NOW

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.050%

7d average—if it closes, per $10,000$5funding while held, a day−$0.96

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NOW	137.80	0.0032	pay 0.0004% / 1h	51m 10s	$5K	$242	5x
Short	Binance NOWUSDT	137.87	0	get 0.0000% / 8h	5h 51m	$1.6M	$1.3M	20x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee LighterbpFee BinancebpOrdersClose when spread is

Spread captured: $4.96
Funding while held: −$0.96
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6
Spread needed to break even: 0.100%

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 14 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0032%
Per $10,000 a day: −$0.96
Average in range /8h: —

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 Lighter no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	2.55 bp	11.8 bp −$12	39.9 bp −$399	doesn't fit	doesn't fit

Lighter: 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 price on every exchange

against the cheapest. Click to use as the short leg.

KuCoin137.56cheapest Bitget137.75+0.138%BloFin137.78+0.160%QFEX137.79+0.167%

Lighter137.80+0.174%

tradeXYZ137.81+0.182%Vest137.81+0.182%OKX137.83+0.196%Gate137.84+0.204%

Binance137.87+0.224%

Aster137.88+0.232%Bybit137.89+0.240%SunX137.89+0.240%HTX137.95+0.284%Injective139.80+1.628%

NOW on 15 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin NOWUSDTM	−0.174%	+0.0100%	8h	$311K	$784K	20x	as long as short
Bitget NOWUSDT	−0.036%	0.0000%	8h	$753K	$297K	20x	as long as short
BloFin NOW-USDT	−0.015%	+0.0011%	8h	$46K	$17K	20x	as long as short
QFEX NOW-USD	−0.007%	0.0000%	1h	$1.1M	$1.9M	10x	as long as short
Lighter NOWlong	0.000%	+0.0032%	1h	$5K	$242	5x
tradeXYZ xyz:NOW	+0.007%	+0.0050%	1h	$2.1M	$134K	10x	as long as short
Vest NOW-USD-PERP	+0.007%	+0.0046%	1h	—	—	25x	as long as short
OKX NOW-USDT-SWAP	+0.022%	0.0000%	8h	$482K	$210K	20x	as long as short
Gate NOW_USDT	+0.029%	0.0000%	8h	$249K	$411K	20x	as long as short
Binance NOWUSDTshort	+0.050%	0.0000%	8h	$1.6M	$1.3M	20x

Show all 15 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aster NOWUSDT	+0.058%	0.0000%	8h	$41K	$995	20x	as long as short
Bybit NOWUSDT	+0.065%	+0.0052%	8h	$1.5M	$5.8M	25x	as long as short
SunX NOW-USDT	+0.065%	0.0000%	8h	$736	$497K	10x	as long as short
HTX NOW-USDT	+0.109%	0.0000%	8h	$5K	$22K	20x	as long as short
Injective NOW/USDC PERP	+1.451%	+0.0033%	1h	$3K	$101	12x	as long as short