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

NOK

RWAall NOK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.003%
Price spread now: KuCoin against Bitget+0.018%7-day average −0.283% · you sell dearer than you buy
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$2202.202% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.018%, 7d avg −0.283%
Together, before fees−0.038%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.301% dearer against Bitget than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.283%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NOKSTOCKUSDT11.0380get 0.0000% / 8h7h 51m$1.5M$567K20x
ShortKuCoin NOKUSDTM11.0400.0100get 0.0100% / 8h7h 51m$301K$282K20x

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
Price spread: +0.018% → −0.283%
$30.13
Slippage, 4 orders
−$196.21
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$169.08
Costs to cover
2.202%
Break-even
63.4 days
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 69 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, 5 min ago9.08 bp19.5 bp −$2022.0 bp −$220doesn't fitdoesn't fit
Sell KuCoin live order book, 69 min ago4.56 bp88.7 bp −$89doesn't fitdoesn't fitdoesn't fit

NOK on 16 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
Aster NOKUSDT0.0000%8h11.047+0.081%$67K$7K20xas long as short
Extended NOK-USD0.0000%1h11.038−0.003%$37K$203K10xas long as short
Binance NOKUSDT0.0000%8h11.036−0.021%$7.5M$8.7M20xas long as short
OKX NOK-USDT-SWAP0.0000%8h11.037−0.009%$1.2M$1.2M20xas long as short
MEXC NOKSTOCK_USDT0.0000%8h11.030−0.072%$1.6M$113K50xas long as short
Bitget NOKSTOCKUSDTlong0.0000%8h11.038long leg$1.5M$567K20x
Variational Omni NOK0.0000%8h11.014−0.222%$70K$55Kas long as short
GRVT NOK_USDT_Perp0.0000%8h10.991−0.428%$3K$160K10xas long as short
SunX NOK-USDT0.0000%8h11.040+0.018%$1K$1.5M10xas long as short
HTX NOK-USDT0.0000%8h11.010−0.254%$9K$5K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex NOKUSDT0.0000%8h11.040+0.018%$1.6M$518K10xas long as short
Lighter NOK+0.0032%1h11.039+0.009%10xas long as short
Vest NOK-PERP+0.0046%1h11.030−0.072%10xas long as short
KuCoin NOKUSDTMshort+0.0100%8h11.040+0.018%$301K$282K20x
Gate NOK_USDT+0.0259%8h11.046+0.072%$990K$994K50xas long as short
tradeXYZ xyz:NOK+0.0842%1h11.036−0.018%$4.3M$1.0M10xas long as short