Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: GRVT against Lighter+0.023%78s7-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 GRVT

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 · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.023% dearer against Lighter than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.4 days. The two prices were read 78 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	Lighter NOK	11.009	0.0032	pay 0.0004% / 1h	19m 52s	—	—	10x
Short	GRVT NOK_USDT_Perp	11.012	0	get 0.0000% / 8h	4h 19m	$3K	$146K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$6.72
Price spread: +0.023% → 0.000%: $2.3
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$13.42
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; GRVT: live order book, 33 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 GRVT live order book, 33 min ago	9.09 bp	13.6 bp −$14	110.4 bp −$1,104	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
Aster NOKUSDT	0.0000%	8h	11.017	+0.071%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.013	+0.037%	$37K	$168K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.013	+0.034%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.011	+0.018%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.026	+0.154%	$965K	$992K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	+0.009%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.028	+0.173%	$1.5M	$594K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.003	−0.055%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perpshort	0.0000%	8h	11.012	+0.023%	$3K	$146K	10x
SunX NOK-USDT	0.0000%	8h	11.010	+0.009%	$535	$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-USDT	0.0000%	8h	11.000	−0.082%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.020	+0.100%	$1.6M	$544K	10x	as long as short
Lighter NOKlong	+0.0032%	1h	11.009	long leg	—	—	10x
Vest NOK-PERP	+0.0046%	1h	11.010	+0.009%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	11.016	+0.064%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	+0.009%	$300K	$389K	20x	as long as short