NOW

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.1% APRnext payment +$0.55 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX−0.051%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1671.671% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now −0.051%, 7d avg +0.041%

Together, before fees−0.154%−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.092% cheaper against OKX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.041%). If the spread goes back, that is −$9 on $10k: about 5.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.001% in total) that is about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOW-USDT-SWAP	137.75	0	get 0.0000% / 8h	3h 30m	$481K	$209K	20x
Short	Bybit NOWUSDT	137.68	0.0055	get 0.0055% / 8h	3h 30m	$1.5M	$5.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.051%Rate

Funding earned: $11.62
Price spread: −0.051% → +0.041%: −$9.21
Slippage, 4 orders: −$146.1
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$164.69
Costs to cover: 1.671%
Break-even: 106.2 days

Slippage from OKX: live order book, 15 min ago; Bybit: live order book, 3 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, 15 min ago	5.80 bp	24.9 bp −$25	1782.5 bp −$17.8K	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.08 bp	63.0 bp −$63	167.6 bp −$1,676	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	137.66	−0.063%	$41K	$995	20x	as long as short
Binance NOWUSDT	0.0000%	8h	137.73	−0.015%	$1.6M	$1.3M	20x	as long as short
OKX NOW-USDT-SWAPlong	0.0000%	8h	137.75	long leg	$481K	$209K	20x
QFEX NOW-USD	0.0000%	1h	137.57	−0.131%	$1.1M	$2.0M	10x	as long as short
Gate NOW_USDT	0.0000%	8h	137.66	−0.065%	$249K	$409K	20x	as long as short
Bitget NOWUSDT	0.0000%	8h	137.70	−0.036%	$758K	$272K	20x	as long as short
SunX NOW-USDT	0.0000%	8h	137.82	+0.051%	$919	$468K	10x	as long as short
HTX NOW-USDT	0.0000%	8h	137.87	+0.087%	$5K	$23K	20x	as long as short
GRVT NOW_USDT_Perp	+0.0020%	8h	137.77	+0.015%	$263	$169K	10x	as long as short
BloFin NOW-USDT	+0.0022%	8h	137.77	+0.015%	$45K	$17K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NOW	+0.0032%	1h	137.70	−0.036%	$5K	$262	5x	as long as short
Injective NOW/USDC PERP	+0.0033%	1h	139.80	+1.488%	$3K	$101	12x	as long as short
Vest NOW-USD-PERP	+0.0046%	1h	137.58	−0.123%	—	—	25x	as long as short
Bybit NOWUSDTshort	+0.0055%	8h	137.68	−0.051%	$1.5M	$5.8M	25x
KuCoin NOWUSDTM	+0.0100%	8h	137.56	−0.138%	$318K	$777K	20x	as long as short
tradeXYZ xyz:NOW	+0.0581%	1h	137.66	−0.065%	$2.1M	$197K	10x	as long as short