NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0077%/8h= −8.5% APRnext payment −$0.77 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Binance−0.161%7-day average −0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,065as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,071as in the Price arb table

costs, in and out, $10k−$1,06810.683% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.646%−$65 · spread now −0.161%, 7d avg −0.133%

Together, before fees−0.610%−$61 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.028% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.133%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOWUSDT	137.99	0.0177	pay 0.0177% / 8h	5h 46m	$1.8M	$1.4M	20x
Short	KuCoin NOWUSDTM	137.77	0.0100	get 0.0100% / 8h	5h 46m	$318K	$645K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$16.25
Price spread: −0.161% → −0.133%: −$2.82
Slippage, 4 orders: −$1,046.29
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,087.36
Costs to cover: 10.683%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 52 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, 2 min ago	1.09 bp	13.2 bp −$13	50.5 bp −$505	doesn't fit	doesn't fit
Sell KuCoin live order book, 52 min ago	6.16 bp	711.6 bp −$712	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
Aster NOWUSDT	0.0000%	8h	138.78	+0.571%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	138.01	+0.013%	$489K	$228K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.72	−0.197%	$1.1M	$1.9M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.95	−0.031%	$249K	$368K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.93	−0.045%	$781K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.95	−0.031%	$895	$387K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.17	+0.129%	$5K	$30K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.89	−0.074%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.310%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.73	−0.190%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTMshort	+0.0100%	8h	137.77	−0.161%	$318K	$645K	20x
BloFin NOW-USDT	+0.0165%	8h	137.97	−0.016%	—	$17K	20x	as long as short
Binance NOWUSDTlong	+0.0177%	8h	137.99	long leg	$1.8M	$1.4M	20x
Bybit NOWUSDT	+0.0190%	8h	137.94	−0.038%	$1.6M	$4.9M	25x	as long as short
tradeXYZ xyz:NOW	+0.0424%	1h	137.80	−0.139%	$2.1M	$229K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0577%	8h	137.94	−0.034%	$211	$152K	10x	as long as short