NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.68 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.065%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1781.775% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.065%, 7d avg −0.036%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.102% dearer against Bybit than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.036%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.0 days. At the pace of the last 7 days (−0.001% in total) that is about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOWUSDT	137.64	0.0068	pay 0.0068% / 8h	3h 37m	$1.5M	$5.8M	25x
Short	Bitget NOWUSDT	137.73	0	get 0.0000% / 8h	3h 37m	$758K	$272K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$14.35
Price spread: +0.065% → −0.036%: $10.18
Slippage, 4 orders: −$154.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$181.67
Costs to cover: 1.775%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 8 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 Bybit live order book, 1 min ago	4.72 bp	51.1 bp −$51	166.2 bp −$1,662	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	8.34 bp	55.0 bp −$55	90.0 bp −$900	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	137.57	−0.050%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.72	+0.058%	$1.6M	$1.3M	20x	as long as short
OKX NOW-USDT-SWAP	0.0000%	8h	137.66	+0.015%	$481K	$209K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.64	0.000%	$1.1M	$2.0M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.60	−0.029%	$248K	$408K	20x	as long as short
Bitget NOWUSDTshort	0.0000%	8h	137.73	+0.065%	$758K	$272K	20x
GRVT NOW_USDT_Perp	0.0000%	8h	137.78	+0.098%	$270	$170K	10x	as long as short
SunX NOW-USDT	0.0000%	8h	137.82	+0.131%	$919	$468K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.71	+0.051%	$5K	$23K	20x	as long as short
BloFin NOW-USDT	+0.0015%	8h	137.77	+0.094%	$46K	$17K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NOW	+0.0032%	1h	137.70	+0.044%	$5K	$262	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.569%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.59	−0.036%	—	—	25x	as long as short
Bybit NOWUSDTlong	+0.0068%	8h	137.64	long leg	$1.5M	$5.8M	25x
KuCoin NOWUSDTM	+0.0100%	8h	137.60	−0.029%	$318K	$778K	20x	as long as short
tradeXYZ xyz:NOW	+0.0664%	1h	137.40	−0.174%	$2.1M	$197K	10x	as long as short