Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%

Price spread now: GRVT against Extended−0.109%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$830.827% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.109%, 7d avg +0.026%

Together, before fees−0.021%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$2 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 0.135% cheaper against Extended than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NOK-USD	10.957	0	get 0.0000% / 1h	51m 19s	$42K	$165K	10x
Short	GRVT NOK_USDT_Perp	10.945	0	get 0.0000% / 8h	2h 51m	$3K	$137K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → +0.026%: −$13.52
Slippage, 4 orders: −$68.72
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$96.24
Costs to cover: 0.827%
Break-even: never at this rate

Slippage from Extended: live order book, 60 min ago; GRVT: live order book, 56 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, 60 min ago	8.20 bp	23.3 bp −$23	131.8 bp −$1,318	doesn't fit	doesn't fit
Sell GRVT live order book, 56 min ago	9.08 bp	16.9 bp −$17	114.3 bp −$1,143	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	10.938	−0.177%	$67K	$7K	20x	as long as short
Extended NOK-USDlong	0.0000%	1h	10.957	long leg	$42K	$165K	10x
Binance NOKUSDT	0.0000%	8h	10.960	+0.028%	$7.3M	$9.4M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.959	+0.018%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.940	−0.155%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.961	+0.037%	$1.5M	$592K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.943	−0.127%	$135K	$113K	—	as long as short
GRVT NOK_USDT_Perpshort	0.0000%	8h	10.945	−0.109%	$3K	$137K	10x
SunX NOK-USDT	0.0000%	8h	10.950	−0.064%	$887	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.930	−0.246%	$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	10.960	+0.028%	$1.6M	$570K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.914	−0.392%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.920	−0.338%	—	—	10x	as long as short
Gate NOK_USDT	+0.0091%	8h	10.965	+0.073%	$952K	$995K	50x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.930	−0.246%	$299K	$420K	20x	as long as short
tradeXYZ xyz:NOK	+0.0841%	1h	10.936	−0.192%	$4.3M	$1.2M	10x	as long as short