NVO funding rates

NVO perpetual funding across 5 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:16 UTC · refreshed every 5 min

Best pair · 7d: 16.9%long Gate, short GRVT · net 10.6%
Highest funding now: 41.3%GRVT
Lowest funding now: 0.0%Aster
Listed on: 5 venues

Funding by venue

													Flags	Open
GRVT	NVO_USDT_Perp	41.3%	7.3%	16.3%	16.5%	17.8%	57%	8h	08:00	38.76	$527	$120k	TradFi	GrGRVT
Variational	NVO	5.7%	0.3%	15.8%	11.6%	18.4%	58%	8h	—	38.76	$145k	$198k	TradFi	VaVariational
Aster	NVOUSDT	0.0%	0.0%	0.0%	0.0%	0.0%	0%	8h	08:00	38.79	$2k	$8k	TradFi	AsAster
BybitCEX	NVOUSDT	0.0%	0.0%	0.0%	0.0%	0.0%	0%	8h	08:00	38.77	$1.1M	$32k	TradFi	ByBybit
GateCEX	NVO_USDT	0.0%	0.4%	−0.6%	−6.8%	−0.8%	1%	8h	08:00	38.71	$1.1M	$140k	TradFi	GtGate

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
BybitCEX	Variational	5.7%	0.3%	15.8%	11.6%	12.9%	19.4%	2.5d	steady	$145k	TradFispread not incl.	By Va	calc
GateCEX	Variational	5.7%	0.0%	16.4%	18.4%	12.5%	18.7%	3.3d	cooling	$145k	TradFispread not incl.	Gt Va	calc
Aster	Variational	5.7%	0.3%	15.8%	11.6%	13.7%	20.5%	1.9d	steady	$2k	low OITradFispread not incl.	As Va	calc
Aster	GRVT	41.3%	7.3%	16.3%	16.5%	11.8%	17.7%	3.8d	steady	$527	low OITradFi	As Gr	calc
BybitCEX	GRVT	41.3%	7.3%	16.3%	16.5%	11.1%	16.6%	4.5d	steady	$527	low OITradFi	By Gr	calc
GateCEX	GRVT	41.3%	6.9%	16.9%	23.3%	10.6%	15.9%	5.2d	steady	$527	low OITradFi	Gt Gr	calc
Variational	GRVT	35.6%	6.9%	0.5%	5.0%	−1.9%	−2.8%	68d	weak	$527	low OITradFispread not incl.	Va Gr	calc
GateCEX	BybitCEX	0.0%	−0.4%	0.6%	6.8%	−6.2%	−9.2%	153d	weak	$1.1M	TradFi	Gt By	calc
GateCEX	Aster	0.0%	−0.4%	0.6%	6.8%	−5.4%	−8.1%	135d	weak	$2k	low OITradFi	Gt As	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 03:16 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

NVO · TradFi

No two venues give a usable spread right now.

NVO: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Aster38.7924	Bybit38.77	GRVT38.76	Variational38.7587	Gate38.71
Gate38.71	0.213%	0.155%	0.129%	0.126%	—
Variational38.7587	0.087%	0.029%	0.003%	—	−0.126%
GRVT38.76	0.084%	0.026%	—	−0.003%	−0.129%
Bybit38.77	0.058%	—	−0.026%	−0.029%	−0.155%
Aster38.7924	—	−0.058%	−0.084%	−0.087%	−0.213%

All quotes (5)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
Aster	38.7924	38.7924	mark	8m	$8k	closedno FX
BybitCEX	38.77	38.77	mark	8m	$32k	closedno FX
GateCEX	38.71	38.71	mark	8m	$140k	closedno FX
GRVT	38.76	38.76	mark	8m	$120k	closedno FX
Variational	38.7587	38.7587	mark	8m	$198k	closed

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

↗ buttons open the exchange; some are referral links and we may earn a commission at no extra cost to you.