Funding you earn now, next payment 08:00 UTC+0.0212%/8h= +23.2% APRnext payment +$2.12 per $10,000 · paid last 24h +0.015%
Price spread now: Binance against Bybit−0.050%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1511.513% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)+0.135%+$14 · spread now −0.050%, 7d avg −0.031%
=The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.12 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 | Bybit NVOUSDT | 39.910 | 0 | get 0.0000% / 8h | 3h 16m | $693K | $399K | 25x |
| Short | Binance NVOUSDT | 39.890 | 0.0212 | get 0.0212% / 8h | 3h 16m | $2.1M | $3.9M | 20x |
Bybit NVOUSDT
Binance NVOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $44.48
- Price spread: −0.050% → −0.031%
- −$1.96
- Slippage, 4 orders
- −$130.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$108.76
- Costs to cover
- 1.513%
- Break-even
- 24.1 days
Slippage from Bybit: live order book, 34 min ago; Binance: live order book, 5 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 Bybit live order book, 34 min ago | 7.50 bp | 39.9 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.51 bp | 20.9 bp −$21 | 82.8 bp −$828 | 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 | 39.929 | +0.047% | $2K | $6K | 20x | as long as short |
| Bybit NVOUSDTlong | 0.0000% | 8h | 39.910 | long leg | $693K | $399K | 25x | |
| QFEX NVO-USD | 0.0000% | 1h | 39.850 | −0.150% | $1.1M | $1.6M | 10x | as long as short |
| Gate NVO_USDT | 0.0000% | 8h | 39.890 | −0.050% | $664K | $881K | 20x | as long as short |
| SunX NVO-USDT | 0.0000% | 8h | 39.910 | 0.000% | $837 | $1.0M | 10x | as long as short |
| HTX NVO-USDT | 0.0000% | 8h | 39.940 | +0.075% | $10K | $16K | 10x | as long as short |
| Injective NVO/USDC PERP | +0.0033% | 1h | 42.250 | +5.863% | $2K | $4 | 12x | as long as short |
| KuCoin NVOUSDTM | +0.0100% | 8h | 39.870 | −0.100% | $113K | $251K | 10x | as long as short |
| Binance NVOUSDTshort | +0.0212% | 8h | 39.890 | −0.050% | $2.1M | $3.9M | 20x | |
| Variational Omni NVO | +0.0213% | 8h | 39.903 | −0.017% | $66K | $34K | — | as long as short |
Aster NVOUSDT
QFEX NVO-USD
Gate NVO_USDT
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 | +0.0562% | 8h | 39.910 | −0.001% | $682 | $224K | 10x | as long as short |
GRVT NVO_USDT_Perp