Funding you earn now, next payment 08:00 UTC+0.0295%/8h= +32.4% APRnext payment +$2.95 per $10,000 · paid last 24h +0.015%
Price spread now: Binance against Gate+0.025%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1621.623% of the position
Funding, last 7 days+0.494%+$49 on $10k
+Price spread, last 4 days (all we have)+0.224%+$22 · spread now +0.025%, 7d avg −0.030%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.055% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NVO_USDT | 39.920 | 0 | get 0.0000% / 8h | 2h 47m | $834K | $980K | 20x |
| Short | Binance NVOUSDT | 39.930 | 0.0295 | get 0.0295% / 8h | 2h 47m | $2.1M | $3.9M | 20x |
Gate NVO_USDT
Binance NVOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $62.05
- Price spread: +0.025% → −0.030%
- $5.49
- Slippage, 4 orders
- −$137.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$94.71
- Costs to cover
- 1.623%
- Break-even
- 17.7 days
Slippage from Gate: live order book, 64 min ago; Binance: live order book, 4 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 Gate live order book, 64 min ago | 8.76 bp | 17.7 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 3.75 bp | 20.5 bp −$20 | 76.1 bp −$761 | 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 | 39.935 | +0.037% | $2K | $6K | 20x | as long as short |
| Bybit NVOUSDT | 0.0000% | 8h | 39.900 | −0.050% | $693K | $400K | 25x | as long as short |
| QFEX NVO-USD | 0.0000% | 1h | 39.830 | −0.225% | $1.1M | $1.6M | 10x | as long as short |
| Gate NVO_USDTlong | 0.0000% | 8h | 39.920 | long leg | $834K | $980K | 20x | |
| SunX NVO-USDT | 0.0000% | 8h | 39.940 | +0.050% | $1K | $1.0M | 10x | as long as short |
| HTX NVO-USDT | 0.0000% | 8h | 39.970 | +0.125% | $10K | $16K | 10x | as long as short |
| Injective NVO/USDC PERP | +0.0033% | 1h | 42.250 | +5.837% | $2K | $4 | 12x | as long as short |
| KuCoin NVOUSDTM | +0.0100% | 8h | 39.910 | −0.025% | $114K | $260K | 10x | as long as short |
| Variational Omni NVO | +0.0277% | 8h | 39.958 | +0.095% | $66K | $34K | — | as long as short |
| Binance NVOUSDTshort | +0.0295% | 8h | 39.930 | +0.025% | $2.1M | $3.9M | 20x |
Aster NVOUSDT
Bybit NVOUSDT
QFEX NVO-USD
SunX 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 | +0.0607% | 8h | 39.950 | +0.076% | $785 | $224K | 10x | as long as short |
GRVT NVO_USDT_Perp