Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h +0.060%

Price spread now: tradeXYZ against Gate−0.119%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.262%+$26 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.119%, 7d avg −0.118%

Together, before fees+0.254%+ Points / potential airdroptradeXYZ: Active · farm board+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.118%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.262%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOK_USDT	10.903	0.0159	pay 0.0159% / 8h	1h 52m	$945K	$1.0M	50x
Short	tradeXYZ xyz:NOK	10.890	0.0085	get 0.0011% / 1h	52m 58s	$4.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.119%Rate

Funding earned: −$15.6
Price spread: −0.119% → −0.118%: −$0.13
Slippage, 4 orders: −$62.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$111.63
Costs to cover: 0.959%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; tradeXYZ: live order book, 4 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, 4 min ago	4.12 bp	28.9 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	1.84 bp	15.3 bp −$15	26.8 bp −$268	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	10.906	+0.031%	$66K	$7K	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.903	0.000%	$1.2M	$1.3M	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.934	+0.284%	$1.5M	$580K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.918	+0.136%	$3K	$129K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.890	−0.119%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.950	+0.431%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.900	−0.028%	$1.6M	$588K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.890	−0.119%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.880	−0.211%	—	—	10x	as long as short
Variational Omni NOK	+0.0069%	8h	10.913	+0.093%	$131K	$117K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NOKshort	+0.0085%	1h	10.890	−0.119%	$4.3M	$1.2M	10x
KuCoin NOKUSDTM	+0.0100%	8h	10.910	+0.064%	$297K	$435K	20x	as long as short
Gate NOK_USDTlong	+0.0159%	8h	10.903	long leg	$945K	$1.0M	50x
Extended NOK-USD	+0.0216%	1h	10.903	−0.001%	$37K	$162K	10x	as long as short
MEXC NOKSTOCK_USDT	+0.0216%	8h	10.890	−0.119%	$1.5M	$115K	50x	as long as short
Binance NOKUSDT	+0.0217%	8h	10.905	+0.018%	$7.3M	$9.6M	20x	as long as short