Funding you earn now, next payment 08:00 UTC−0.0151%/8h= −16.5% APRnext payment −$1.51 per $10,000 · paid last 24h −0.015%
Price spread now: SunX against Binance+0.025%46s7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1561.556% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.025%, 7d avg −0.004%
=The price spread pays, funding is against you. SunX is 0.029% dearer against Binance than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.004%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.042% in total) that is about 4.9 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NVOUSDT | 40.010 | 0.0151 | pay 0.0151% / 8h | 4h 17m | $2.1M | $3.9M | 20x |
| Short | SunX NVO-USDT | 40.020 | 0 | get 0.0000% / 8h | 4h 17m | $1K | $1.0M | 10x |
Binance NVOUSDT
SunX NVO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$31.63
- Price spread: +0.025% → −0.004%
- $2.9
- Slippage, 4 orders
- −$137.64
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$184.37
- Costs to cover
- 1.556%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; SunX: live order book, 5 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, 4 min ago | 1.25 bp | 9.9 bp −$10 | 57.6 bp −$576 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 23.80 bp | 44.4 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 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 | −0.058% | $2K | $6K | 20x | as long as short |
| Bybit NVOUSDT | 0.0000% | 8h | 40.000 | −0.025% | $695K | $397K | 25x | as long as short |
| Gate NVO_USDT | 0.0000% | 8h | 39.980 | −0.075% | $654K | $873K | 20x | as long as short |
| SunX NVO-USDTshort | 0.0000% | 8h | 40.020 | +0.025% | $1K | $1.0M | 10x | |
| HTX NVO-USDT | 0.0000% | 8h | 40.010 | 0.000% | $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 |
| KuCoin NVOUSDTM | +0.0100% | 8h | 39.950 | −0.150% | $114K | $243K | 10x | as long as short |
| Variational Omni NVO | +0.0118% | 8h | 40.018 | +0.019% | $66K | $36K | — | as long as short |
| Binance NVOUSDTlong | +0.0151% | 8h | 40.010 | long leg | $2.1M | $3.9M | 20x |
QFEX NVO-USD
Aster NVOUSDT
Bybit NVOUSDT
Gate NVO_USDT
HTX NVO-USDT
Injective NVO/USDC PERP
KuCoin NVOUSDTM
Variational Omni NVOShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT NVO_USDT_Perp | +0.0581% | 8h | 40.003 | −0.016% | $913 | $218K | 10x | as long as short |
GRVT NVO_USDT_Perp