Funding you earn now, next payment 01:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h 0.000%
Price spread now: QFEX against Bybit−0.125%7-day average +0.278% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1491.485% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.125%, 7d avg +0.278%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.403% cheaper against Bybit than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of +0.278%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NVOUSDT | 39.940 | 0 | get 0.0000% / 8h | 6h 57m | $695K | $396K | 25x |
| Short | QFEX NVO-USD | 39.890 | −0.0002 | pay 0.0000% / 1h | 57m 22s | $1.1M | $1.7M | 10x |
Bybit NVOUSDT
QFEX NVO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.47
- Price spread: −0.125% → +0.278%
- −$40.33
- Slippage, 4 orders
- −$127.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$189.3
- Costs to cover
- 1.485%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 7 min ago; QFEX: live order book, 9 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 Bybit live order book, 7 min ago | 12.52 bp | 36.7 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 9 min ago | 1.25 bp | 18.8 bp −$19 | 24.5 bp −$245 | 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-USDshort | −0.0002% | 1h | 39.890 | −0.125% | $1.1M | $1.7M | 10x | |
| Aster NVOUSDT | 0.0000% | 8h | 39.937 | −0.007% | $2K | $6K | 20x | as long as short |
| Bybit NVOUSDTlong | 0.0000% | 8h | 39.940 | long leg | $695K | $396K | 25x | |
| Gate NVO_USDT | 0.0000% | 8h | 39.930 | −0.025% | $612K | $860K | 20x | as long as short |
| Variational Omni NVO | 0.0000% | 8h | 39.923 | −0.043% | $65K | $35K | — | as long as short |
| SunX NVO-USDT | 0.0000% | 8h | 39.950 | +0.025% | $1K | $1.0M | 10x | as long as short |
| HTX NVO-USDT | 0.0000% | 8h | 39.960 | +0.050% | $9K | $15K | 10x | as long as short |
| Binance NVOUSDT | +0.0014% | 8h | 39.920 | −0.050% | $2.1M | $3.8M | 20x | as long as short |
| Injective NVO/USDC PERP | +0.0033% | 1h | 42.250 | +5.784% | $2K | $4 | 12x | as long as short |
| KuCoin NVOUSDTM | +0.0100% | 8h | 39.880 | −0.150% | $112K | $251K | 10x | as long as short |
Aster NVOUSDT
Gate NVO_USDT
Variational Omni NVO
SunX NVO-USDT
HTX NVO-USDT
Binance NVOUSDT
Injective NVO/USDC PERP
KuCoin NVOUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT NVO_USDT_Perp | +0.0347% | 8h | 39.930 | −0.025% | $323 | $220K | 10x | as long as short |
GRVT NVO_USDT_Perp