Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0334%/8h= +36.6% APRpaid last 24h +0.041%

Price spread now: tradeXYZ against KuCoin+0.082%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2482.485% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$17 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.082%, 7d avg −0.018%

Together, before fees+0.140%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and tradeXYZ is 0.101% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.018%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.165% in total (about 8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOKUSDTM	10.930	0.0100	pay 0.0100% / 8h	2h 07m	$298K	$430K	20x
Short	tradeXYZ xyz:NOK	10.939	0.0434	get 0.0054% / 1h	7m 25s	$4.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.082%Rate

Funding earned: $70.23
Price spread: +0.082% → −0.018%: $10.08
Slippage, 4 orders: −$218.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$168.15
Costs to cover: 2.485%
Break-even: 23.8 days

Slippage from KuCoin: live order book, 51 min ago; tradeXYZ: live order book, 11 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 KuCoin live order book, 51 min ago	9.15 bp	103.0 bp −$103	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	3.20 bp	18.1 bp −$18	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	10.944	+0.130%	$67K	$7K	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.954	+0.220%	$1.2M	$1.3M	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.939	+0.082%	$1.5M	$595K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.934	+0.034%	$3K	$131K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.940	+0.091%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.970	+0.366%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.950	+0.183%	$1.6M	$586K	10x	as long as short
Variational Omni NOK	+0.0009%	8h	10.943	+0.120%	$131K	$117K	—	as long as short
Lighter NOK	+0.0032%	1h	10.919	−0.101%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.920	−0.091%	—	—	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOKUSDTMlong	+0.0100%	8h	10.930	long leg	$298K	$430K	20x
Gate NOK_USDT	+0.0159%	8h	10.954	+0.220%	$954K	$1.0M	50x	as long as short
Extended NOK-USD	+0.0168%	1h	10.943	+0.122%	$38K	$160K	10x	as long as short
MEXC NOKSTOCK_USDT	+0.0168%	8h	10.930	0.000%	$1.5M	$118K	50x	as long as short
Binance NOKUSDT	+0.0172%	8h	10.947	+0.156%	$7.3M	$9.6M	20x	as long as short
tradeXYZ xyz:NOKshort	+0.0434%	1h	10.939	+0.082%	$4.3M	$1.2M	10x