NOK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0091%/8h= −10.0% APRnext payment −$0.91 per $10,000 · paid last 24h −0.016%

Price spread now: Phemex against Gate−0.073%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$2112.106% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now −0.073%, 7d avg −0.106%

Together, before fees−0.308%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.033% dearer against Gate than usual: you sell high and buy low (spread −0.073% now, against its 7-day average of −0.106%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOK_USDT	10.968	0.0091	pay 0.0091% / 8h	2h 51m	$952K	$995K	50x
Short	Phemex NOKUSDT	10.960	0	get 0.0000% / 8h	2h 51m	$1.6M	$570K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$19.11
Price spread: −0.073% → −0.106%: $3.34
Slippage, 4 orders: −$183.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$226.36
Costs to cover: 2.106%
Break-even: never at this rate

Slippage from Gate: live order book, 11 min ago; Phemex: live order book, 2 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	5.49 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	13.69 bp	71.2 bp −$71	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
Aster NOKUSDT	0.0000%	8h	10.939	−0.261%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.957	−0.100%	$42K	$165K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.960	−0.073%	$7.3M	$9.4M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.959	−0.082%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.940	−0.255%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.961	−0.064%	$1.5M	$592K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.943	−0.227%	$135K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.945	−0.210%	$3K	$137K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.950	−0.164%	$887	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.930	−0.346%	$9K	$5K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NOKUSDTshort	0.0000%	8h	10.960	−0.073%	$1.6M	$570K	10x
Lighter NOK	+0.0032%	1h	10.919	−0.447%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.920	−0.438%	—	—	10x	as long as short
Gate NOK_USDTlong	+0.0091%	8h	10.968	long leg	$952K	$995K	50x
KuCoin NOKUSDTM	+0.0100%	8h	10.930	−0.346%	$299K	$420K	20x	as long as short
tradeXYZ xyz:NOK	+0.0829%	1h	10.936	−0.292%	$4.3M	$1.2M	10x	as long as short