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

NAORIS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0420%/8h= −46.0% APRpaid last 24h −0.151%
Price spread now: Bitget against Extended−0.116%7-day average +0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$604as in the Funding arb table
Net, price: spread back to 7d avg − costs−$595as in the Price arb table
costs, in and out, $10k−$5675.672% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.366%−$37 on $10k
Price spread, last 4 days (all we have)+0.316%+$32 · spread now −0.116%, 7d avg +0.162%
Together, before fees−0.051%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bitget is 0.279% cheaper against Extended than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.162%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended NAORIS-USD0.036780.0520pay 0.0065% / 1h8m 52s$4K$110K5x
ShortBitget NAORISUSDT0.036740.0100get 0.0050% / 4h8m 52s$3.3M$216K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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
−$88.2
Price spread: −0.116% → +0.162%
−$27.87
Slippage, 4 orders
−$550.17
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$683.24
Costs to cover
5.672%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; Bitget: live order book, 4 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 Extended live order book, 1 min ago20.19 bp92.1 bp −$92874.2 bp −$8,742doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago13.59 bp67.3 bp −$67516.7 bp −$5,167doesn'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%4h0.03663−0.426%$1.1M$509K20xas long as short
Gate NAORIS_USDT+0.0100%4h0.03675−0.089%$286K$19K20xas long as short
KuCoin NAORISUSDTM+0.0100%4h0.03662−0.443%$441K$26K10xas long as short
Bitget NAORISUSDTshort+0.0100%4h0.03674−0.116%$3.3M$216K10x
Variational Omni NAORIS+0.0100%4h0.03673−0.145%$75K$24Kas long as short
Aster NAORISUSDT+0.0262%4h0.03679+0.009%$5K$5K5xas long as short
BloFin NAORIS-USDT+0.0501%4h0.03677−0.035%$280K$10K10xas long as short
BingX NAORIS-USDT+0.0518%4h0.03677−0.035%$1.3Mas long as short
Extended NAORIS-USDlong+0.0520%1h0.03678long leg$4K$110K5x
Binance NAORISUSDT+0.0523%4h0.03679+0.019%$4.9M$1.3M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NAORIS_USDT+0.0526%4h0.03682+0.101%$4.3M$215K100xas long as short