Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Bitget against Gate+0.100%7-day average +0.177% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1161.161% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 4 days (all we have)−0.275%−$27 · spread now +0.100%, 7d avg +0.177%

Together, before fees−0.170%−$17 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: Bitget is 0.077% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.177%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOK_USDT	11.016	0	get 0.0000% / 8h	4h 00m	$964K	$994K	50x
Short	Bitget NOKSTOCKUSDT	11.027	0	get 0.0000% / 8h	4h 00m	$1.5M	$609K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.177%: −$7.72
Slippage, 4 orders: −$89.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$123.86
Costs to cover: 1.161%
Break-even: never at this rate

Slippage from Gate: live order book, 42 min ago; Bitget: 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 Gate live order book, 42 min ago	0.45 bp	24.6 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	6.35 bp	36.4 bp −$36	75.3 bp −$753	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	11.011	−0.044%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.003	−0.118%	$39K	$166K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.006	−0.093%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.011	−0.045%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDTlong	0.0000%	8h	11.016	long leg	$964K	$994K	50x
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	−0.054%	$1.6M	$114K	50x	as long as short
Bitget NOKSTOCKUSDTshort	0.0000%	8h	11.027	+0.100%	$1.5M	$609K	20x
Variational Omni NOK	0.0000%	8h	11.003	−0.117%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.010	−0.054%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.000	−0.145%	$972	$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	11.010	−0.054%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.000	−0.145%	$1.6M	$545K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.000	−0.145%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.000	−0.145%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	11.006	−0.091%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	−0.054%	$301K	$397K	20x	as long as short