Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.037%

Price spread now: SunX against Binance−0.271%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$254as in the Price arb table

costs, in and out, $10k−$2342.339% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 2 days (all we have)+0.234%+$23 · spread now −0.271%, 7d avg −0.075%

Together, before fees+0.109%+$11 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: SunX is 0.197% cheaper against Binance than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOKUSDT	11.050	0	get 0.0000% / 8h	7h 52m	$7.6M	$8.7M	20x
Short	SunX NOK-USDT	11.020	0	get 0.0000% / 8h	7h 52m	$1K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee SunXbpOrdersPrice spread, now −0.271%Rate

Funding earned: $0
Price spread: −0.271% → −0.075%: −$19.7
Slippage, 4 orders: −$215.92
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$253.61
Costs to cover: 2.339%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; SunX: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 1 min ago	4.54 bp	18.3 bp −$18	54.8 bp −$548	228.4 bp −$22.8K	doesn't fit
Sell SunX live order book, 12 min ago	50.16 bp	102.0 bp −$102	doesn't fit	doesn't fit	doesn't fit

NOK on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NOKUSDT	0.0000%	8h	11.036	−0.126%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.028	−0.203%	$37K	$202K	10x	as long as short
Binance NOKUSDTlong	0.0000%	8h	11.050	long leg	$7.6M	$8.7M	20x
OKX NOK-USDT-SWAP	0.0000%	8h	11.043	−0.063%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	−0.271%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.037	−0.118%	$1.5M	$567K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.014	−0.330%	$70K	$55K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.991	−0.536%	$3K	$160K	10x	as long as short
SunX NOK-USDTshort	0.0000%	8h	11.020	−0.271%	$1K	$1.5M	10x
HTX NOK-USDT	0.0000%	8h	11.010	−0.362%	$9K	$5K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NOKUSDT	0.0000%	8h	11.030	−0.181%	$1.6M	$519K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.009	−0.371%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.020	−0.271%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.030	−0.181%	$301K	$282K	20x	as long as short
Gate NOK_USDT	+0.0289%	8h	11.043	−0.063%	$990K	$993K	50x	as long as short
tradeXYZ xyz:NOK	+0.0939%	1h	11.044	−0.054%	$4.3M	$1.0M	10x	as long as short