 8h	1h 51m	$1.8M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.065%Rate

Funding earned: $43.57
Price spread: +0.065% → +0.044%: $2.09
Slippage, 4 orders: −$50.06
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.4
Costs to cover: 0.701%
Break-even: 10.9 days

Slippage from OKX: live order book, 54 min ago; Binance: live order book, 12 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 OKX live order book, 54 min ago	5.05 bp	25.0 bp −$25	1365.4 bp −$13.7K	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.44 bp	11.3 bp −$11	53.1 bp −$531	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-SWAPlong	0.0000%	8h	138.91	long leg	$496K	$231K	20x
QFEX NOW-USD	0.0000%	1h	138.89	−0.014%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.92	+0.007%	$253K	$345K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.89	−0.014%	$770K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.02	+0.079%	$787	$349K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.13	+0.158%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.84	−0.050%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.641%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.93	+0.014%	—	—	25x	as long as short
Aster NOWUSDT	+0.0063%	8h	139.30	+0.282%	$41K	$995	20x	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	138.79	−0.086%	$319K	$630K	20x	as long as short
tradeXYZ xyz:NOW	+0.0172%	1h	138.89	−0.014%	$2.1M	$228K	10x	as long as short
Binance NOWUSDTshort	+0.0207%	8h	139.00	+0.065%	$1.8M	$1.4M	20x
Bybit NOWUSDT	+0.0221%	8h	138.90	−0.007%	$1.6M	$1.4M	25x	as long as short
BloFin NOW-USDT	+0.0221%	8h	139.00	+0.065%	$46K	$18K	20x	as long as short
GRVT NOW_USDT_Perp	+0.0306%	8h	138.94	+0.022%	$374	$143K	10x	as long as short