Funding you earn now, next payment 08:00 UTC−0.0591%/8h= −64.7% APRpaid last 24h −0.016%
Price spread now: QFEX against GRVT−0.482%117s7-day average +0.369% · 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—prices read too far apart to compare
costs, in and out, $10k−$1541.545% of the position
Funding, last 4 days (all we have)−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.437%+$44 · spread now −0.482%, 7d avg +0.369%
=Together, before fees+0.389%+ Points / potential airdropGRVT: Active · farm board+$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and QFEX is 0.851% cheaper against GRVT than usual: you would sell low and buy high (−$85 if the spread goes back to its 7-day average of +0.369%). Swap the legs. The two prices were read 117 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 4 days it paid -0.048% in total (about -4.7% 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 | GRVT NVO_USDT_Perp | 39.410 | 0.0591 | pay 0.0591% / 8h | 17m 43s | $237 | $219K | 10x |
| Short | QFEX NVO-USD | 39.220 | 0 | get 0.0000% / 1h | 17m 43s | $1.1M | $1.7M | 10x |
GRVT NVO_USDT_Perp
QFEX NVO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against GRVT. 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
- −$124.11
- Price spread: −0.482% → +0.369%
- −$85.08
- Slippage, 4 orders
- −$135.49
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$363.68
- Costs to cover
- 1.545%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 20 min ago; QFEX: live order book, 9 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, 20 min ago | 5.03 bp | 84.1 bp −$84 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 9 min ago | 1.26 bp | 9.0 bp −$9 | 18.8 bp −$188 | 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 | 39.339 | −0.181% | $3K | $7K | 20x | as long as short |
| Bybit NVOUSDT | 0.0000% | 8h | 39.270 | −0.355% | $708K | $428K | 25x | as long as short |
| QFEX NVO-USDshort | 0.0000% | 1h | 39.220 | −0.482% | $1.1M | $1.7M | 10x | |
| Gate NVO_USDT | 0.0000% | 8h | 39.350 | −0.152% | $842K | $929K | 20x | as long as short |
| SunX NVO-USDT | 0.0000% | 8h | 39.270 | −0.355% | $1K | $1.0M | 10x | as long as short |
| HTX NVO-USDT | 0.0000% | 8h | 39.500 | +0.228% | $10K | $16K | 10x | as long as short |
| Injective NVO/USDC PERP | +0.0033% | 1h | 42.250 | +7.206% | $2K | $4 | 12x | as long as short |
| KuCoin NVOUSDTM | +0.0100% | 8h | 39.310 | −0.254% | $109K | $259K | 10x | as long as short |
| Binance NVOUSDT | +0.0400% | 8h | 39.298 | −0.284% | $2.1M | $4.1M | 20x | as long as short |
| Variational Omni NVO | +0.0402% | 8h | 39.408 | −0.005% | $65K | $41K | — | as long as short |
Aster NVOUSDT
Bybit NVOUSDT
Gate NVO_USDT
SunX NVO-USDT
HTX NVO-USDT
Injective NVO/USDC PERP
KuCoin NVOUSDTM
Binance NVOUSDT
Variational Omni NVOShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT NVO_USDT_Perplong | +0.0591% | 8h | 39.410 | long leg | $237 | $219K | 10x |