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Funding arb · Price arb /

NOW

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.018%
Price spread now: KuCoin against Injective−1.230%100s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. KuCoin is 1.230% cheaper against Injective than usual: you would sell low and buy high (spread −1.230% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$123 on $10k: about 2 months of funding at the current rate (+$2 a day). The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NOW/USDC PERP139.800.0033pay 0.0004% / 1h21m 33s$3K$10112x
ShortKuCoin NOWUSDTM138.080.0100get 0.0100% / 8h7h 21m$317K$662K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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

Funding earned
$14
Price spread: −1.230% → 0.000%
−$123.03
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$121.05
Costs to cover
0.120%
Break-even
67.5 days
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 32 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell KuCoin live order book, 32 min ago11.63 bp82.4 bp −$82doesn't fitdoesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOW on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NOWUSDT0.0000%8h138.34−1.042%$41K$99520xas long as short
OKX NOW-USDT-SWAP0.0000%8h138.44−0.973%$500K$210K20xas long as short
QFEX NOW-USD0.0000%1h138.10−1.216%$1.1M$2.1M10xas long as short
Gate NOW_USDT0.0000%8h138.34−1.044%$246K$378K20xas long as short
Bitget NOWUSDT0.0000%8h138.30−1.073%$770K$243K20xas long as short
SunX NOW-USDT0.0000%8h138.38−1.016%$902$422K10xas long as short
HTX NOW-USDT0.0000%8h138.55−0.894%$5K$29K20xas long as short
Lighter NOW+0.0032%1h138.21−1.137%$5K$1735xas long as short
Injective NOW/USDC PERPlong+0.0033%1h139.80long leg$3K$10112x
Binance NOWUSDT+0.0040%8h138.34−1.044%$1.8M$1.5M20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest NOW-USD-PERP+0.0046%1h138.14−1.187%——25xas long as short
Bybit NOWUSDT+0.0048%8h138.27−1.094%$1.5M$5.7M25xas long as short
BloFin NOW-USDT+0.0058%8h138.47−0.951%$45K$17K20xas long as short
KuCoin NOWUSDTMshort+0.0100%8h138.08−1.230%$317K$662K20x
tradeXYZ xyz:NOW+0.0235%1h138.19−1.152%$2.1M$231K10xas long as short
GRVT NOW_USDT_Perp+0.0854%8h138.48−0.944%$256$163K10xas long as short