NVO

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0480%/8h= −52.6% APRnext payment −$4.80 per $10,000 · paid last 24h −0.056%

Price spread now: SunX against Binance+0.042%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1761.758% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.042%, 7d avg −0.008%

Together, before fees−0.126%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.051% dearer against Binance than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.008%): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.083% in total) that is about 4.3 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 −$4.80 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 NVOUSDT	39.583	0.0480	pay 0.0480% / 8h	6h 56m	$2.2M	$3.3M	20x
Short	SunX NVO-USDT	39.600	0	get 0.0000% / 8h	6h 56m	$1K	$755K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee SunXbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$100.82
Price spread: +0.042% → −0.008%: $5.06
Slippage, 4 orders: −$157.85
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$271.61
Costs to cover: 1.758%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; SunX: live order book, 6 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, 9 min ago	2.52 bp	18.3 bp −$18	78.2 bp −$782	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	49.14 bp	69.9 bp −$70	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
Aster NVOUSDT	0.0000%	8h	39.575	−0.022%	$3K	$7K	20x	as long as short
Bybit NVOUSDT	0.0000%	8h	39.600	+0.042%	$725K	$363K	25x	as long as short
QFEX NVO-USD	0.0000%	1h	39.520	−0.160%	$1.1M	$1.5M	10x	as long as short
Gate NVO_USDT	0.0000%	8h	39.620	+0.093%	$858K	$711K	20x	as long as short
SunX NVO-USDTshort	0.0000%	8h	39.600	+0.042%	$1K	$755K	10x
HTX NVO-USDT	0.0000%	8h	39.630	+0.118%	$10K	$16K	10x	as long as short
Injective NVO/USDC PERP	+0.0033%	1h	42.250	+6.737%	$2K	$4	12x	as long as short
KuCoin NVOUSDTM	+0.0100%	8h	39.600	+0.042%	$110K	$310K	10x	as long as short
Binance NVOUSDTlong	+0.0480%	8h	39.583	long leg	$2.2M	$3.3M	20x
Variational Omni NVO	+0.0486%	8h	39.628	+0.112%	$66K	$39K	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVO_USDT_Perp	+0.0762%	8h	39.657	+0.188%	$239	$199K	10x	as long as short