Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.072%

Price spread now: tradeXYZ against HTX+0.118%49s7-day average — · you sell dearer than you buy

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

Long on HTX Short on tradeXYZ

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.118% dearer against HTX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	HTX NOK-USDT	11.000	0	get 0.0000% / 8h	4h 35m	$9K	$5K	10x
Short	tradeXYZ xyz:NOK	11.013	0.0050	get 0.0006% / 1h	35m 31s	$4.2M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.118%Rate

Funding earned: $10.5
Price spread: +0.118% → 0.000%: $11.82
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$7.68
Costs to cover: 0.300%
Break-even: 12.1 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	2.27 bp	13.4 bp −$13	23.1 bp −$231	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
Aster NOKUSDT	0.0000%	8h	11.022	+0.196%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.021	+0.189%	$37K	$168K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.024	+0.218%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.024	+0.218%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.032	+0.291%	$967K	$990K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	+0.182%	$1.6M	$112K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.029	+0.264%	$1.5M	$595K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.023	+0.210%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.020	+0.182%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.020	+0.182%	$909	$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-USDTlong	0.0000%	8h	11.000	long leg	$9K	$5K	10x
Phemex NOKUSDT	0.0000%	8h	11.030	+0.273%	$1.6M	$543K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.009	+0.082%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.020	+0.182%	—	—	10x	as long as short
tradeXYZ xyz:NOKshort	+0.0050%	1h	11.013	+0.118%	$4.2M	$1.1M	10x
KuCoin NOKUSDTM	+0.0100%	8h	11.020	+0.182%	$301K	$381K	20x	as long as short