NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0241%/8h= −26.3% APRnext payment −$2.41 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance−0.062%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

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

costs, in and out, $10k−$1581.577% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.062%, 7d avg −0.005%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SunX is 0.057% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.41 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	Binance NOWUSDT	138.14	0.0241	pay 0.0241% / 8h	3h 15m	$1.8M	$1.4M	20x
Short	SunX NOW-USDT	138.05	0	get 0.0000% / 8h	3h 15m	$1K	$369K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$50.53
Price spread: −0.062% → −0.005%: −$5.73
Slippage, 4 orders: −$139.67
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$213.93
Costs to cover: 1.577%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; SunX: live order book, 66 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, 3 min ago	1.09 bp	13.0 bp −$13	45.7 bp −$457	doesn't fit	doesn't fit
Sell SunX live order book, 66 min ago	46.02 bp	64.8 bp −$65	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
OKX NOW-USDT-SWAP	0.0000%	8h	138.11	−0.019%	$492K	$227K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.95	−0.135%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.06	−0.055%	$248K	$353K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.01	−0.091%	$768K	$254K	20x	as long as short
SunX NOW-USDTshort	0.0000%	8h	138.05	−0.062%	$1K	$369K	10x
HTX NOW-USDT	0.0000%	8h	138.01	−0.091%	$5K	$34K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.03	−0.077%	$5K	$184	5x	as long as short
Aster NOWUSDT	+0.0032%	8h	138.74	+0.436%	$41K	$995	20x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.204%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.96	−0.128%	—	—	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	137.87	−0.193%	$317K	$636K	20x	as long as short
Bybit NOWUSDT	+0.0211%	8h	138.16	+0.017%	$1.6M	$2.8M	25x	as long as short
BloFin NOW-USDT	+0.0240%	8h	138.13	−0.005%	$46K	$17K	20x	as long as short
Binance NOWUSDTlong	+0.0241%	8h	138.14	long leg	$1.8M	$1.4M	20x
tradeXYZ xyz:NOW	+0.0293%	1h	137.96	−0.128%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0454%	8h	138.10	−0.026%	$265	$147K	10x	as long as short