NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: OKX against KuCoin+0.196%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,082as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,065as in the Price arb table

costs, in and out, $10k−$1,07510.755% of the position

Long on KuCoin Short on OKX

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)−0.057%−$6 · spread now +0.196%, 7d avg +0.090%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.106% dearer against KuCoin than usual: you sell high and buy low (spread +0.196% now, against its 7-day average of +0.090%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.061% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOWUSDTM	137.64	0.0100	pay 0.0100% / 8h	5h 24m	$316K	$644K	20x
Short	OKX NOW-USDT-SWAP	137.91	0	get 0.0000% / 8h	5h 24m	$488K	$228K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.196%Rate

Funding earned: −$21
Price spread: +0.196% → +0.090%: $10.64
Slippage, 4 orders: −$1,053.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,085.82
Costs to cover: 10.755%
Break-even: never at this rate

Slippage from KuCoin: live order book, 74 min ago; OKX: live order book, 36 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, 74 min ago	6.16 bp	327.1 bp −$327	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 36 min ago	9.43 bp	17.6 bp −$18	1144.3 bp −$11.4K	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
Aster NOWUSDT	0.0000%	8h	138.68	+0.759%	$41K	$995	20x	as long as short
OKX NOW-USDT-SWAPshort	0.0000%	8h	137.91	+0.196%	$488K	$228K	20x
QFEX NOW-USD	0.0000%	1h	137.63	−0.007%	$1.1M	$1.9M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.88	+0.174%	$248K	$370K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.84	+0.145%	$780K	$234K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.94	+0.218%	$833	$386K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.87	+0.167%	$5K	$31K	20x	as long as short
Lighter NOW	+0.0032%	1h	137.77	+0.094%	$5K	$178	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.569%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.64	0.000%	—	—	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	137.64	long leg	$316K	$644K	20x
Bybit NOWUSDT	+0.0202%	8h	137.84	+0.145%	$1.6M	$4.9M	25x	as long as short
Binance NOWUSDT	+0.0212%	8h	137.84	+0.145%	$1.8M	$1.4M	20x	as long as short
BloFin NOW-USDT	+0.0234%	8h	137.87	+0.167%	$230	$17K	20x	as long as short
tradeXYZ xyz:NOW	+0.0402%	1h	137.67	+0.022%	$2.1M	$229K	10x	as long as short
GRVT NOW_USDT_Perp	+0.0583%	8h	137.92	+0.203%	$177	$151K	10x	as long as short