Funding you earn now, next payment 16:00 UTC−0.0204%/8h= −22.3% APRnext payment −$2.04 per $10,000 · paid last 24h −0.051%
Price spread now: Gate against Binance+0.112%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$920.922% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now +0.112%, 7d avg +0.080%
=The price spread pays, funding is against you. Gate is 0.031% dearer against Binance than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of +0.080%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.044% in total) that is about 5.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.04 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 | 10.740 | 0.0626 | pay 0.0626% / 8h | 7h 21m | $7.3M | $10.5M | 20x |
| Short | Gate NOK_USDT | 10.752 | 0.0422 | get 0.0422% / 8h | 7h 21m | $934K | $1.0M | 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
- −$42.83
- Price spread: +0.112% → +0.080%
- $3.14
- Slippage, 4 orders
- −$67.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$131.9
- Costs to cover
- 0.922%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Gate: live order book, just now.
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, 3 min ago | 4.67 bp | 18.3 bp −$18 | 59.0 bp −$590 | doesn't fit | doesn't fit |
| Sell Gate live order book, just now | 6.05 bp | 26.6 bp −$27 | 281.7 bp −$2,817 | 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 | −0.0360% | 8h | 10.778 | +0.354% | $1.5M | $574K | 20x | as long as short |
| Vest NOK-PERP | −0.0015% | 1h | 10.710 | −0.279% | — | — | 10x | as long as short |
| Aster NOKUSDT | 0.0000% | 8h | 10.720 | −0.186% | $65K | $7K | 20x | as long as short |
| SunX NOK-USDT | 0.0000% | 8h | 10.730 | −0.093% | $985 | $1.2M | 10x | as long as short |
| HTX NOK-USDT | 0.0000% | 8h | 10.740 | 0.000% | $9K | $6K | 10x | as long as short |
| Phemex NOKUSDT | 0.0000% | 8h | 10.740 | 0.000% | $1.6M | $651K | 10x | as long as short |
| Lighter NOK | +0.0032% | 1h | 10.714 | −0.242% | — | — | 10x | as long as short |
| KuCoin NOKUSDTM | +0.0100% | 8h | 10.710 | −0.279% | $292K | $443K | 20x | as long as short |
| OKX NOK-USDT-SWAP | +0.0106% | 8h | 10.742 | +0.019% | $1.2M | $1.2M | 20x | as long as short |
| tradeXYZ xyz:NOK | +0.0328% | 1h | 10.730 | −0.093% | $4.4M | $1.4M | 10x | as long as short |
Bitget NOKSTOCKUSDT
Vest NOK-PERP
Aster NOKUSDT
SunX NOK-USDT
HTX NOK-USDT
Phemex NOKUSDT
Lighter NOK
KuCoin NOKUSDTM
OKX NOK-USDT-SWAP
tradeXYZ xyz:NOKShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NOK | +0.0335% | 8h | 10.693 | −0.438% | $129K | $118K | — | as long as short |
| GRVT NOK_USDT_Perp | +0.0367% | 8h | 10.712 | −0.264% | $3K | $109K | 10x | as long as short |
| Gate NOK_USDTshort | +0.0422% | 8h | 10.752 | +0.112% | $934K | $1.0M | 50x | |
| Extended NOK-USD | +0.0616% | 1h | 10.727 | −0.118% | $39K | $282K | 10x | as long as short |
| MEXC NOKSTOCK_USDT | +0.0616% | 8h | 10.730 | −0.093% | $1.5M | $119K | 50x | as long as short |
| Binance NOKUSDTlong | +0.0626% | 8h | 10.740 | long leg | $7.3M | $10.5M | 20x |
Variational Omni NOK
GRVT NOK_USDT_Perp
Extended NOK-USD
MEXC NOKSTOCK_USDT