Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0516%/8h= +56.5% APRpaid last 24h —

Price spread now: Gate against Lighter+0.374%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 Gate

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

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Gate is 0.374% dearer against Lighter than usual: you sell high and buy low: +$37 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	10.684	0.0032	pay 0.0004% / 1h	8m 41s	—	—	10x
Short	Gate NOK_USDT	10.724	0.0548	get 0.0548% / 8h	4h 08m	$919K	$862K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.374%Rate

Funding earned: $108.36
Price spread: +0.374% → 0.000%: $37.44
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $130.8
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Gate: live order book, 31 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 Gate live order book, 31 min ago	4.19 bp	33.3 bp −$33	277.6 bp −$2,776	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 exchanges

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
Vest NOK-PERP	−0.0005%	1h	10.690	+0.056%	—	—	10x	as long as short
Aster NOKUSDT	0.0000%	8h	10.730	+0.431%	$65K	$7K	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.745	+0.571%	$1.6M	$505K	20x	as long as short
SunX NOK-USDT	0.0000%	8h	10.720	+0.337%	$1K	$872K	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.750	+0.618%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.720	+0.337%	$1.6M	$643K	10x	as long as short
Lighter NOKlong	+0.0032%	1h	10.684	long leg	—	—	10x
KuCoin NOKUSDTM	+0.0100%	8h	10.710	+0.243%	$293K	$475K	20x	as long as short
GRVT NOK_USDT_Perp	+0.0323%	8h	10.739	+0.516%	$3K	$96K	10x	as long as short
OKX NOK-USDT-SWAP	+0.0381%	8h	10.720	+0.337%	$1.2M	$1.2M	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOK_USDTshort	+0.0548%	8h	10.724	+0.374%	$919K	$862K	50x
tradeXYZ xyz:NOK	+0.0581%	1h	10.702	+0.168%	$4.8M	$1.4M	10x	as long as short
Variational Omni NOK	+0.0710%	8h	10.732	+0.450%	$129K	$118K	—	as long as short
MEXC NOKSTOCK_USDT	+0.0966%	8h	10.700	+0.150%	$1.5M	$118K	50x	as long as short
Binance NOKUSDT	+0.0966%	8h	10.710	+0.243%	$7.5M	$10.3M	20x	as long as short
Extended NOK-USD	+0.0968%	1h	10.706	+0.207%	$41K	$272K	10x	as long as short