Funding you earn now, next payment 20:00 UTC−0.0018%/8hpaid last 24h −0.015%
Price spread now: QFEX against Binance−0.201%7-day average +0.427% · 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−$111as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 3 days (all we have)−0.042%−$4 on $10k
+Price spread, last 1 day (all we have)+1.631%+$163 · spread now −0.201%, 7d avg +0.427%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.628% cheaper against Binance than usual: you would sell low and buy high (−$63 if the spread goes back to its 7-day average of +0.427%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NVOUSDT | 39.880 | 0.0018 | pay 0.0018% / 8h | 4h 23m | $2.0M | $3.8M | 20x |
| Short | QFEX NVO-USD | 39.800 | 0 | get 0.0000% / 1h | 23m 50s | $1.1M | $1.6M | 10x |
Binance NVOUSDT
QFEX NVO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- −$3.83
- Price spread: −0.201% → +0.427%
- −$62.8
- Slippage, 4 orders
- −$28.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$114.77
- Costs to cover
- 0.481%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; QFEX: live order book, 7 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 Binance live order book, 3 min ago | 2.51 bp | 17.3 bp −$17 | 56.0 bp −$560 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 2.52 bp | 7.5 bp −$8 | 12.0 bp −$120 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NVOUSDT | 0.0000% | 8h | 39.850 | −0.075% | $2K | $6K | 20x | as long as short |
| Bybit NVOUSDT | 0.0000% | 8h | 39.850 | −0.075% | $697K | $428K | 25x | as long as short |
| QFEX NVO-USDshort | 0.0000% | 1h | 39.800 | −0.201% | $1.1M | $1.6M | 10x | |
| Gate NVO_USDT | 0.0000% | 8h | 39.880 | 0.000% | $620K | $897K | 20x | as long as short |
| Variational Omni NVO | 0.0000% | 8h | 39.835 | −0.113% | $52K | $18K | — | as long as short |
| SunX NVO-USDT | 0.0000% | 8h | 39.860 | −0.050% | $961 | $1.1M | 10x | as long as short |
| HTX NVO-USDT | 0.0000% | 8h | 39.820 | −0.150% | $9K | $16K | 10x | as long as short |
| Binance NVOUSDTlong | +0.0018% | 8h | 39.880 | long leg | $2.0M | $3.8M | 20x | |
| Injective NVO/USDC PERP | +0.0033% | 1h | 42.250 | +5.943% | $2K | $4 | 12x | as long as short |
| GRVT NVO_USDT_Perp | +0.0086% | 8h | 39.770 | −0.275% | $282 | $228K | 10x | as long as short |
Aster NVOUSDT
Bybit NVOUSDT
Gate NVO_USDT
Variational Omni NVO
SunX NVO-USDT
HTX NVO-USDT
Injective NVO/USDC PERP
GRVT NVO_USDT_PerpShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NVOUSDTM | +0.0100% | 8h | 39.840 | −0.100% | $112K | $246K | 10x | as long as short |
KuCoin NVOUSDTM