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

NAORIS

all NAORIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.52 per $10,000 · paid last 24h −0.006%
Price spread now: KuCoin against Bitget−0.458%7-day average −0.451% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,362as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,362as in the Price arb table
costs, in and out, $10k−$1,36113.611% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.458%, 7d avg −0.451%
Together, before fees−0.049%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.451%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NAORISUSDT0.037150.0100pay 0.0050% / 4h2h 55m$3.3M$211K10x
ShortKuCoin NAORISUSDTM0.036980.0204get 0.0102% / 4h2h 55m$436K$28K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$21.84
Price spread: −0.458% → −0.451%
−$0.68
Slippage, 4 orders
−$1,337.12
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,339.96
Costs to cover
13.611%
Break-even
436.5 days
Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 3 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, 2 min ago18.83 bp36.9 bp −$37531.0 bp −$5,310doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago107.12 bp648.9 bp −$649doesn'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
Bybit NAORISUSDT+0.0100%4h0.03704−0.296%$1.1M$454K20xas long as short
Gate NAORIS_USDT+0.0100%4h0.03695−0.538%$288K$13K20xas long as short
Bitget NAORISUSDTlong+0.0100%4h0.03715long leg$3.3M$211K10x
Variational Omni NAORIS+0.0100%4h0.03705−0.260%$76K$24Kas long as short
Aster NAORISUSDT+0.0178%4h0.03705−0.266%$5K$5K5xas long as short
KuCoin NAORISUSDTMshort+0.0204%4h0.03698−0.458%$436K$28K10x
BloFin NAORIS-USDT+0.0315%4h0.03714−0.027%$288K$10K10xas long as short
Binance NAORISUSDT+0.0359%4h0.03709−0.166%$5.0M$1.2M10xas long as short
Extended NAORIS-USD+0.0360%1h0.03700−0.404%$7K$154K5xas long as short
MEXC NAORIS_USDT+0.0360%4h0.03710−0.135%$4.4M$213K100xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX NAORIS-USDT+0.0390%4h0.03703−0.323%$1.3Mas long as short