Funding you earn now, next payment 16:00 UTC−0.0508%/8h= −55.7% APRnext payment −$5.08 per $10,000 · paid last 24h −0.021%
Price spread now: Gate against Binance+0.185%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$890.886% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.185%, 7d avg +0.080%
=The price spread pays, funding is against you. Gate is 0.105% dearer against Binance than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of +0.080%): +$10 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.012% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.08 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 | Binance NOKUSDT | 10.700 | 0.0508 | pay 0.0508% / 8h | 7h 55m | $7.2M | $10.1M | 20x |
| Short | Gate NOK_USDT | 10.720 | 0 | get 0.0000% / 8h | 7h 55m | $933K | $994K | 50x |
Binance NOKUSDT
Gate NOK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$106.74
- Price spread: +0.185% → +0.080%
- $10.46
- Slippage, 4 orders
- −$63.58
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$184.85
- Costs to cover
- 0.886%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Gate: live order book, 7 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 Binance live order book, 15 min ago | 4.64 bp | 17.4 bp −$17 | 56.9 bp −$569 | 241.8 bp −$24.2K | doesn't fit |
| Sell Gate live order book, 7 min ago | 4.18 bp | 23.7 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
NOK 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NOKSTOCKUSDT | −0.0588% | 8h | 10.772 | +0.671% | $1.5M | $566K | 20x | as long as short |
| Vest NOK-PERP | −0.0002% | 1h | 10.690 | −0.095% | — | — | 10x | as long as short |
| Aster NOKUSDT | 0.0000% | 8h | 10.710 | +0.091% | $65K | $7K | 20x | as long as short |
| Gate NOK_USDTshort | 0.0000% | 8h | 10.720 | +0.185% | $933K | $994K | 50x | |
| GRVT NOK_USDT_Perp | 0.0000% | 8h | 10.750 | +0.465% | $3K | $116K | 10x | as long as short |
| SunX NOK-USDT | 0.0000% | 8h | 10.720 | +0.185% | $1K | $1.2M | 10x | as long as short |
| HTX NOK-USDT | 0.0000% | 8h | 10.730 | +0.278% | $9K | $6K | 10x | as long as short |
| Phemex NOKUSDT | 0.0000% | 8h | 10.700 | −0.002% | $1.6M | $626K | 10x | as long as short |
| Lighter NOK | +0.0032% | 1h | 10.679 | −0.198% | — | — | 10x | as long as short |
| OKX NOK-USDT-SWAP | +0.0048% | 8h | 10.709 | +0.082% | $1.2M | $1.2M | 20x | as long as short |
Bitget NOKSTOCKUSDT
Vest NOK-PERP
Aster NOKUSDT
GRVT NOK_USDT_Perp
SunX NOK-USDT
HTX NOK-USDT
Phemex NOKUSDT
Lighter NOK
OKX NOK-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOKUSDTM | +0.0100% | 8h | 10.710 | +0.092% | $292K | $442K | 20x | as long as short |
| tradeXYZ xyz:NOK | +0.0207% | 1h | 10.687 | −0.123% | $4.4M | $1.4M | 10x | as long as short |
| Variational Omni NOK | +0.0277% | 8h | 10.723 | +0.215% | $129K | $118K | — | as long as short |
| Binance NOKUSDTlong | +0.0508% | 8h | 10.700 | long leg | $7.2M | $10.1M | 20x | |
| MEXC NOKSTOCK_USDT | +0.0509% | 8h | 10.710 | +0.092% | $1.5M | $117K | 50x | as long as short |
| Extended NOK-USD | +0.0512% | 1h | 10.708 | +0.072% | $36K | $281K | 10x | as long as short |
KuCoin NOKUSDTM
tradeXYZ xyz:NOK
Variational Omni NOK
MEXC NOKSTOCK_USDT
Extended NOK-USD