NOM Funding Rate — live across 6 venues

Compared across 6 supported venues · net of estimated fees · updated every few minutes

Live annualized NOM perpetual funding across all 6 venues Perpia tracks. Right now NOM funding is positive on 5 and negative on 1, ranging from +10.9% on MEXC to -55.2% on KuCoin — a spread of 66.1%. The widest delta-neutral trade is long KuCoin / short MEXC at 60.2% net APR.

venues

paying positive

66.1%

funding spread

Best NOM spread now

60.2%

net APR after fees

Long KuCoin→Short MEXC

size depends on live venue depth — see the real cap in the scanner

NOM funding trend & liquidity

168h of history

66.1%

current gross APR

58.2%

24h average

12.7%

7-day average

$399K

pair OI · lower leg

$761K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

NOM funding rate history

30d · 6h buckets · 6 venues

314%0-268.5%

6 Aug5 Sep

NOM — average across 6 venuesAsterBinanceKuCoinMEXC

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +20.6%. A break in a line means no data was recorded for that stretch, not a zero rate.

NOM funding rate by venue

5 pairs scanned

Venue	Funding APR	Interval
MEXC ↗	+10.9%	4h
Binance ↗	+10.9%	4h
Bybit ↗	+10.9%	1h
Aster ↗	+10.9%	1h
Gate.io ↗	+10.5%	1h
KuCoin ↗	-55.2%	1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the KuCoin vs MEXC page.

NOM arbitrage — 30-day backtest

long KuCoin · short MEXC

18.9%

backtested APR

+$155

historical net P&L on $10,000

0.72%

max drawdown

$10,000$10,155

30 days agostarting capital $10,000today

Over the last 30 days, holding long KuCoin / short MEXC would have produced 18.9% APR — versus the 60.2% the live spread implies right now (equity $10,000 → $10,155). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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NOM funding — FAQ

Is NOM funding positive right now?

NOM perpetual funding is positive on 5 of 6 venues Perpia tracks and negative on 1. The highest is +10.9% on MEXC; the lowest is -55.2% on KuCoin.

What is the best NOM funding arbitrage right now?

Go long KuCoin and short MEXC for about 60.2% net APR after fees — the widest delta-neutral NOM spread Perpia currently sees.

Which exchange has the highest NOM funding rate?

MEXC, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How NOM funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to NOM

Markets also quoted on both KuCoin and MEXC — the same two exchanges you would already have funded for the NOM trade.

See every spread between them on the KuCoin vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this