Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0560%/8h= +61.3% APRnext payment +$0.70 per $10,000 · paid last 24h —

Price spread now: Extended against Lighter+0.218%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Extended

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 · Extended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Extended is 0.218% dearer against Lighter than usual: you sell high and buy low: +$22 more if the spread 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	Lighter NOK	10.664	0.0032	pay 0.0004% / 1h	28m 52s	—	—	10x
Short	Extended NOK-USD	10.687	0.0592	get 0.0074% / 1h	28m 52s	$39K	$282K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now +0.218%Rate

Funding earned: $117.6
Price spread: +0.218% → 0.000%: $21.82
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $134.42
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Extended: 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 Lighter no order-book sample	—	—	—	—	—
Sell Extended live order book, 3 min ago	7.48 bp	23.0 bp −$23	129.8 bp −$1,298	doesn't fit	doesn't fit

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	−0.0407%	8h	10.715	+0.478%	$1.5M	$576K	20x	as long as short
Vest NOK-PERP	−0.0011%	1h	10.660	−0.038%	—	—	10x	as long as short
Aster NOKUSDT	0.0000%	8h	10.705	+0.387%	$65K	$7K	20x	as long as short
SunX NOK-USDT	0.0000%	8h	10.700	+0.338%	$1K	$1.2M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.720	+0.525%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.690	+0.244%	$1.6M	$649K	10x	as long as short
Lighter NOKlong	+0.0032%	1h	10.664	long leg	—	—	10x
OKX NOK-USDT-SWAP	+0.0089%	8h	10.693	+0.272%	$1.2M	$1.2M	20x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.680	+0.150%	$291K	$440K	20x	as long as short
Gate NOK_USDT	+0.0231%	8h	10.698	+0.319%	$930K	$1.0M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NOK	+0.0295%	1h	10.675	+0.103%	$4.4M	$1.4M	10x	as long as short
GRVT NOK_USDT_Perp	+0.0298%	8h	10.707	+0.404%	$3K	$109K	10x	as long as short
Variational Omni NOK	+0.0330%	8h	10.713	+0.462%	$129K	$118K	—	as long as short
Binance NOKUSDT	+0.0590%	8h	10.683	+0.175%	$7.3M	$10.4M	20x	as long as short
MEXC NOKSTOCK_USDT	+0.0591%	8h	10.680	+0.150%	$1.5M	$119K	50x	as long as short
Extended NOK-USDshort	+0.0592%	1h	10.687	+0.218%	$39K	$282K	10x