Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.024%

Price spread now: GRVT against Gate−0.055%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1191.188% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 4 days (all we have)−0.235%−$23 · spread now −0.055%, 7d avg −0.095%

Together, before fees−0.363%+ Points / potential airdropGRVT: Active · farm board−$36 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: GRVT is 0.040% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOK_USDT	10.716	0	get 0.0000% / 8h	7h 51m	$933K	$999K	50x
Short	GRVT NOK_USDT_Perp	10.710	0	get 0.0000% / 8h	7h 51m	$3K	$116K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.095%: $3.98
Slippage, 4 orders: −$94.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$114.85
Costs to cover: 1.188%
Break-even: never at this rate

Slippage from Gate: live order book, 11 min ago; GRVT: live order book, 41 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, 11 min ago	4.18 bp	32.5 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 41 min ago	9.28 bp	34.8 bp −$35	105.4 bp −$1,054	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
Bitget NOKSTOCKUSDT	−0.0569%	8h	10.744	+0.261%	$1.5M	$588K	20x	as long as short
Vest NOK-PERP	−0.0006%	1h	10.670	−0.429%	—	—	10x	as long as short
Aster NOKUSDT	0.0000%	8h	10.709	−0.070%	$65K	$7K	20x	as long as short
Gate NOK_USDTlong	0.0000%	8h	10.716	long leg	$933K	$999K	50x
GRVT NOK_USDT_Perpshort	0.0000%	8h	10.710	−0.055%	$3K	$116K	10x
SunX NOK-USDT	0.0000%	8h	10.700	−0.149%	$1K	$1.2M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.720	+0.037%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.720	+0.037%	$1.6M	$631K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.684	−0.299%	—	—	10x	as long as short
OKX NOK-USDT-SWAP	+0.0050%	8h	10.720	+0.037%	$1.2M	$1.2M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOKUSDTM	+0.0100%	8h	10.690	−0.243%	$292K	$441K	20x	as long as short
tradeXYZ xyz:NOK	+0.0249%	1h	10.694	−0.205%	$4.4M	$1.4M	10x	as long as short
Variational Omni NOK	+0.0277%	8h	10.723	+0.067%	$129K	$118K	—	as long as short
MEXC NOKSTOCK_USDT	+0.0503%	8h	10.700	−0.149%	$1.5M	$118K	50x	as long as short
Extended NOK-USD	+0.0504%	1h	10.701	−0.143%	$36K	$281K	10x	as long as short
Binance NOKUSDT	+0.0505%	8h	10.706	−0.098%	$7.2M	$10.2M	20x	as long as short