Funding you earn now, next payment 05:00 UTC−0.0238%/8h= −26.1% APRpaid last 24h −0.015%
Price spread now: QFEX against Binance−0.137%7-day average +0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$750.750% of the position
Funding, last 4 days (all we have)−0.042%−$4 on $10k
+Price spread, last 7 days+0.083%+$8 · spread now −0.137%, 7d avg +0.082%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and QFEX is 0.219% cheaper against Binance than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.082%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.042% in total (about -4.2% a year). A funding rate is set anew for every payment. 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 | 39.885 | 0.0238 | pay 0.0238% / 8h | 3h 26m | $2.1M | $3.9M | 20x |
| Short | QFEX NVO-USD | 39.830 | 0 | get 0.0000% / 1h | 26m 23s | $1.1M | $1.6M | 10x |
Binance NVOUSDT
QFEX NVO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- −$50.01
- Price spread: −0.137% → +0.082%
- −$21.89
- Slippage, 4 orders
- −$54.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$146.86
- Costs to cover
- 0.750%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; QFEX: 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 Binance live order book, 10 min ago | 2.50 bp | 18.4 bp −$18 | 66.2 bp −$662 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.51 bp | 15.5 bp −$15 | 24.8 bp −$248 | 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 | 39.923 | +0.097% | $2K | $6K | 20x | as long as short |
| Bybit NVOUSDT | 0.0000% | 8h | 39.890 | +0.013% | $693K | $399K | 25x | as long as short |
| QFEX NVO-USDshort | 0.0000% | 1h | 39.830 | −0.137% | $1.1M | $1.6M | 10x | |
| Gate NVO_USDT | 0.0000% | 8h | 39.880 | −0.012% | $663K | $880K | 20x | as long as short |
| SunX NVO-USDT | 0.0000% | 8h | 39.890 | +0.013% | $1K | $1.0M | 10x | as long as short |
| HTX NVO-USDT | 0.0000% | 8h | 39.930 | +0.113% | $10K | $16K | 10x | as long as short |
| Injective NVO/USDC PERP | +0.0033% | 1h | 42.250 | +5.930% | $2K | $4 | 12x | as long as short |
| KuCoin NVOUSDTM | +0.0100% | 8h | 39.870 | −0.037% | $113K | $251K | 10x | as long as short |
| Variational Omni NVO | +0.0235% | 8h | 39.888 | +0.008% | $66K | $34K | — | as long as short |
| Binance NVOUSDTlong | +0.0238% | 8h | 39.885 | long leg | $2.1M | $3.9M | 20x |
Aster NVOUSDT
Bybit NVOUSDT
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 | +0.0612% | 8h | 39.910 | +0.063% | $1K | $223K | 10x | as long as short |
GRVT NVO_USDT_Perp