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

NVO

RWAall NVO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against SunX−0.100%7-day average +0.349% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$351as in the Price arb table
costs, in and out, $10k−$3063.063% 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 3 days (all we have)+0.008%+$1 · spread now −0.100%, 7d avg +0.349%
Together, before fees+0.008%+$1 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: QFEX is 0.449% cheaper against SunX than usual: you would sell low and buy high, −$45 on $10k if it goes back to its 7-day average of +0.349%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NVO-USDT39.9600get 0.0000% / 8h21m 36s$784$1.1M10x
ShortQFEX NVO-USD39.9200get 0.0000% / 1h21m 36s$1.1M$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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% → +0.349%
−$44.92
Slippage, 4 orders
−$288.33
Fee SunX: 4 bp × 2 orders
−$8
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$351.25
Costs to cover
3.063%
Break-even
never at this rate
Slippage from SunX: live order book, 1 min ago; QFEX: live order book, 5 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 SunX live order book, 1 min ago47.55 bp70.4 bp −$70doesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 5 min ago78.90 bp83.9 bp −$8492.6 bp −$926doesn'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%8h39.976+0.041%$2K$6K20xas long as short
Binance NVOUSDT0.0000%8h39.950−0.025%$2.0M$3.9M20xas long as short
Bybit NVOUSDT0.0000%8h39.9600.000%$695K$426K25xas long as short
QFEX NVO-USDshort0.0000%1h39.920−0.100%$1.1M$1.7M10x
Gate NVO_USDT0.0000%8h39.9600.000%$620K$883K20xas long as short
Variational Omni NVO0.0000%8h39.965+0.014%$65K$36Kas long as short
SunX NVO-USDTlong0.0000%8h39.960long leg$784$1.1M10x
HTX NVO-USDT0.0000%8h39.9600.000%$9K$16K10xas long as short
Injective NVO/USDC PERP+0.0033%1h42.250+5.731%$2K$412xas long as short
GRVT NVO_USDT_Perp+0.0036%8h39.970+0.025%$634$229K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NVOUSDTM+0.0100%8h39.950−0.025%$112K$235K10xas long as short