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

NAORIS

all NAORIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against BloFin+0.959%61s7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2262.261% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 3 days (all we have)−1.172%−$117 · spread now +0.959%, 7d avg −0.052%
Together, before fees−1.159%−$116 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 1.010% dearer against BloFin than usual: you sell high and buy low: +$101 more if the spread goes back to its 7-day average of −0.052%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NAORIS-USDT0.037010.0461pay 0.0231% / 4h0m 21s$280K$10K10x
ShortBinance NAORISUSDT0.037360.0498get 0.0249% / 4h0m 21s$5.0M$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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
$7.72
Price spread: +0.959% → −0.052%
$101.04
Slippage, 4 orders
−$204.13
Fee BloFin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$117.37
Costs to cover
2.261%
Break-even
113.4 days
Slippage from BloFin: live order book, 6 min ago; Binance: live order book, 7 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 BloFin live order book, 6 min ago5.42 bp37.0 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 7 min ago5.42 bp74.3 bp −$74437.6 bp −$4,376doesn'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%4h0.03733+0.865%$1.1M$501K20xas long as short
Gate NAORIS_USDT+0.0100%4h0.03735+0.919%$291K$19K20xas long as short
KuCoin NAORISUSDTM+0.0100%4h0.03723+0.594%$448K$26K10xas long as short
Bitget NAORISUSDT+0.0100%4h0.03741+1.081%$3.4M$218K10xas long as short
Variational Omni NAORIS+0.0100%4h0.03695−0.162%$76K$24Kas long as short
Aster NAORISUSDT+0.0244%4h0.03728+0.740%$5K$5K5xas long as short
BloFin NAORIS-USDTlong+0.0461%4h0.03701long leg$280K$10K10x
BingX NAORIS-USDT+0.0480%4h0.03740+1.054%$1.3Mas long as short
Extended NAORIS-USD+0.0496%1h0.03734+0.878%$4K$110K5xas long as short
MEXC NAORIS_USDT+0.0498%4h0.03736+0.946%$4.4M$217K100xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NAORISUSDTshort+0.0498%4h0.03736+0.959%$5.0M$1.4M10x