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

NVO

RWAall NVO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against QFEX+0.126%7-day average −0.287% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1561.562% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.126%, 7d avg −0.287%
Together, before fees−0.010%−$1 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 0.413% dearer against QFEX than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.287%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX NVO-USD39.7100get 0.0000% / 1h43m 39s$1.1M$1.3M10x
ShortSunX NVO-USDT39.7600get 0.0000% / 8h5h 43m$649$608K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against QFEX. 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: +0.126% → −0.287%
$41.29
Slippage, 4 orders
−$138.21
Fee QFEX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$114.92
Costs to cover
1.562%
Break-even
never at this rate
Slippage from QFEX: live order book, just now; SunX: live order book, 61 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 QFEX live order book, just now2.52 bp10.0 bp −$1015.3 bp −$153doesn't fitdoesn't fit
Sell SunX live order book, 61 min ago47.75 bp68.4 bp −$68doesn't fitdoesn't fitdoesn't fit

NVO on 11 exchanges

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%8h39.769+0.148%$3K$7K20xas long as short
Bybit NVOUSDT0.0000%8h39.750+0.101%$711K$352K25xas long as short
QFEX NVO-USDlong0.0000%1h39.710long leg$1.1M$1.3M10x
Gate NVO_USDT0.0000%8h39.790+0.201%$864K$687K20xas long as short
SunX NVO-USDTshort0.0000%8h39.760+0.126%$649$608K10x
HTX NVO-USDT0.0000%8h39.790+0.201%$10K$16K10xas long as short
Injective NVO/USDC PERP+0.0033%1h42.250+6.396%$2K$412xas long as short
KuCoin NVOUSDTM+0.0100%8h39.750+0.101%$111K$378K10xas long as short
GRVT NVO_USDT_Perp+0.0362%8h39.840+0.328%$240$181K10xas long as short
Binance NVOUSDT+0.0386%8h39.763+0.134%$2.2M$3.0M20xas long as short
Show all 11 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NVO+0.0394%8h39.795+0.214%$64K$41Kas long as short