Funding you earn now, next payment 04:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.015%
Price spread now: QFEX against KuCoin−0.050%7-day average +0.383% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.050%, 7d avg +0.383%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.433% cheaper against KuCoin than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of +0.383%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NVOUSDTM | 39.940 | 0.0100 | pay 0.0100% / 8h | 4h 34m | $113K | $243K | 10x |
| Short | QFEX NVO-USD | 39.920 | −0.0001 | pay 0.0000% / 1h | 34m 21s | $1.1M | $1.6M | 10x |
KuCoin NVOUSDTM
QFEX NVO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against KuCoin. 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
- −$21.22
- Price spread: −0.050% → +0.383%
- −$43.34
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$86.56
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 46 min ago; QFEX: live order book, 2 min ago. Net counts fees only.
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 KuCoin live order book, 46 min ago | 11.27 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 2.51 bp | 12.5 bp −$13 | 20.0 bp −$200 | 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 | −0.0001% | 1h | 39.920 | −0.050% | $1.1M | $1.6M | 10x | |
| Aster NVOUSDT | 0.0000% | 8h | 39.993 | +0.134% | $2K | $6K | 20x | as long as short |
| Bybit NVOUSDT | 0.0000% | 8h | 40.010 | +0.175% | $696K | $397K | 25x | as long as short |
| Gate NVO_USDT | 0.0000% | 8h | 40.010 | +0.175% | $617K | $849K | 20x | as long as short |
| SunX NVO-USDT | 0.0000% | 8h | 40.000 | +0.150% | $936 | $1.0M | 10x | as long as short |
| HTX NVO-USDT | 0.0000% | 8h | 40.050 | +0.275% | $9K | $15K | 10x | as long as short |
| Injective NVO/USDC PERP | +0.0033% | 1h | 42.250 | +5.784% | $2K | $4 | 12x | as long as short |
| Variational Omni NVO | +0.0062% | 8h | 39.988 | +0.120% | $66K | $36K | — | as long as short |
| Binance NVOUSDT | +0.0072% | 8h | 40.034 | +0.234% | $2.1M | $3.8M | 20x | as long as short |
| KuCoin NVOUSDTMlong | +0.0100% | 8h | 39.940 | long leg | $113K | $243K | 10x |
Aster NVOUSDT
Bybit NVOUSDT
Gate NVO_USDT
SunX NVO-USDT
HTX NVO-USDT
Injective NVO/USDC PERP
Variational Omni NVO
Binance NVOUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT NVO_USDT_Perp | +0.0482% | 8h | 39.992 | +0.129% | $560 | $219K | 10x | as long as short |
GRVT NVO_USDT_Perp