NOW funding rates and arbitrage
Updated 2026-10-29 14:51 UTC
Best NOW arbitrage after every cost
No NOW pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
NOW funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Hyperliquid | xyz:NOW | 0.0127% | 1 h | +111.0% | +11.7% | $4.1M | 2026-10-29 15:00 |
| Bybit | NOWUSDT | 0.0849% | 8 h | +93.0% | +10.7% | $2.8M | 2026-10-29 16:00 |
| BingX | NCSKNOW2USD-USDT | 0.0820% | 8 h | +89.8% | +19.9% | $964.5K | 2026-10-29 16:00 |
| Crypto.com | NOWUSD-PERP | 0.0098% | 1 h | +86.2% | +43.1% | $17.8K | 2026-10-29 15:00 |
| Lighter | NOW | 0.0093% | 1 h | +81.5% | +7.9% | $92.3K | 2026-10-29 15:00 |
| GRVT | NOW_USDT_Perp | 0.0424% | 8 h | +46.4% | +13.8% | $1.9K | 2026-10-29 16:00 |
| Extended | NOW-USD | 0.0036% | 1 h | +31.5% | +10.6% | $1.1K | 2026-10-29 15:00 |
| LBank | NOWUSDT | 0.0287% | 8 h | +31.4% | — | — | 2026-10-29 16:00 |
| Binance | NOWUSDT | 0.0287% | 8 h | +31.4% | +10.7% | $4.5M | 2026-10-29 16:00 |
| MEXC | NOWSTOCK_USDT | 0.0286% | 8 h | +31.3% | +10.7% | $1.6M | 2026-10-29 16:00 |
| Bitunix | NOWUSDT | 0.0265% | 8 h | +29.0% | +12.1% | — | 2026-10-29 16:00 |
| OKX | NOW-USDT-SWAP | 0.0244% | 8 h | +26.7% | +3.0% | $801K | 2026-10-29 16:00 |
| Variational | NOW-PERP | 0.0225% | 8 h | +24.6% | — | $151K | 2026-10-29 16:00 |
| KuCoin | NOWUSDTM | 0.0000% | 8 h | 0.0% | 0.0% | $234.4K | 2026-10-29 16:00 |
| Bitget | NOWUSDT | 0.0000% | 8 h | 0.0% | +0.6% | $1.3M | 2026-10-29 16:00 |
| HTX | NOW-USDT | 0.0000% | 8 h | 0.0% | +2.6% | $6.9K | 2026-10-29 16:00 |
| Aster | NOWUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $146.7K | 2026-10-29 16:00 |
| Gate | NOW_USDT | 0.0000% | 8 h | 0.0% | 0.0% | $409.2K | 2026-10-29 16:00 |
| QFEX | NOW-USD | -0.0001% | 1 h | −0.7% | — | $1.4M | 2026-10-29 15:00 |
| WhiteBIT | NOW_PERP | -0.0462% | 8 h | −50.6% | −20.9% | $987K | 2026-10-29 16:00 |
Cost to enter $10,000 of NOW
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | NOWSTOCK_USDT | 8.1 bp | live order book |
| Binance | NOWUSDT | 11.3 bp * | live order book |
| Bitget | NOWUSDT | 24.3 bp | live order book |
| Lighter | NOW | 3.1 bp | top of book only |
| Hyperliquid | xyz:NOW | 3.9 bp | top of book only |
| Variational | NOW-PERP | 5.1 bp | top of book only |
| BingX | NCSKNOW2USD-USDT | 5.9 bp | top of book only |
| Extended | NOW-USD | 5.9 bp | top of book only |
| Aster | NOWUSDT | 7.0 bp | top of book only |
| Bybit | NOWUSDT | 7.2 bp | top of book only |
| GRVT | NOW_USDT_Perp | 8.1 bp | top of book only |
| OKX | NOW-USDT-SWAP | 9.9 bp * | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is NOW funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no NOW pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest NOW funding rate?
Hyperliquid at +111.0% a year (0.0127% every 1 h); the lowest is WhiteBIT at −50.6%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.