Funding you earn now, next payment 08:00 UTC+0.0213%/8h= +23.3% APRnext payment +$2.13 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX−0.062%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$580.582% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.062%, 7d avg +0.044%
=Funding pays, the price is against you. Binance is 0.106% cheaper against OKX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.044%). If the spread goes back, that is −$11 on $10k: about 40 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.025% in total) that is about 30 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX NOW-USDT-SWAP | 138.58 | 0 | get 0.0000% / 8h | 2h 47m | $494K | $230K | 20x |
| Short | Binance NOWUSDT | 138.49 | 0.0213 | get 0.0213% / 8h | 2h 47m | $1.8M | $1.4M | 20x |
OKX NOW-USDT-SWAP
Binance NOWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $44.69
- Price spread: −0.062% → +0.044%
- −$10.63
- Slippage, 4 orders
- −$38.22
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$24.16
- Costs to cover
- 0.582%
- Break-even
- 10.8 days
Slippage from OKX: live order book, 63 min ago; Binance: live order book, 16 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 OKX live order book, 63 min ago | 6.88 bp | 15.4 bp −$15 | 1132.2 bp −$11.3K | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.53 bp | 10.3 bp −$10 | 33.6 bp −$336 | 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-SWAPlong | 0.0000% | 8h | 138.58 | long leg | $494K | $230K | 20x | |
| QFEX NOW-USD | 0.0000% | 1h | 138.22 | −0.260% | $1.1M | $1.4M | 10x | as long as short |
| Gate NOW_USDT | 0.0000% | 8h | 138.43 | −0.108% | $252K | $346K | 20x | as long as short |
| Bitget NOWUSDT | 0.0000% | 8h | 138.38 | −0.144% | $767K | $254K | 20x | as long as short |
| SunX NOW-USDT | 0.0000% | 8h | 138.50 | −0.058% | $749 | $367K | 10x | as long as short |
| HTX NOW-USDT | 0.0000% | 8h | 138.57 | −0.007% | $5K | $34K | 20x | as long as short |
| Aster NOWUSDT | +0.0026% | 8h | 138.70 | +0.086% | $41K | $995 | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 138.33 | −0.180% | $5K | $171 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +0.880% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 138.25 | −0.238% | — | — | 25x | as long as short |
QFEX NOW-USD
Gate NOW_USDT
Bitget NOWUSDT
SunX NOW-USDT
HTX NOW-USDT
Aster NOWUSDT
Lighter NOW
Injective NOW/USDC PERP
Vest NOW-USD-PERPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOWUSDTM | +0.0100% | 8h | 138.22 | −0.260% | $317K | $632K | 20x | as long as short |
| BloFin NOW-USDT | +0.0195% | 8h | 138.52 | −0.043% | $46K | $17K | 20x | as long as short |
| Binance NOWUSDTshort | +0.0213% | 8h | 138.49 | −0.062% | $1.8M | $1.4M | 20x | |
| Bybit NOWUSDT | +0.0229% | 8h | 138.46 | −0.087% | $1.6M | $2.3M | 25x | as long as short |
| tradeXYZ xyz:NOW | +0.0290% | 1h | 138.33 | −0.180% | $2.1M | $224K | 10x | as long as short |
| GRVT NOW_USDT_Perp | +0.0352% | 8h | 138.44 | −0.101% | $226 | $146K | 10x | as long as short |
KuCoin NOWUSDTM
BloFin NOW-USDT
Bybit NOWUSDT
tradeXYZ xyz:NOW
GRVT NOW_USDT_Perp