Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.009%

Price spread now: KuCoin against Extended−0.006%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2142.144% of the position

Long on Extended Short on KuCoin

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)−0.073%−$7 · spread now −0.006%, 7d avg +0.027%

Together, before fees−0.017%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.033% cheaper against Extended than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.027%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.056% in total) that is about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NOK-USD	11.031	0	get 0.0000% / 1h	50m 12s	$38K	$212K	10x
Short	KuCoin NOKUSDTM	11.030	0.0100	get 0.0100% / 8h	7h 50m	$301K	$283K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.006%Rate

Funding earned: $21
Price spread: −0.006% → +0.027%: −$3.29
Slippage, 4 orders: −$197.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$196.72
Costs to cover: 2.144%
Break-even: 72.6 days

Slippage from Extended: live order book, 21 min ago; KuCoin: live order book, 1 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, 21 min ago	7.76 bp	20.3 bp −$20	140.5 bp −$1,405	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	4.53 bp	109.8 bp −$110	doesn't fit	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	11.036	+0.051%	$67K	$7K	20x	as long as short
Extended NOK-USDlong	0.0000%	1h	11.031	long leg	$38K	$212K	10x
Binance NOKUSDT	0.0000%	8h	11.033	+0.023%	$7.5M	$8.7M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.027	−0.033%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	−0.097%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.037	+0.058%	$1.5M	$567K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.023	−0.067%	$71K	$55K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.020	−0.097%	$3K	$160K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.030	−0.006%	$1K	$1.5M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	11.030	−0.006%	$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	11.030	−0.006%	$1.6M	$518K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.029	−0.015%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.030	−0.006%	—	—	10x	as long as short
KuCoin NOKUSDTMshort	+0.0100%	8h	11.030	−0.006%	$301K	$283K	20x
Gate NOK_USDT	+0.0130%	8h	11.039	+0.076%	$990K	$995K	50x	as long as short
tradeXYZ xyz:NOK	+0.0697%	1h	11.035	+0.039%	$4.3M	$1.0M	10x	as long as short