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

NVO

RWAall NVO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.002%
Price spread now: Variational Omni against Injective−5.555%46s7-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 fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 5.555% cheaper against Injective than usual: you would sell low and buy high (spread −5.555% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$555 on $10k: about 3 months of funding at the current rate (+$5 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NVO/USDC PERP42.2500.0033pay 0.0004% / 1h16m 29s$2K$412x
ShortVariational Omni NVO39.9030.0213get 0.0213% / 8h3h 16m$66K$34K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$37.74
Price spread: −5.555% → 0.000%
−$555.5
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$517.78
Costs to cover
0.000%
Break-even
103.0 days
Slippage unknown: Injective: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample
Injective and Variational Omni: 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%8h39.929−5.493%$2K$6K20xas long as short
Bybit NVOUSDT0.0000%8h39.910−5.538%$693K$399K25xas long as short
QFEX NVO-USD0.0000%1h39.850−5.680%$1.1M$1.6M10xas long as short
Gate NVO_USDT0.0000%8h39.890−5.586%$664K$881K20xas long as short
SunX NVO-USDT0.0000%8h39.910−5.538%$980$1.0M10xas long as short
HTX NVO-USDT0.0000%8h39.940−5.467%$10K$16K10xas long as short
Injective NVO/USDC PERPlong+0.0033%1h42.250long leg$2K$412x
KuCoin NVOUSDTM+0.0100%8h39.870−5.633%$113K$251K10xas long as short
Binance NVOUSDT+0.0212%8h39.910−5.538%$2.1M$3.9M20xas long as short
Variational Omni NVOshort+0.0213%8h39.903−5.555%$66K$34K
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT NVO_USDT_Perp+0.0562%8h39.910−5.539%$682$224K10xas long as short