NVO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0230%/8h= −25.2% APRnext payment −$2.30 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.050%7-day average −0.098% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.205%−$21 · spread now −0.050%, 7d avg −0.098%

Together, before fees−0.300%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.048% dearer against Binance than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.098%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.094% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.30 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	39.960	0.0330	pay 0.0330% / 8h	2h 06m	$2.1M	$4.0M	20x
Short	KuCoin NVOUSDTM	39.940	0.0100	get 0.0100% / 8h	2h 06m	$112K	$260K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$48.35
Price spread: −0.050% → −0.098%: $4.76
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$65.59
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 min ago; KuCoin: live order book, 50 min ago. Net counts fees only.

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	3.76 bp	16.7 bp −$17	77.0 bp −$770	doesn't fit	doesn't fit
Sell KuCoin live order book, 50 min ago	13.78 bp	doesn't fit	doesn't fit	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
Aster NVOUSDT	0.0000%	8h	39.869	−0.227%	$3K	$7K	20x	as long as short
Bybit NVOUSDT	0.0000%	8h	39.910	−0.125%	$697K	$403K	25x	as long as short
QFEX NVO-USD	0.0000%	1h	39.860	−0.250%	$1.1M	$1.6M	10x	as long as short
Gate NVO_USDT	0.0000%	8h	39.970	+0.025%	$839K	$987K	20x	as long as short
SunX NVO-USDT	0.0000%	8h	39.970	+0.025%	$803	$1.0M	10x	as long as short
HTX NVO-USDT	0.0000%	8h	39.990	+0.075%	$10K	$16K	10x	as long as short
Injective NVO/USDC PERP	+0.0033%	1h	42.250	+5.731%	$2K	$4	12x	as long as short
KuCoin NVOUSDTMshort	+0.0100%	8h	39.940	−0.050%	$112K	$260K	10x
Variational Omni NVO	+0.0294%	8h	39.963	+0.008%	$66K	$36K	—	as long as short
Binance NVOUSDTlong	+0.0330%	8h	39.960	long leg	$2.1M	$4.0M	20x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVO_USDT_Perp	+0.0589%	8h	39.953	−0.019%	$1K	$227K	10x	as long as short