Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: Bitget against Extended+0.191%7-day average +0.313% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1121.123% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.191%, 7d avg +0.313%

Together, before fees−0.217%+ Points / potential airdropExtended: Active · farm board−$22 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: Bitget is 0.122% cheaper against Extended than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.313%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NOK-USD	10.928	0	get 0.0000% / 1h	32m 20s	$38K	$202K	10x
Short	Bitget NOKSTOCKUSDT	10.949	0	get 0.0000% / 8h	1h 32m	$1.5M	$576K	20x

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

Position, each leg$Hold fordaysFee ExtendedbpFee BitgetbpOrdersPrice spread, now +0.191%Rate

Funding earned: $0
Price spread: +0.191% → +0.313%: −$12.17
Slippage, 4 orders: −$95.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$124.43
Costs to cover: 1.123%
Break-even: never at this rate

Slippage from Extended: live order book, 49 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 49 min ago	7.78 bp	23.4 bp −$23	122.8 bp −$1,228	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.65 bp	40.7 bp −$41	81.0 bp −$810	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	10.930	+0.018%	$66K	$7K	20x	as long as short
Extended NOK-USDlong	0.0000%	1h	10.928	long leg	$38K	$202K	10x
Binance NOKUSDT	0.0000%	8h	10.930	+0.017%	$7.5M	$8.6M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.936	+0.072%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.942	+0.127%	$985K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.930	+0.017%	$1.5M	$111K	50x	as long as short
Bitget NOKSTOCKUSDTshort	0.0000%	8h	10.949	+0.191%	$1.5M	$576K	20x
Variational Omni NOK	0.0000%	8h	10.934	+0.052%	$70K	$78K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.930	+0.020%	$3K	$164K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.920	−0.074%	$968	$1.6M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOK-USDT	0.0000%	8h	10.910	−0.166%	$9K	$4K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.930	+0.017%	$1.6M	$518K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.934	+0.054%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.940	+0.109%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	10.935	+0.063%	$4.3M	$1.0M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.920	−0.074%	$299K	$267K	20x	as long as short