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

NVO

RWAall NVO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against QFEX+0.200%7-day average −0.339% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1511.506% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.200%, 7d avg −0.339%
Together, before fees−0.131%−$13 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: SunX is 0.539% dearer against QFEX than usual: you sell high and buy low, +$54 on $10k if it goes back to its 7-day average of −0.339%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX NVO-USD39.9300get 0.0000% / 1h29m 14s$1.1M$1.6M10x
ShortSunX NVO-USDT40.0100get 0.0000% / 8h5h 29m$564$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.200% → −0.339%
$53.9
Slippage, 4 orders
−$132.65
Fee QFEX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$96.75
Costs to cover
1.506%
Break-even
never at this rate
Slippage from QFEX: live order book, 2 min ago; SunX: live order book, 4 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, 2 min ago2.50 bp7.6 bp −$817.3 bp −$173doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago47.52 bp68.1 bp −$68doesn'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%8h40.003+0.183%$2K$6K20xas long as short
Binance NVOUSDT0.0000%8h40.010+0.200%$2.1M$3.8M20xas long as short
Bybit NVOUSDT0.0000%8h40.010+0.200%$696K$397K25xas long as short
QFEX NVO-USDlong0.0000%1h39.930long leg$1.1M$1.6M10x
Gate NVO_USDT0.0000%8h39.990+0.150%$613K$852K20xas long as short
Variational Omni NVO0.0000%8h40.007+0.192%$66K$36Kas long as short
SunX NVO-USDTshort0.0000%8h40.010+0.200%$564$1.0M10x
HTX NVO-USDT0.0000%8h40.050+0.301%$9K$15K10xas long as short
Injective NVO/USDC PERP+0.0033%1h42.250+5.810%$2K$412xas long as short
GRVT NVO_USDT_Perp+0.0083%8h40.003+0.182%$646$219K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NVOUSDTM+0.0100%8h39.960+0.075%$113K$253K10xas long as short