NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0113%/8h= +12.3% APRnext payment +$1.13 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin+0.138%7-day average +0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$435as in the Funding arb table

Net, price: spread back to 7d avg − costs−$428as in the Price arb table

costs, in and out, $10k−$4294.292% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.138%, 7d avg +0.127%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.127%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOWUSDTM	137.97	0.0100	pay 0.0100% / 8h	3h 14m	$317K	$635K	20x
Short	Bybit NOWUSDT	138.16	0.0213	get 0.0213% / 8h	3h 14m	$1.6M	$2.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.138%Rate

Funding earned: $23.66
Price spread: +0.138% → +0.127%: $1.09
Slippage, 4 orders: −$406.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$404.42
Costs to cover: 4.292%
Break-even: 126.6 days

Slippage from KuCoin: live order book, 59 min ago; Bybit: live order book, 2 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 KuCoin live order book, 59 min ago	14.16 bp	286.7 bp −$287	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.15 bp	27.6 bp −$28	149.3 bp −$1,493	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	+0.101%	$492K	$227K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	137.95	−0.014%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	138.07	+0.072%	$249K	$353K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	138.06	+0.065%	$765K	$254K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	138.05	+0.058%	$1K	$369K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	138.01	+0.029%	$5K	$34K	20x	as long as short
Lighter NOW	+0.0032%	1h	138.14	+0.123%	$5K	$184	5x	as long as short
Aster NOWUSDT	+0.0032%	8h	138.86	+0.646%	$41K	$995	20x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.326%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.96	−0.007%	—	—	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOWUSDTMlong	+0.0100%	8h	137.97	long leg	$317K	$635K	20x
Bybit NOWUSDTshort	+0.0213%	8h	138.16	+0.138%	$1.6M	$2.7M	25x
BloFin NOW-USDT	+0.0240%	8h	138.13	+0.116%	$46K	$17K	20x	as long as short
Binance NOWUSDT	+0.0240%	8h	138.19	+0.161%	$1.8M	$1.4M	20x	as long as short
tradeXYZ xyz:NOW	+0.0293%	1h	138.11	+0.101%	$2.1M	$224K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0454%	8h	138.10	+0.094%	$265	$147K	10x	as long as short