NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0208%/8h= +22.8% APRnext payment +$2.08 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.181%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1061.063% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.230%−$23 · spread now +0.181%, 7d avg +0.036%

Together, before fees−0.230%−$23 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 Bybit is 0.145% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.036%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.08 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	137.91	0	get 0.0000% / 8h	3h 17m	$491K	$227K	20x
Short	Bybit NOWUSDT	138.16	0.0208	get 0.0208% / 8h	3h 17m	$1.6M	$2.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.181%Rate

Funding earned: $43.73
Price spread: +0.181% → +0.036%: $14.48
Slippage, 4 orders: −$85.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.08
Costs to cover: 1.063%
Break-even: 14.7 days

Slippage from OKX: live order book, 34 min ago; Bybit: live order book, 5 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, 34 min ago	6.88 bp	15.4 bp −$15	1132.2 bp −$11.3K	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.62 bp	46.4 bp −$46	172.1 bp −$1,721	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	137.91	long leg	$491K	$227K	20x
QFEX NOW-USD	0.0000%	1h	137.93	+0.015%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.11	+0.145%	$249K	$353K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.00	+0.065%	$773K	$249K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.05	+0.102%	$1K	$380K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.11	+0.145%	$5K	$34K	20x	as long as short
Aster NOWUSDT	0.0000%	8h	138.46	+0.398%	$41K	$995	20x	as long as short
Lighter NOW	+0.0032%	1h	138.02	+0.080%	$5K	$184	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.370%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.92	+0.007%	—	—	25x	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	137.91	0.000%	$317K	$636K	20x	as long as short
Bybit NOWUSDTshort	+0.0208%	8h	138.16	+0.181%	$1.6M	$2.8M	25x
Binance NOWUSDT	+0.0242%	8h	138.09	+0.131%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0261%	8h	138.03	+0.087%	$46K	$17K	20x	as long as short
tradeXYZ xyz:NOW	+0.0295%	1h	137.96	+0.036%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0456%	8h	138.02	+0.081%	$271	$147K	10x	as long as short