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

NVO

RWAall NVO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Gate+0.025%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$296as in the Funding arb table
Net, price: spread back to 7d avg − costs−$334as in the Price arb table
costs, in and out, $10k−$3413.408% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.452%+$45 on $10k
Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.025%, 7d avg −0.047%
Together, before fees+0.491%+$49 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 0.072% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NVO_USDT39.9600get 0.0000% / 8h1h 51m$839K$953K20x
ShortSunX NVO-USDT39.9700get 0.0000% / 8h1h 51m$859$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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: +0.025% → −0.047%
$7.16
Slippage, 4 orders
−$317.77
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$333.61
Costs to cover
3.408%
Break-even
never at this rate
Slippage from Gate: live order book, 55 min ago; SunX: live order book, 1 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 Gate live order book, 55 min ago5.01 bp97.8 bp −$98doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 1 min ago47.54 bp68.8 bp −$69doesn'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%8h39.888−0.180%$3K$7K20xas long as short
Bybit NVOUSDT0.0000%8h39.970+0.025%$696K$405K25xas long as short
QFEX NVO-USD0.0000%1h39.880−0.200%$1.1M$1.6M10xas long as short
Gate NVO_USDTlong0.0000%8h39.960long leg$839K$953K20x
SunX NVO-USDTshort0.0000%8h39.970+0.025%$859$1.0M10x
HTX NVO-USDT0.0000%8h40.000+0.100%$10K$16K10xas long as short
Injective NVO/USDC PERP+0.0033%1h42.250+5.731%$2K$412xas long as short
KuCoin NVOUSDTM+0.0100%8h39.910−0.125%$112K$258K10xas long as short
Variational Omni NVO+0.0367%8h39.958−0.005%$66K$36Kas long as short
Binance NVOUSDT+0.0395%8h39.969+0.022%$2.1M$4.0M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT NVO_USDT_Perp+0.0654%8h39.970+0.025%$318$228K10xas long as short