Funding you earn now, next payment 04:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h −0.005%
Price spread now: Injective against Binance+5.644%67s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 5.644% dearer against Binance than usual: you sell high and buy low (spread +5.644% now, against zero (this spread has no 7-day history yet)): +$564 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 months. The two prices were read 67 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 | 39.993 | 0.0069 | pay 0.0069% / 8h | 4h 36m | $2.1M | $3.8M | 20x |
| Short | Injective NVO/USDC PERP | 42.250 | 0.0033 | get 0.0004% / 1h | 36m 19s | $2K | $4 | 12x |
Binance NVOUSDT
Injective NVO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$7.39
- Price spread: +5.644% → 0.000%
- $564.41
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $546.99
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 15 min ago; Injective: no order-book sample. 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 | 1.25 bp | 22.4 bp −$22 | 75.9 bp −$759 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.207% | $1.1M | $1.6M | 10x | as long as short |
| Aster NVOUSDT | 0.0000% | 8h | 39.987 | −0.015% | $2K | $6K | 20x | as long as short |
| Bybit NVOUSDT | 0.0000% | 8h | 40.000 | +0.018% | $696K | $397K | 25x | as long as short |
| Gate NVO_USDT | 0.0000% | 8h | 39.980 | −0.032% | $616K | $849K | 20x | as long as short |
| SunX NVO-USDT | 0.0000% | 8h | 40.000 | +0.018% | $928 | $1.0M | 10x | as long as short |
| HTX NVO-USDT | 0.0000% | 8h | 40.050 | +0.143% | $9K | $15K | 10x | as long as short |
| Injective NVO/USDC PERPshort | +0.0033% | 1h | 42.250 | +5.644% | $2K | $4 | 12x | |
| Variational Omni NVO | +0.0053% | 8h | 39.988 | −0.013% | $66K | $36K | — | as long as short |
| Binance NVOUSDTlong | +0.0069% | 8h | 39.993 | long leg | $2.1M | $3.8M | 20x | |
| KuCoin NVOUSDTM | +0.0100% | 8h | 39.930 | −0.157% | $113K | $243K | 10x | as long as short |
QFEX NVO-USD
Aster NVOUSDT
Bybit NVOUSDT
Gate NVO_USDT
SunX NVO-USDT
HTX NVO-USDT
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_Perp | +0.0448% | 8h | 39.982 | −0.026% | $868 | $219K | 10x | as long as short |
GRVT NVO_USDT_Perp