Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h —

Price spread now: Lighter against KuCoin+0.091%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread pays, funding is against you. Lighter is 0.091% dearer against KuCoin than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOKUSDTM	10.960	0.0100	pay 0.0100% / 8h	14m 39s	$300K	$280K	20x
Short	Lighter NOK	10.970	0.0032	get 0.0004% / 1h	14m 39s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$14.28
Price spread: +0.091% → 0.000%: $9.12
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.16
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 46 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 KuCoin live order book, 46 min ago	4.56 bp	65.7 bp −$66	doesn't fit	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	10.969	+0.081%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.972	+0.110%	$38K	$202K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.970	+0.091%	$7.5M	$8.6M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.973	+0.119%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.982	+0.201%	$982K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.960	0.000%	$1.6M	$115K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.982	+0.201%	$1.5M	$568K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.973	+0.122%	$71K	$54K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.960	0.000%	$3K	$161K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.970	+0.091%	$909	$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	10.960	0.000%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.970	+0.091%	$1.6M	$519K	10x	as long as short
Lighter NOKshort	+0.0032%	1h	10.970	+0.091%	—	—	10x
Vest NOK-PERP	+0.0046%	1h	10.970	+0.091%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	10.973	+0.119%	$4.3M	$989K	10x	as long as short
KuCoin NOKUSDTMlong	+0.0100%	8h	10.960	long leg	$300K	$280K	20x