Funding you earn now, next payment 08:00 UTC+0.0418%/8h= +45.8% APRnext payment +$4.18 per $10,000 · paid last 24h +0.001%
Price spread now: GRVT against Binance−0.033%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1361.364% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.033%, 7d avg +0.027%
=Together, before fees+0.156%+ Points / potential airdropGRVT: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.059% cheaper against Binance than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.027%). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.028% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.028% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.18 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 NVOUSDT | 40.010 | 0.0110 | pay 0.0110% / 8h | 4h 22m | $2.1M | $3.9M | 20x |
| Short | GRVT NVO_USDT_Perp | 39.997 | 0.0528 | get 0.0528% / 8h | 4h 22m | $918 | $219K | 10x |
Binance NVOUSDT
GRVT NVO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $87.87
- Price spread: −0.033% → +0.027%
- −$5.95
- Slippage, 4 orders
- −$117.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$54.45
- Costs to cover
- 1.364%
- Break-even
- 11.3 days
Slippage from Binance: live order book, 14 min ago; GRVT: live order book, 34 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, 14 min ago | 1.25 bp | 19.2 bp −$19 | 67.7 bp −$677 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 34 min ago | 3.75 bp | 44.5 bp −$45 | 92.4 bp −$924 | doesn't fit | doesn't fit |
NVO on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX NVO-USD | −0.0001% | 1h | 39.910 | −0.250% | $1.1M | $1.6M | 10x | as long as short |
| Aster NVOUSDT | 0.0000% | 8h | 39.987 | −0.057% | $2K | $6K | 20x | as long as short |
| Bybit NVOUSDT | 0.0000% | 8h | 39.950 | −0.150% | $695K | $397K | 25x | as long as short |
| Gate NVO_USDT | 0.0000% | 8h | 39.990 | −0.050% | $649K | $862K | 20x | as long as short |
| SunX NVO-USDT | 0.0000% | 8h | 40.010 | 0.000% | $1K | $1.0M | 10x | as long as short |
| HTX NVO-USDT | 0.0000% | 8h | 40.050 | +0.100% | $10K | $16K | 10x | as long as short |
| Injective NVO/USDC PERP | +0.0033% | 1h | 42.250 | +5.599% | $2K | $4 | 12x | as long as short |
| Variational Omni NVO | +0.0094% | 8h | 40.003 | −0.018% | $66K | $36K | — | as long as short |
| KuCoin NVOUSDTM | +0.0100% | 8h | 39.970 | −0.100% | $113K | $243K | 10x | as long as short |
| Binance NVOUSDTlong | +0.0110% | 8h | 40.010 | long leg | $2.1M | $3.9M | 20x |
QFEX NVO-USD
Aster NVOUSDT
Bybit NVOUSDT
Gate NVO_USDT
SunX NVO-USDT
HTX NVO-USDT
Injective NVO/USDC PERP
Variational Omni NVO
KuCoin NVOUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT NVO_USDT_Perpshort | +0.0528% | 8h | 39.997 | −0.033% | $918 | $219K | 10x |