Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.130%
Price spread now: Bybit against Gate−0.125%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2272.275% of the position
Funding, last 7 days+0.453%+$45 on $10k
+Price spread, last 4 days (all we have)+0.322%+$32 · spread now −0.125%, 7d avg +0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.126% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NVO_USDT | 39.990 | 0 | get 0.0000% / 8h | 2h 25m | $620K | $894K | 20x |
| Short | Bybit NVOUSDT | 39.940 | 0 | get 0.0000% / 8h | 2h 25m | $695K | $432K | 25x |
Gate NVO_USDT
Bybit NVOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $0
- Price spread: −0.125% → +0.001%
- −$12.57
- Slippage, 4 orders
- −$201.48
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$240.05
- Costs to cover
- 2.275%
- Break-even
- never at this rate
Slippage from Gate: live order book, 61 min ago; Bybit: live order book, 59 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 Gate live order book, 61 min ago | 16.29 bp | 31.1 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 59 min ago | 6.27 bp | 32.0 bp −$32 | 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 | 39.961 | −0.073% | $2K | $6K | 20x | as long as short |
| Binance NVOUSDT | 0.0000% | 8h | 39.976 | −0.035% | $2.0M | $3.9M | 20x | as long as short |
| Bybit NVOUSDTshort | 0.0000% | 8h | 39.940 | −0.125% | $695K | $432K | 25x | |
| QFEX NVO-USD | 0.0000% | 1h | 39.940 | −0.125% | $1.1M | $1.7M | 10x | as long as short |
| Gate NVO_USDTlong | 0.0000% | 8h | 39.990 | long leg | $620K | $894K | 20x | |
| Variational Omni NVO | 0.0000% | 8h | 39.963 | −0.067% | $51K | $22K | — | as long as short |
| SunX NVO-USDT | 0.0000% | 8h | 39.960 | −0.075% | $1K | $1.1M | 10x | as long as short |
| HTX NVO-USDT | 0.0000% | 8h | 40.070 | +0.200% | $9K | $16K | 10x | as long as short |
| Injective NVO/USDC PERP | +0.0033% | 1h | 42.250 | +5.651% | $2K | $4 | 12x | as long as short |
| GRVT NVO_USDT_Perp | +0.0035% | 8h | 39.970 | −0.051% | $771 | $239K | 10x | as long as short |
Aster NVOUSDT
Binance NVOUSDT
QFEX NVO-USD
Variational Omni NVO
SunX NVO-USDT
HTX NVO-USDT
Injective NVO/USDC PERP
GRVT NVO_USDT_PerpShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NVOUSDTM | +0.0100% | 8h | 39.930 | −0.150% | $113K | $217K | 10x | as long as short |
KuCoin NVOUSDTM