NVO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0330%/8h= −36.1% APRnext payment −$3.30 per $10,000 · paid last 24h −0.003%

Price spread now: SunX against GRVT−0.048%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$290as in the Funding arb table

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$2842.844% of the position

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.048%, 7d avg −0.013%

Together, before fees−0.020%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.035% cheaper against GRVT than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.056% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.30 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	39.919	0.0330	pay 0.0330% / 8h	6h 40m	$901	$219K	10x
Short	SunX NVO-USDT	39.900	0	get 0.0000% / 8h	6h 40m	$1K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$69.3
Price spread: −0.048% → −0.013%: −$3.47
Slippage, 4 orders: −$267.44
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$357.21
Costs to cover: 2.844%
Break-even: never at this rate

Slippage from GRVT: live order book, 27 min ago; SunX: live order book, 2 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, 27 min ago	5.01 bp	68.7 bp −$69	117.5 bp −$1,175	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	46.36 bp	67.0 bp −$67	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
QFEX NVO-USD	−0.0002%	1h	39.890	−0.073%	$1.1M	$1.7M	10x	as long as short
Aster NVOUSDT	0.0000%	8h	39.939	+0.048%	$2K	$6K	20x	as long as short
Bybit NVOUSDT	0.0000%	8h	39.920	+0.002%	$695K	$396K	25x	as long as short
Gate NVO_USDT	0.0000%	8h	39.900	−0.048%	$611K	$862K	20x	as long as short
Variational Omni NVO	0.0000%	8h	39.899	−0.051%	$65K	$35K	—	as long as short
SunX NVO-USDTshort	0.0000%	8h	39.900	−0.048%	$1K	$1.0M	10x
HTX NVO-USDT	0.0000%	8h	39.950	+0.077%	$9K	$15K	10x	as long as short
Binance NVOUSDT	+0.0002%	8h	39.900	−0.048%	$2.1M	$3.8M	20x	as long as short
Injective NVO/USDC PERP	+0.0033%	1h	42.250	+5.839%	$2K	$4	12x	as long as short
KuCoin NVOUSDTM	+0.0100%	8h	39.880	−0.098%	$112K	$250K	10x	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	+0.0330%	8h	39.919	long leg	$901	$219K	10x