NOK

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0320%/8h= −35.0% APRnext payment −$3.20 per $10,000 · paid last 24h +0.020%

Price spread now: OKX against Gate−0.028%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1151.155% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.028%, 7d avg −0.024%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOK_USDT	10.861	0.0418	pay 0.0418% / 8h	6h 58m	$937K	$984K	50x
Short	OKX NOK-USDT-SWAP	10.858	0.0098	get 0.0098% / 8h	6h 58m	$1.2M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$67.12
Price spread: −0.028% → −0.024%: −$0.32
Slippage, 4 orders: −$90.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$182.92
Costs to cover: 1.155%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	7.36 bp	25.4 bp −$25	274.6 bp −$2,746	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.76 bp	41.7 bp −$42	doesn't fit	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	−0.0216%	8h	10.873	+0.110%	$1.5M	$548K	20x	as long as short
Vest NOK-PERP	−0.0009%	1h	10.830	−0.285%	—	—	10x	as long as short
Aster NOKUSDT	0.0000%	8h	10.833	−0.254%	$66K	$7K	20x	as long as short
SunX NOK-USDT	0.0000%	8h	10.830	−0.285%	$951	$1.2M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.860	−0.009%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.850	−0.101%	$1.6M	$656K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.834	−0.249%	—	—	10x	as long as short
OKX NOK-USDT-SWAPshort	+0.0098%	8h	10.858	−0.028%	$1.2M	$1.3M	20x
KuCoin NOKUSDTM	+0.0100%	8h	10.840	−0.193%	$295K	$445K	20x	as long as short
tradeXYZ xyz:NOK	+0.0172%	1h	10.837	−0.221%	$4.5M	$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
GRVT NOK_USDT_Perp	+0.0343%	8h	10.850	−0.101%	$3K	$107K	10x	as long as short
Gate NOK_USDTlong	+0.0418%	8h	10.861	long leg	$937K	$984K	50x
Variational Omni NOK	+0.0446%	8h	10.843	−0.166%	$131K	$118K	—	as long as short
Extended NOK-USD	+0.0688%	1h	10.847	−0.129%	$40K	$280K	10x	as long as short
MEXC NOKSTOCK_USDT	+0.0690%	8h	10.840	−0.193%	$1.5M	$114K	50x	as long as short
Binance NOKUSDT	+0.0691%	8h	10.850	−0.101%	$7.4M	$10.5M	20x	as long as short