Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%

Price spread now: Extended against Gate−0.213%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1381.381% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.213%, 7d avg −0.128%

Together, before fees+0.137%+ Points / potential airdropExtended: Active · farm board+$14 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: Extended is 0.085% 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 −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOK_USDT	11.037	0	get 0.0000% / 8h	7h 38m	$990K	$997K	50x
Short	Extended NOK-USD	11.014	0	get 0.0000% / 1h	38m 31s	$41K	$253K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.213%Rate

Funding earned: $0
Price spread: −0.213% → −0.128%: −$8.46
Slippage, 4 orders: −$118.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$146.54
Costs to cover: 1.381%
Break-even: never at this rate

Slippage from Gate: live order book, 18 min ago; Extended: live order book, 33 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, 18 min ago	4.09 bp	63.9 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 33 min ago	7.76 bp	22.4 bp −$22	127.4 bp −$1,274	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	11.022	−0.140%	$67K	$7K	20x	as long as short
Extended NOK-USDshort	0.0000%	1h	11.014	−0.213%	$41K	$253K	10x
Binance NOKUSDT	0.0000%	8h	11.010	−0.245%	$7.5M	$8.6M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.025	−0.109%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDTlong	0.0000%	8h	11.037	long leg	$990K	$997K	50x
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	−0.245%	$1.6M	$114K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.036	−0.009%	$1.5M	$568K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.033	−0.034%	$71K	$55K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.020	−0.154%	$4K	$158K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.020	−0.154%	$1K	$1.5M	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	−0.245%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.010	−0.245%	$1.6M	$514K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.029	−0.072%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.030	−0.063%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.040	+0.027%	$302K	$289K	20x	as long as short
tradeXYZ xyz:NOK	+0.0212%	1h	11.029	−0.072%	$4.3M	$982K	10x	as long as short