NVO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0663%/8h= −72.6% APRnext payment −$6.63 per $10,000 · paid last 24h −0.016%

Price spread now: Bybit against GRVT−0.009%50s7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2072.072% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.009%, 7d avg +0.034%

Together, before fees−0.026%+ Points / potential airdropGRVT: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Bybit is 0.044% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.034%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.63 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	GRVT NVO_USDT_Perp	39.984	0.0663	pay 0.0663% / 8h	3h 52m	$385	$219K	10x
Short	Bybit NVOUSDT	39.980	0	get 0.0000% / 8h	3h 52m	$695K	$398K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee BybitbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$139.23
Price spread: −0.009% → +0.034%: −$4.35
Slippage, 4 orders: −$187.15
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$350.74
Costs to cover: 2.072%
Break-even: never at this rate

Slippage from GRVT: live order book, 64 min ago; Bybit: live order book, 62 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 GRVT live order book, 64 min ago	3.75 bp	50.8 bp −$51	96.5 bp −$965	doesn't fit	doesn't fit
Sell Bybit live order book, 62 min ago	12.50 bp	78.0 bp −$78	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	39.958	−0.063%	$2K	$6K	20x	as long as short
Bybit NVOUSDTshort	0.0000%	8h	39.980	−0.009%	$695K	$398K	25x
QFEX NVO-USD	0.0000%	1h	39.880	−0.259%	$1.1M	$1.6M	10x	as long as short
Gate NVO_USDT	0.0000%	8h	39.960	−0.059%	$654K	$872K	20x	as long as short
SunX NVO-USDT	0.0000%	8h	39.970	−0.034%	$1K	$1.0M	10x	as long as short
HTX NVO-USDT	0.0000%	8h	39.980	−0.009%	$10K	$16K	10x	as long as short
Injective NVO/USDC PERP	+0.0033%	1h	42.250	+5.668%	$2K	$4	12x	as long as short
KuCoin NVOUSDTM	+0.0100%	8h	39.920	−0.159%	$112K	$241K	10x	as long as short
Variational Omni NVO	+0.0223%	8h	39.968	−0.039%	$66K	$34K	—	as long as short
Binance NVOUSDT	+0.0240%	8h	39.948	−0.089%	$2.1M	$3.9M	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVO_USDT_Perplong	+0.0663%	8h	39.984	long leg	$385	$219K	10x