Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

NOK

RWAAll NOK markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitNOKIAUSDT
10.132+0.0059pay 0.0059% / 8h7h 13m$373K$87K25xLong Bybit
SHORT
Variational OmniNOK
10.13900.0000% / 8h7h 13m$87K$31K20xShort Variational Omni+15% pts
Price gap+0.068%
Funding gap−0.0059% /8h

The gap pays +$7 on $10k if it goes back to zero (no 7-day history yet), but funding costs $2 a day and eats that in about 3.9 days. At the last 7 days' pace that is about 31 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$37−0.0059% /8h now · paid −0.371% over the last 7D
Price—spread +0.068% now · no price history on both exchanges yet
Costs−$2712.714% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both price histories

Price and funding

1h · loading 5m…
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.068%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

NOK on 18 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size102.0 / 40.0 bp
    At $10k entering Bybit costs 102.0 bp, fee and slippage, 2.6× Variational Omni’s.
  • Note: Margin at max leverage$400 + $500
    Bybit 25x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$1.76Long Bybit: 3 payments, −$1.76; short Variational Omni: 3 payments, $0.00.
  • Note: No 7-day spread history+0.068%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$87K vs $373K OI
    Variational Omni sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points
    Volume here counts toward the points program.
  • Watch: KYCBybit Yes · Variational Omni No
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0177%/8h × 21 periods−$37.08
Price spread+0.068% → 0+$6.78
Slippage, 4 orderslive order books−$260.43
Fee Bybit bp × 2 orders−$11.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$301.73
Costs to cover2.714%Break-evennever at this rate
Slippage: Bybit: live order book, 19 min ago; Variational Omni: RFQ quote, 24 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit4.43102.0 bp−$102149.4 bp−$1,494doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni12.6940.0 bp−$4067.3 bp−$673doesn’t fitdoesn’t fit

Closing costs about the same again.

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