Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0414%/8h= −45.3% APRpaid last 24h —

Price spread now: Lighter against Gate−0.353%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Lighter is 0.353% cheaper against Gate than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOK_USDT	10.753	0.0446	pay 0.0446% / 8h	4h 48m	$919K	$846K	50x
Short	Lighter NOK	10.715	0.0032	get 0.0004% / 1h	48m 19s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.353%Rate

Funding earned: −$86.94
Price spread: −0.353% → 0.000%: −$35.34
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$137.28
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 57 min ago; Lighter: no order-book sample. 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 Gate live order book, 57 min ago	5.54 bp	30.5 bp −$30	273.1 bp −$2,731	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOK on 16 exchanges

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	10.735	−0.170%	$65K	$7K	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.770	+0.158%	$1.5M	$443K	20x	as long as short
SunX NOK-USDT	0.0000%	8h	10.750	−0.028%	$1K	$937K	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.770	+0.158%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.750	−0.028%	$1.6M	$639K	10x	as long as short
Vest NOK-PERP	+0.0002%	1h	10.700	−0.493%	—	—	10x	as long as short
Lighter NOKshort	+0.0032%	1h	10.715	−0.353%	—	—	10x
KuCoin NOKUSDTM	+0.0100%	8h	10.740	−0.121%	$294K	$461K	20x	as long as short
GRVT NOK_USDT_Perp	+0.0244%	8h	10.760	+0.067%	$3K	$95K	10x	as long as short
OKX NOK-USDT-SWAP	+0.0286%	8h	10.754	+0.009%	$1.2M	$1.2M	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOK_USDTlong	+0.0446%	8h	10.753	long leg	$919K	$846K	50x
tradeXYZ xyz:NOK	+0.0529%	1h	10.722	−0.288%	$4.6M	$1.3M	10x	as long as short
Variational Omni NOK	+0.0566%	8h	10.752	−0.008%	$129K	$118K	—	as long as short
MEXC NOKSTOCK_USDT	+0.0838%	8h	10.730	−0.214%	$1.5M	$116K	50x	as long as short
Extended NOK-USD	+0.0840%	1h	10.746	−0.066%	$36K	$277K	10x	as long as short
Binance NOKUSDT	+0.0842%	8h	10.740	−0.121%	$7.4M	$10.3M	20x	as long as short