NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against KuCoin+0.050%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$795as in the Funding arb table

Net, price: spread back to 7d avg − costs−$792as in the Price arb table

costs, in and out, $10k−$7897.889% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.050%, 7d avg +0.080%

Together, before fees−0.133%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.030% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.080%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOWUSDTM	140.81	0.0100	pay 0.0100% / 8h	7h 36m	$316K	$665K	20x
Short	Gate NOW_USDT	140.88	0	get 0.0000% / 8h	7h 36m	$256K	$308K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.050%Rate

Funding earned: −$21
Price spread: +0.050% → +0.080%: −$2.99
Slippage, 4 orders: −$761.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$812.92
Costs to cover: 7.889%
Break-even: never at this rate

Slippage from KuCoin: live order book, 68 min ago; Gate: live order book, 59 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, 68 min ago	3.23 bp	338.6 bp −$339	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 59 min ago	25.47 bp	35.5 bp −$35	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	140.71	−0.071%	$513K	$237K	20x	as long as short
QFEX NOW-USD	0.0000%	1h	140.75	−0.043%	$1.1M	$1.5M	10x	as long as short
Gate NOW_USDTshort	0.0000%	8h	140.88	+0.050%	$256K	$308K	20x
Bitget NOWUSDT	0.0000%	8h	140.90	+0.064%	$790K	$259K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	141.07	+0.185%	$1K	$305K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	141.14	+0.234%	$5K	$37K	20x	as long as short
Lighter NOW	+0.0032%	1h	140.86	+0.036%	$5K	$171	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	−0.717%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	140.82	+0.007%	—	—	25x	as long as short
Aster NOWUSDT	+0.0094%	8h	141.22	+0.289%	$42K	$859	20x	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	140.81	long leg	$316K	$665K	20x
BloFin NOW-USDT	+0.0176%	8h	141.00	+0.135%	$46K	$18K	20x	as long as short
Binance NOWUSDT	+0.0180%	8h	141.01	+0.145%	$1.9M	$1.5M	20x	as long as short
tradeXYZ xyz:NOW	+0.0331%	1h	140.75	−0.043%	$2.1M	$236K	10x	as long as short
Bybit NOWUSDT	+0.0395%	8h	140.96	+0.107%	$1.6M	$294K	25x	as long as short
GRVT NOW_USDT_Perp	+0.0546%	8h	140.92	+0.078%	$154	$136K	10x	as long as short