Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against GRVT−0.023%48s7-day average — · you buy dearer than you sell

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

Long on GRVT 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 airdropGRVT: Active · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.023% cheaper against GRVT than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2.4 days of funding at the current rate (+$1 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NOK_USDT_Perp	11.012	0	get 0.0000% / 8h	4h 20m	$3K	$146K	10x
Short	Lighter NOK	11.009	0.0032	get 0.0004% / 1h	20m 39s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now −0.023%Rate

Funding earned: $6.72
Price spread: −0.023% → 0.000%: −$2.3
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.58
Costs to cover: 0.090%
Break-even: 11.8 days

Slippage unknown: GRVT: live order book, 32 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 GRVT live order book, 32 min ago	9.09 bp	38.1 bp −$38	136.8 bp −$1,368	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 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	11.016	+0.038%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.011	−0.009%	$37K	$168K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.013	+0.009%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.011	−0.005%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.023	+0.104%	$965K	$992K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	−0.014%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.028	+0.150%	$1.5M	$594K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.003	−0.078%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perplong	0.0000%	8h	11.012	long leg	$3K	$146K	10x
SunX NOK-USDT	0.0000%	8h	11.010	−0.014%	$329	$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
HTX NOK-USDT	0.0000%	8h	11.000	−0.105%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.010	−0.014%	$1.6M	$543K	10x	as long as short
Lighter NOKshort	+0.0032%	1h	11.009	−0.023%	—	—	10x
Vest NOK-PERP	+0.0046%	1h	11.010	−0.014%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	11.014	+0.022%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	−0.014%	$301K	$389K	20x	as long as short