Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against HTX−0.195%7-day average — · you buy dearer than you sell

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

Long on HTX 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 airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.195% cheaper against HTX than usual: you would sell low and buy high (spread −0.195% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 20 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NOK-USDT	10.780	0	get 0.0000% / 8h	19m 58s	$9K	$6K	10x
Short	Lighter NOK	10.759	0.0032	get 0.0004% / 1h	19m 58s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.195%Rate

Funding earned: $6.72
Price spread: −0.195% → 0.000%: −$19.48
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$24.76
Costs to cover: 0.120%
Break-even: 32.8 days

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

HTX and 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
Bitget NOKSTOCKUSDT	−0.0380%	8h	10.817	+0.343%	$1.5M	$568K	20x	as long as short
Aster NOKUSDT	0.0000%	8h	10.765	−0.139%	$65K	$7K	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.784	+0.037%	$1.2M	$1.3M	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.791	+0.101%	$3K	$119K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.790	+0.093%	$1K	$1.3M	10x	as long as short
HTX NOK-USDTlong	0.0000%	8h	10.780	long leg	$9K	$6K	10x
Phemex NOKUSDT	0.0000%	8h	10.790	+0.093%	$1.6M	$617K	10x	as long as short
Vest NOK-PERP	+0.0022%	1h	10.750	−0.278%	—	—	10x	as long as short
Lighter NOKshort	+0.0032%	1h	10.759	−0.195%	—	—	10x
KuCoin NOKUSDTM	+0.0100%	8h	10.770	−0.093%	$294K	$446K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOK_USDT	+0.0135%	8h	10.785	+0.046%	$940K	$1.0M	50x	as long as short
Variational Omni NOK	+0.0190%	8h	10.783	+0.029%	$130K	$118K	—	as long as short
tradeXYZ xyz:NOK	+0.0378%	1h	10.765	−0.139%	$4.4M	$1.3M	10x	as long as short
MEXC NOKSTOCK_USDT	+0.0396%	8h	10.770	−0.093%	$1.5M	$120K	50x	as long as short
Binance NOKUSDT	+0.0399%	8h	10.777	−0.027%	$7.2M	$10.0M	20x	as long as short
Extended NOK-USD	+0.0400%	1h	10.775	−0.048%	$39K	$277K	10x	as long as short