Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.032%

Price spread now: Variational Omni against Extended−0.131%7-day average +0.021% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.047%−$5 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.131%, 7d avg +0.021%

Together, before fees+0.112%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.152% cheaper against Extended than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NOK-USD	10.907	0.0280	pay 0.0035% / 1h	31m 54s	$37K	$159K	10x
Short	Variational Omni NOK	10.893	0.0117	get 0.0117% / 8h	1h 31m	$131K	$117K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.131%Rate

Funding earned: −$34.28
Price spread: −0.131% → +0.021%: −$15.21
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$54.48
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 9 min ago; Variational Omni: RFQ quote, 12 min ago. Net counts fees only.

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, 9 min ago	8.26 bp	22.4 bp −$22	145.9 bp −$1,459	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 12 min ago	21.62 bp	doesn't fit	80.6 bp −$806	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	10.908	+0.004%	$66K	$7K	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.913	+0.052%	$1.2M	$1.3M	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.927	+0.180%	$1.5M	$581K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.897	−0.093%	$3K	$128K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.900	−0.068%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.890	−0.159%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.900	−0.068%	$1.6M	$589K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.890	−0.159%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.880	−0.251%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.900	−0.068%	$298K	$439K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NOKshort	+0.0117%	8h	10.893	−0.131%	$131K	$117K	—
Gate NOK_USDT	+0.0152%	8h	10.910	+0.024%	$944K	$1.0M	50x	as long as short
tradeXYZ xyz:NOK	+0.0186%	1h	10.894	−0.123%	$4.3M	$1.2M	10x	as long as short
MEXC NOKSTOCK_USDT	+0.0275%	8h	10.900	−0.068%	$1.5M	$116K	50x	as long as short
Binance NOKUSDT	+0.0277%	8h	10.910	+0.024%	$7.3M	$9.6M	20x	as long as short
Extended NOK-USDlong	+0.0280%	1h	10.907	long leg	$37K	$159K	10x