NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0402%/8h= +44.0% APRnext payment +$4.02 per $10,000 · paid last 24h +0.018%

Price spread now: Bybit against Gate+0.050%7-day average +0.047% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.050%, 7d avg +0.047%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.02 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	Gate NOW_USDT	140.96	0	get 0.0000% / 8h	7h 26m	$256K	$310K	20x
Short	Bybit NOWUSDT	141.03	0.0402	get 0.0402% / 8h	7h 26m	$1.6M	$298K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.050%Rate

Funding earned: $84.36
Price spread: +0.050% → +0.047%: $0.25
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $58.61
Costs to cover: 0.260%
Break-even: 2.1 days

Slippage unknown: Gate: live order book, 4 min ago; Bybit: live order book, 5 min ago. Net counts fees only.

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 Gate live order book, 4 min ago	23.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.55 bp	50.4 bp −$50	170.3 bp −$1,703	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	140.91	−0.035%	$518K	$240K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	140.89	−0.050%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDTlong	0.0000%	8h	140.96	long leg	$256K	$310K	20x
Bitget NOWUSDT	0.0000%	8h	140.92	−0.028%	$791K	$263K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	141.25	+0.206%	$1K	$300K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	141.09	+0.092%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.93	−0.021%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.823%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	140.92	−0.028%	—	—	25x	as long as short
KuCoin NOWUSDTM	+0.0100%	8h	140.99	+0.021%	$317K	$673K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NOWUSDT	+0.0113%	8h	141.47	+0.360%	$42K	$859	20x	as long as short
Binance NOWUSDT	+0.0202%	8h	141.04	+0.057%	$1.9M	$1.5M	20x	as long as short
BloFin NOW-USDT	+0.0216%	8h	141.03	+0.050%	$46K	$19K	20x	as long as short
tradeXYZ xyz:NOW	+0.0371%	1h	140.91	−0.035%	$2.1M	$233K	10x	as long as short
Bybit NOWUSDTshort	+0.0402%	8h	141.03	+0.050%	$1.6M	$298K	25x
GRVT NOW_USDT_Perp	+0.0848%	8h	141.04	+0.056%	$142	$136K	10x	as long as short