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

NVO

RWAall NVO markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against QFEX+0.100%7-day average −0.278% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1761.763% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.100%, 7d avg −0.278%
Together, before fees+0.081%+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.378% dearer against QFEX than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of −0.278%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX NVO-USD39.9600get 0.0000% / 1h35m 29s$1.1M$1.7M10x
ShortBybit NVOUSDT40.0000get 0.0000% / 8h7h 35m$696K$415K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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
$0
Price spread: +0.100% → −0.278%
$37.82
Slippage, 4 orders
−$155.28
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$138.46
Costs to cover
1.763%
Break-even
never at this rate
Slippage from QFEX: live order book, 1 min ago; Bybit: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 1 min ago2.50 bp15.0 bp −$1524.9 bp −$249doesn't fitdoesn't fit
Sell Bybit live order book, 34 min ago6.25 bp71.6 bp −$72doesn't fitdoesn't fitdoesn't fit

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%8h40.011+0.128%$2K$6K20xas long as short
Binance NVOUSDT0.0000%8h40.010+0.125%$2.0M$3.8M20xas long as short
Bybit NVOUSDTshort0.0000%8h40.000+0.100%$696K$415K25x
QFEX NVO-USDlong0.0000%1h39.960long leg$1.1M$1.7M10x
Gate NVO_USDT0.0000%8h40.010+0.125%$614K$869K20xas long as short
Variational Omni NVO0.0000%8h40.019+0.147%$65K$35Kas long as short
SunX NVO-USDT0.0000%8h40.010+0.125%$865$1.0M10xas long as short
HTX NVO-USDT0.0000%8h40.160+0.501%$9K$15K10xas long as short
Injective NVO/USDC PERP+0.0033%1h42.250+5.731%$2K$412xas long as short
KuCoin NVOUSDTM+0.0100%8h40.010+0.125%$112K$251K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT NVO_USDT_Perp+0.1350%8h40.039+0.198%$715$221K10xas long as short