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

NAORIS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.132%
Price spread now: Extended against Bitget+0.010%7-day average −0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs−$486as in the Funding arb table
Net, price: spread back to 7d avg − costs−$508as in the Price arb table
costs, in and out, $10k−$5265.259% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.398%+$40 on $10k
Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.010%, 7d avg −0.165%
Together, before fees+0.226%+ Points / potential airdropExtended: Active · farm board+$23 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: Extended is 0.175% dearer against Bitget than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.165%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NAORISUSDT0.037440.0100pay 0.0050% / 4h1h 43m$3.3M$217K10x
ShortExtended NAORIS-USD0.037440.0104get 0.0013% / 1h43m 07s$4K$150K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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
$0.84
Price spread: +0.010% → −0.165%
$17.53
Slippage, 4 orders
−$508.91
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$507.54
Costs to cover
5.259%
Break-even
4236.5 days
Slippage from Bitget: live order book, 5 min ago; Extended: live order book, 5 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 Bitget live order book, 5 min ago10.68 bp48.4 bp −$48556.5 bp −$5,565doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago20.41 bp349.5 bp −$349doesn't fitdoesn't fitdoesn't fit

NAORIS 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 NAORISUSDT+0.0100%4h0.03734−0.279%$5K$5K5xas long as short
Binance NAORISUSDT+0.0100%4h0.03747+0.073%$5.0M$1.2M10xas long as short
Bybit NAORISUSDT+0.0100%4h0.03738−0.160%$1.1M$386K20xas long as short
Gate NAORIS_USDT+0.0100%4h0.03735−0.240%$291K$13K20xas long as short
MEXC NAORIS_USDT+0.0100%4h0.03747+0.080%$4.4M$214K100xas long as short
Bitget NAORISUSDTlong+0.0100%4h0.03744long leg$3.3M$217K10x
Variational Omni NAORIS+0.0100%4h0.03728−0.418%$76K$24Kas long as short
Extended NAORIS-USDshort+0.0104%1h0.03744+0.010%$4K$150K5x
BingX NAORIS-USDT+0.0108%4h0.03737−0.187%$1.3Mas long as short
BloFin NAORIS-USDT+0.0118%4h0.03746+0.053%$290K$11K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NAORISUSDTM+0.0550%4h0.03739−0.134%$440K$27K10xas long as short