NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.07 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.098%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1541.541% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days+0.065%+$6 · spread now −0.098%, 7d avg −0.006%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.092% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOWUSDT	139.03	0.0206	pay 0.0206% / 8h	1h 48m	$1.8M	$1.4M	20x
Short	Bybit NOWUSDT	138.89	0.0213	get 0.0213% / 8h	1h 48m	$1.6M	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.098%Rate

Funding earned: $1.48
Price spread: −0.098% → −0.006%: −$9.21
Slippage, 4 orders: −$133.09
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$161.82
Costs to cover: 1.541%
Break-even: 771.0 days

Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 3 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 Binance live order book, 15 min ago	1.44 bp	14.5 bp −$14	47.1 bp −$471	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.96 bp	41.7 bp −$42	169.5 bp −$1,695	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-SWAP	0.0000%	8h	139.05	+0.017%	$496K	$232K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	138.89	−0.098%	$1.1M	$1.4M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.93	−0.070%	$253K	$346K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.89	−0.098%	$770K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	139.02	−0.005%	$787	$349K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.99	−0.026%	$5K	$36K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.86	−0.120%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+0.556%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	138.93	−0.070%	—	—	25x	as long as short
Aster NOWUSDT	+0.0064%	8h	139.19	+0.114%	$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	138.83	−0.142%	$320K	$632K	20x	as long as short
tradeXYZ xyz:NOW	+0.0158%	1h	138.89	−0.098%	$2.1M	$228K	10x	as long as short
BloFin NOW-USDT	+0.0192%	8h	139.01	−0.012%	$46K	$18K	20x	as long as short
Binance NOWUSDTlong	+0.0206%	8h	139.03	long leg	$1.8M	$1.4M	20x
Bybit NOWUSDTshort	+0.0213%	8h	138.89	−0.098%	$1.6M	$1.4M	25x
GRVT NOW_USDT_Perp	+0.0304%	8h	138.98	−0.034%	$374	$143K	10x	as long as short