Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against HTX−0.093%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 Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.093% cheaper against HTX than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NOK-USDT	10.750	0	get 0.0000% / 8h	7h 44m	$9K	$6K	10x
Short	Phemex NOKUSDT	10.740	0	get 0.0000% / 8h	7h 44m	$1.6M	$633K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → 0.000%: −$9.3
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$33.3
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Phemex: live order book, 4 min ago. 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 Phemex live order book, 4 min ago	23.25 bp	107.7 bp −$108	doesn't fit	doesn't fit	doesn't fit

HTX: 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	−0.0536%	8h	10.782	+0.298%	$1.5M	$587K	20x	as long as short
Vest NOK-PERP	−0.0008%	1h	10.710	−0.372%	—	—	10x	as long as short
Aster NOKUSDT	0.0000%	8h	10.720	−0.279%	$65K	$7K	20x	as long as short
SunX NOK-USDT	0.0000%	8h	10.720	−0.279%	$1K	$1.2M	10x	as long as short
HTX NOK-USDTlong	0.0000%	8h	10.750	long leg	$9K	$6K	10x
Phemex NOKUSDTshort	0.0000%	8h	10.740	−0.093%	$1.6M	$633K	10x
Lighter NOK	+0.0032%	1h	10.730	−0.186%	—	—	10x	as long as short
OKX NOK-USDT-SWAP	+0.0060%	8h	10.744	−0.056%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	+0.0089%	8h	10.755	+0.047%	$935K	$1.0M	50x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.730	−0.186%	$293K	$440K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NOK_USDT_Perp	+0.0240%	8h	10.737	−0.117%	$3K	$112K	10x	as long as short
tradeXYZ xyz:NOK	+0.0281%	1h	10.733	−0.158%	$4.4M	$1.4M	10x	as long as short
Variational Omni NOK	+0.0287%	8h	10.723	−0.249%	$129K	$118K	—	as long as short
MEXC NOKSTOCK_USDT	+0.0535%	8h	10.740	−0.093%	$1.5M	$118K	50x	as long as short
Extended NOK-USD	+0.0536%	1h	10.745	−0.042%	$36K	$281K	10x	as long as short
Binance NOKUSDT	+0.0536%	8h	10.746	−0.040%	$7.2M	$10.2M	20x	as long as short