NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against OKX+0.007%7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$675as in the Funding arb table

Net, price: spread back to 7d avg − costs−$671as in the Price arb table

costs, in and out, $10k−$6816.811% of the position

Long on OKX 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)−0.045%−$4 · spread now +0.007%, 7d avg −0.092%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.099% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOW-USDT-SWAP	139.49	0	get 0.0000% / 8h	7h 59m	$507K	$253K	20x
Short	KuCoin NOWUSDTM	139.50	0.0100	get 0.0100% / 8h	7h 59m	$318K	$658K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.007%Rate

Funding earned: $21
Price spread: +0.007% → −0.092%: $9.94
Slippage, 4 orders: −$659.14
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$650.2
Costs to cover: 6.811%
Break-even: 223.7 days

Slippage from OKX: live order book, 37 min ago; KuCoin: live order book, 45 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, 37 min ago	12.20 bp	21.4 bp −$21	1255.2 bp −$12.6K	doesn't fit	doesn't fit
Sell KuCoin live order book, 45 min ago	3.23 bp	298.9 bp −$299	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
Bybit NOWUSDT	0.0000%	8h	139.66	+0.122%	$1.6M	$295K	25x	as long as short
OKX NOW-USDT-SWAPlong	0.0000%	8h	139.49	long leg	$507K	$253K	20x
QFEX NOW-USD	0.0000%	1h	139.59	+0.072%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	139.50	+0.007%	$253K	$304K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	139.54	+0.036%	$778K	$258K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.55	+0.043%	$1K	$325K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	139.50	+0.007%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	139.59	+0.072%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.222%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	139.51	+0.014%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NOWUSDT	+0.0076%	8h	140.03	+0.386%	$42K	$859	20x	as long as short
KuCoin NOWUSDTMshort	+0.0100%	8h	139.50	+0.007%	$318K	$658K	20x
BloFin NOW-USDT	+0.0146%	8h	139.84	+0.251%	$46K	$18K	20x	as long as short
Binance NOWUSDT	+0.0154%	8h	139.67	+0.127%	$1.9M	$1.5M	20x	as long as short
GRVT NOW_USDT_Perp	+0.0284%	8h	139.53	+0.029%	$187	$138K	10x	as long as short
tradeXYZ xyz:NOW	+0.0494%	1h	139.51	+0.014%	$2.1M	$236K	10x	as long as short