Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%

Price spread now: SunX against Extended−0.104%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs−$249as in the Price arb table

costs, in and out, $10k−$2452.446% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.104%, 7d avg −0.062%

Together, before fees−0.116%+ Points / potential airdropExtended: Active · farm board−$12 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: SunX is 0.042% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NOK-USD	11.041	0	get 0.0000% / 1h	28m 19s	$41K	$244K	10x
Short	SunX NOK-USDT	11.030	0	get 0.0000% / 8h	7h 28m	$995	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.062%: −$4.19
Slippage, 4 orders: −$231.6
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$248.78
Costs to cover: 2.446%
Break-even: never at this rate

Slippage from Extended: live order book, 43 min ago; SunX: live order book, 6 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, 43 min ago	7.76 bp	20.3 bp −$20	140.5 bp −$1,405	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	49.93 bp	101.4 bp −$101	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	11.045	+0.033%	$67K	$7K	20x	as long as short
Extended NOK-USDlong	0.0000%	1h	11.041	long leg	$41K	$244K	10x
Binance NOKUSDT	0.0000%	8h	11.044	+0.022%	$7.6M	$8.6M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.047	+0.050%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.054	+0.113%	$990K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.040	−0.014%	$1.6M	$114K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.043	+0.014%	$1.5M	$564K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.033	−0.074%	$71K	$55K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.023	−0.166%	$4K	$156K	10x	as long as short
SunX NOK-USDTshort	0.0000%	8h	11.030	−0.104%	$995	$1.5M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOK-USDT	0.0000%	8h	11.010	−0.285%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.040	−0.014%	$1.6M	$515K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.050	+0.077%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.060	+0.168%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.050	+0.077%	$302K	$295K	20x	as long as short
tradeXYZ xyz:NOK	+0.0117%	1h	11.053	+0.104%	$4.3M	$980K	10x	as long as short