Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h —

Price spread now: tradeXYZ against Lighter+0.055%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.055% dearer against Lighter than usual: you sell high and buy low: +$5 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	10.960	0.0032	pay 0.0004% / 1h	41m 03s	—	—	10x
Short	tradeXYZ xyz:NOK	10.966	0.0204	get 0.0025% / 1h	41m 03s	$4.2M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.055%Rate

Funding earned: $36.03
Price spread: +0.055% → 0.000%: $5.47
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $23.5
Costs to cover: 0.180%
Break-even: 2.4 days

Slippage unknown: Lighter: no order-book sample; tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago	2.27 bp	28.5 bp −$29	doesn't fit	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	10.971	+0.099%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.961	+0.009%	$38K	$166K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.961	+0.013%	$7.4M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.966	+0.055%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.983	+0.210%	$952K	$988K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.970	+0.091%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.018	+0.529%	$1.5M	$604K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.963	+0.028%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.018	+0.530%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.960	0.000%	$859	$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	10.990	+0.274%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.970	+0.091%	$1.6M	$549K	10x	as long as short
Lighter NOKlong	+0.0032%	1h	10.960	long leg	—	—	10x
Vest NOK-PERP	+0.0046%	1h	10.970	+0.091%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.960	0.000%	$300K	$400K	20x	as long as short
tradeXYZ xyz:NOKshort	+0.0204%	1h	10.966	+0.055%	$4.2M	$1.1M	10x