Funding you earn now, next payment 16:00 UTC−0.0444%/8h= −48.6% APRnext payment −$4.44 per $10,000 · paid last 24h −0.056%
Price spread now: SunX against Binance+0.101%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1721.724% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.101%, 7d avg −0.006%
=The price spread pays, funding is against you. SunX is 0.107% dearer against Binance than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of −0.006%): +$11 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.083% in total) that is about 9.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.44 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NVOUSDT | 39.730 | 0.0444 | pay 0.0444% / 8h | 6h 08m | $2.2M | $3.1M | 20x |
| Short | SunX NVO-USDT | 39.770 | 0 | get 0.0000% / 8h | 6h 08m | $888 | $652K | 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
- −$93.17
- Price spread: +0.101% → −0.006%
- $10.69
- Slippage, 4 orders
- −$154.39
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$254.86
- Costs to cover
- 1.724%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; SunX: live order book, 36 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, 5 min ago | 2.51 bp | 17.8 bp −$18 | 65.8 bp −$658 | doesn't fit | doesn't fit |
| Sell SunX live order book, 36 min ago | 47.75 bp | 68.4 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
NVO on 11 exchanges
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 | 39.702 | −0.070% | $3K | $7K | 20x | as long as short |
| Bybit NVOUSDT | 0.0000% | 8h | 39.760 | +0.076% | $727K | $346K | 25x | as long as short |
| QFEX NVO-USD | 0.0000% | 1h | 39.660 | −0.176% | $1.1M | $1.3M | 10x | as long as short |
| Gate NVO_USDT | 0.0000% | 8h | 39.760 | +0.076% | $862K | $716K | 20x | as long as short |
| SunX NVO-USDTshort | 0.0000% | 8h | 39.770 | +0.101% | $888 | $652K | 10x | |
| HTX NVO-USDT | 0.0000% | 8h | 39.770 | +0.101% | $10K | $16K | 10x | as long as short |
| Injective NVO/USDC PERP | +0.0033% | 1h | 42.250 | +6.343% | $2K | $4 | 12x | as long as short |
| KuCoin NVOUSDTM | +0.0100% | 8h | 39.720 | −0.025% | $112K | $355K | 10x | as long as short |
| Binance NVOUSDTlong | +0.0444% | 8h | 39.730 | long leg | $2.2M | $3.1M | 20x | |
| Variational Omni NVO | +0.0450% | 8h | 39.751 | +0.053% | $67K | $39K | — | as long as short |
Aster NVOUSDT
Bybit NVOUSDT
QFEX NVO-USD
Gate NVO_USDT
HTX NVO-USDT
Injective NVO/USDC PERP
KuCoin NVOUSDTM
Variational Omni NVOShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT NVO_USDT_Perp | +0.0559% | 8h | 39.767 | +0.092% | $239 | $192K | 10x | as long as short |
GRVT NVO_USDT_Perp