Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against GRVT+0.091%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$2012.013% of the position

Long on GRVT Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.091%, 7d avg −0.009%

Together, before fees−0.137%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.100% dearer against GRVT than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NOK_USDT_Perp	11.040	0	get 0.0000% / 8h	7h 05m	$3K	$155K	10x
Short	Phemex NOKUSDT	11.050	0	get 0.0000% / 8h	7h 05m	$1.6M	$530K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → −0.009%: $9.96
Slippage, 4 orders: −$180.31
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$191.35
Costs to cover: 2.013%
Break-even: never at this rate

Slippage from GRVT: live order book, 62 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 GRVT live order book, 62 min ago	9.12 bp	36.5 bp −$37	88.8 bp −$888	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	4.53 bp	78.1 bp −$78	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	11.047	+0.068%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.043	+0.025%	$41K	$167K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.046	+0.052%	$7.6M	$8.8M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.061	+0.191%	$1.2M	$1.3M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.061	+0.191%	$991K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.040	0.000%	$1.6M	$116K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.074	+0.308%	$1.5M	$589K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.043	+0.027%	$137K	$121K	—	as long as short
GRVT NOK_USDT_Perplong	0.0000%	8h	11.040	long leg	$3K	$155K	10x
SunX NOK-USDT	0.0000%	8h	11.050	+0.091%	$1K	$1.5M	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	11.040	0.000%	$9K	$5K	10x	as long as short
Phemex NOKUSDTshort	0.0000%	8h	11.050	+0.091%	$1.6M	$530K	10x
Lighter NOK	+0.0032%	1h	11.050	+0.091%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.050	+0.091%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0059%	1h	11.050	+0.091%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.060	+0.182%	$302K	$308K	20x	as long as short