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

NVO

RWAall NVO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against SunX−0.225%7-day average +0.318% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$1631.631% 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)+0.133%+$13 · spread now −0.225%, 7d avg +0.318%
Together, before fees+0.133%+$13 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: QFEX is 0.543% cheaper against SunX than usual: you would sell low and buy high, −$54 on $10k if it goes back to its 7-day average of +0.318%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NVO-USDT39.9400get 0.0000% / 8h2h 45m$1K$1.0M10x
ShortQFEX NVO-USD39.8500get 0.0000% / 1h45m 17s$1.1M$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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: −0.225% → +0.318%
−$54.31
Slippage, 4 orders
−$145.12
Fee SunX: 4 bp × 2 orders
−$8
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$217.42
Costs to cover
1.631%
Break-even
never at this rate
Slippage from SunX: live order book, 7 min ago; QFEX: 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 SunX live order book, 7 min ago48.79 bp68.8 bp −$69doesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 1 min ago2.51 bp10.0 bp −$1017.4 bp −$174doesn'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%8h39.937−0.007%$2K$6K20xas long as short
Bybit NVOUSDT0.0000%8h39.920−0.050%$694K$400K25xas long as short
QFEX NVO-USDshort0.0000%1h39.850−0.225%$1.1M$1.6M10x
Gate NVO_USDT0.0000%8h39.930−0.025%$834K$980K20xas long as short
SunX NVO-USDTlong0.0000%8h39.940long leg$1K$1.0M10x
HTX NVO-USDT0.0000%8h39.980+0.100%$10K$16K10xas long as short
Injective NVO/USDC PERP+0.0033%1h42.250+5.784%$2K$412xas long as short
KuCoin NVOUSDTM+0.0100%8h39.910−0.075%$114K$260K10xas long as short
Variational Omni NVO+0.0290%8h39.933−0.017%$66K$34Kas long as short
Binance NVOUSDT+0.0299%8h39.939−0.003%$2.1M$3.9M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT NVO_USDT_Perp+0.0622%8h39.923−0.043%$779$223K10xas long as short