Funding arb · Price arb /

NOK

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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 −0.027%

Price spread now: GRVT against Bitget−0.428%93s7-day average −0.315% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1181.182% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 3 days (all we have)+0.317%+$32 · spread now −0.428%, 7d avg −0.315%

Together, before fees+0.099%+ Points / potential airdropGRVT: Active · farm board+$10 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: GRVT is 0.113% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.315%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOKSTOCKUSDT	11.038	0	get 0.0000% / 8h	7h 51m	$1.5M	$567K	20x
Short	GRVT NOK_USDT_Perp	10.991	0	get 0.0000% / 8h	7h 51m	$3K	$160K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee BitgetbpFee GRVTbpOrdersPrice spread, now −0.428%Rate

Funding earned: $0
Price spread: −0.428% → −0.315%: −$11.31
Slippage, 4 orders: −$97.22
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$129.54
Costs to cover: 1.182%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; GRVT: live order book, 16 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 Bitget live order book, 5 min ago	9.08 bp	19.5 bp −$20	22.0 bp −$220	doesn't fit	doesn't fit
Sell GRVT live order book, 16 min ago	9.12 bp	15.8 bp −$16	75.2 bp −$752	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	11.047	+0.081%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.038	−0.003%	$37K	$203K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.036	−0.021%	$7.5M	$8.7M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.037	−0.009%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.030	−0.072%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDTlong	0.0000%	8h	11.038	long leg	$1.5M	$567K	20x
Variational Omni NOK	0.0000%	8h	11.014	−0.222%	$70K	$55K	—	as long as short
GRVT NOK_USDT_Perpshort	0.0000%	8h	10.991	−0.428%	$3K	$160K	10x
SunX NOK-USDT	0.0000%	8h	11.040	+0.018%	$1K	$1.5M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	11.010	−0.254%	$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	11.040	+0.018%	$1.6M	$518K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.039	+0.009%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.030	−0.072%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.040	+0.018%	$301K	$282K	20x	as long as short
Gate NOK_USDT	+0.0259%	8h	11.046	+0.072%	$990K	$994K	50x	as long as short
tradeXYZ xyz:NOK	+0.0842%	1h	11.036	−0.018%	$4.3M	$1.0M	10x	as long as short