Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%

Price spread now: Phemex against Extended−0.106%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1751.754% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.106%, 7d avg +0.021%

Together, before fees−0.075%+ Points / potential airdropExtended: Active · farm board−$8 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: Phemex is 0.127% cheaper against Extended than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NOK-USD	10.992	0	get 0.0000% / 1h	48m 29s	$39K	$166K	10x
Short	Phemex NOKUSDT	10.980	0	get 0.0000% / 8h	3h 48m	$1.6M	$546K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → +0.021%: −$12.72
Slippage, 4 orders: −$158.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$188.14
Costs to cover: 1.754%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Phemex: 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, 2 min ago	8.20 bp	23.3 bp −$23	131.8 bp −$1,318	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	4.55 bp	61.9 bp −$62	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	10.976	−0.146%	$67K	$7K	20x	as long as short
Extended NOK-USDlong	0.0000%	1h	10.992	long leg	$39K	$166K	10x
Binance NOKUSDT	0.0000%	8h	10.998	+0.060%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.000	+0.076%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.001	+0.085%	$963K	$981K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.980	−0.106%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.009	+0.158%	$1.5M	$607K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.993	+0.013%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.002	+0.096%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.990	−0.015%	$791	$1.4M	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	10.990	−0.015%	$9K	$5K	10x	as long as short
Phemex NOKUSDTshort	0.0000%	8h	10.980	−0.106%	$1.6M	$546K	10x
Lighter NOK	+0.0032%	1h	10.970	−0.197%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.970	−0.197%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0051%	1h	10.978	−0.124%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.970	−0.197%	$299K	$399K	20x	as long as short