Settings8H · net · $10k
Funding arb · Price arb /

NVO

RWAall NVO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.140%
Price spread now: Gate against Injective−5.420%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 5.420% cheaper against Injective than usual: you would sell low and buy high (−$542 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NVO/USDC PERP42.2500.0033pay 0.0004% / 1h20m 59s$2K$412x
ShortGate NVO_USDT39.9600get 0.0000% / 8h2h 20m$620K$894K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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

Funding earned
−$7
Price spread: −5.420% → 0.000%
−$542.01
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$564.03
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Gate live order book, 1 min ago18.77 bp101.6 bp −$102doesn't fitdoesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NVO on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NVOUSDT0.0000%8h39.956−5.430%$2K$6K20xas long as short
Binance NVOUSDT0.0000%8h39.960−5.420%$2.0M$3.9M20xas long as short
Bybit NVOUSDT0.0000%8h39.980−5.373%$696K$432K25xas long as short
QFEX NVO-USD0.0000%1h39.920−5.515%$1.1M$1.7M10xas long as short
Gate NVO_USDTshort0.0000%8h39.960−5.420%$620K$894K20x
Variational Omni NVO0.0000%8h39.974−5.388%$51K$22Kas long as short
SunX NVO-USDT0.0000%8h39.970−5.396%$1K$1.1M10xas long as short
HTX NVO-USDT0.0000%8h40.010−5.302%$9K$16K10xas long as short
GRVT NVO_USDT_Perp+0.0033%8h39.970−5.396%$771$239K10xas long as short
Injective NVO/USDC PERPlong+0.0033%1h42.250long leg$2K$412x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NVOUSDTM+0.0100%8h39.920−5.515%$113K$217K10xas long as short