Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.052%
Price spread now: Binance against tradeXYZ+0.061%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$720.725% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now +0.061%, 7d avg +0.073%
=Together, before fees−0.183%+ Points / potential airdroptradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NOW | 137.89 | 0.0278 | pay 0.0035% / 1h | 33m 14s | $2.1M | $226K | 10x |
| Short | Binance NOWUSDT | 137.97 | 0.0182 | get 0.0182% / 8h | 4h 33m | $1.8M | $1.4M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.19
- Price spread: +0.061% → +0.073%
- −$1.22
- Slippage, 4 orders
- −$44.48
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$93.88
- Costs to cover
- 0.725%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Binance: live order book, 15 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 tradeXYZ live order book, 5 min ago | 2.54 bp | 23.0 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.09 bp | 15.6 bp −$16 | 63.0 bp −$630 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX NOW-USD | 0.0000% | 1h | 137.81 | −0.058% | $1.1M | $1.7M | 10x | as long as short |
| Aster NOWUSDT | 0.0000% | 8h | 138.09 | +0.147% | $41K | $995 | 20x | as long as short |
| OKX NOW-USDT-SWAP | 0.0000% | 8h | 138.00 | +0.080% | $492K | $227K | 20x | as long as short |
| Gate NOW_USDT | 0.0000% | 8h | 137.97 | +0.058% | $248K | $351K | 20x | as long as short |
| Bitget NOWUSDT | 0.0000% | 8h | 137.91 | +0.015% | $781K | $234K | 20x | as long as short |
| SunX NOW-USDT | 0.0000% | 8h | 137.95 | +0.044% | $553 | $385K | 10x | as long as short |
| HTX NOW-USDT | 0.0000% | 8h | 138.06 | +0.123% | $5K | $32K | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 137.91 | +0.015% | $5K | $178 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +1.385% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 137.82 | −0.051% | — | — | 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 | 137.86 | −0.022% | $318K | $619K | 20x | as long as short |
| Binance NOWUSDTshort | +0.0182% | 8h | 137.97 | +0.061% | $1.8M | $1.4M | 20x | |
| BloFin NOW-USDT | +0.0186% | 8h | 137.95 | +0.044% | $46K | $17K | 20x | as long as short |
| Bybit NOWUSDT | +0.0256% | 8h | 138.01 | +0.087% | $1.6M | $4.3M | 25x | as long as short |
| tradeXYZ xyz:NOWlong | +0.0278% | 1h | 137.89 | long leg | $2.1M | $226K | 10x | |
| GRVT NOW_USDT_Perp | +0.0428% | 8h | 138.03 | +0.099% | $540 | $149K | 10x | as long as short |
tradeXYZ xyz:NOW
Binance NOWUSDT
Aster NOWUSDT
OKX NOW-USDT-SWAP
Gate NOW_USDT
Bitget NOWUSDT
SunX NOW-USDT
HTX NOW-USDT
Lighter NOW
Injective NOW/USDC PERP
KuCoin NOWUSDTM
BloFin NOW-USDT
Bybit NOWUSDT
GRVT NOW_USDT_Perp