Funding you earn now, next payment 08:00 UTC−0.0221%/8h= −24.2% APRnext payment −$2.21 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bybit+0.058%46s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$247as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2472.470% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.058%, 7d avg +0.008%
=The price spread pays, funding is against you. SunX is 0.049% dearer against Bybit than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.008%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.001% in total) that is about 18 months. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.21 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 | Bybit NOWUSDT | 138.90 | 0.0221 | pay 0.0221% / 8h | 1h 51m | $1.6M | $1.4M | 25x |
| Short | SunX NOW-USDT | 138.98 | 0 | get 0.0000% / 8h | 1h 51m | $901 | $349K | 10x |
Bybit NOWUSDT
SunX NOW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Bybit. 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
- −$46.37
- Price spread: +0.058% → +0.008%
- $4.94
- Slippage, 4 orders
- −$228
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$288.44
- Costs to cover
- 2.470%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; SunX: live order book, 9 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, 5 min ago | 5.04 bp | 33.6 bp −$34 | 161.5 bp −$1,615 | doesn't fit | doesn't fit |
| Sell SunX live order book, 9 min ago | 46.06 bp | 65.1 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 | 138.91 | +0.007% | $496K | $231K | 20x | as long as short |
| QFEX NOW-USD | 0.0000% | 1h | 138.89 | −0.007% | $1.1M | $1.4M | 10x | as long as short |
| Gate NOW_USDT | 0.0000% | 8h | 138.92 | +0.014% | $253K | $345K | 20x | as long as short |
| Bitget NOWUSDT | 0.0000% | 8h | 138.89 | −0.007% | $770K | $254K | 20x | as long as short |
| SunX NOW-USDTshort | 0.0000% | 8h | 138.98 | +0.058% | $901 | $349K | 10x | |
| HTX NOW-USDT | 0.0000% | 8h | 139.13 | +0.166% | $5K | $36K | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 138.84 | −0.043% | $5K | $171 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +0.648% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 138.93 | +0.022% | — | — | 25x | as long as short |
| Aster NOWUSDT | +0.0063% | 8h | 139.26 | +0.258% | $41K | $995 | 20x | as long as short |
OKX NOW-USDT-SWAP
QFEX NOW-USD
Gate NOW_USDT
Bitget NOWUSDT
HTX NOW-USDT
Lighter NOW
Injective NOW/USDC PERP
Vest NOW-USD-PERP
Aster NOWUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOWUSDTM | +0.0100% | 8h | 138.76 | −0.101% | $319K | $630K | 20x | as long as short |
| tradeXYZ xyz:NOW | +0.0174% | 1h | 138.89 | −0.007% | $2.1M | $228K | 10x | as long as short |
| Binance NOWUSDT | +0.0207% | 8h | 139.00 | +0.072% | $1.8M | $1.4M | 20x | as long as short |
| Bybit NOWUSDTlong | +0.0221% | 8h | 138.90 | long leg | $1.6M | $1.4M | 25x | |
| BloFin NOW-USDT | +0.0221% | 8h | 139.00 | +0.072% | $46K | $18K | 20x | as long as short |
| GRVT NOW_USDT_Perp | +0.0306% | 8h | 138.94 | +0.029% | $374 | $143K | 10x | as long as short |
KuCoin NOWUSDTM
tradeXYZ xyz:NOW
Binance NOWUSDT
BloFin NOW-USDT
GRVT NOW_USDT_Perp