Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.037%

Price spread now: Phemex against MEXC+0.092%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1761.763% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.092%, 7d avg +0.012%

Together, before fees−0.247%−$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.079% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOKSTOCK_USDT	10.920	0	get 0.0000% / 8h	3h 18m	$1.6M	$113K	50x
Short	Phemex NOKUSDT	10.930	0	get 0.0000% / 8h	3h 18m	$1.6M	$557K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against MEXC. 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 MEXCbpFee PhemexbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.012%: $7.92
Slippage, 4 orders: −$164.33
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$168.41
Costs to cover: 1.763%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Phemex: live order book, 4 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 MEXC live order book, 2 min ago	9.12 bp	17.2 bp −$17	31.9 bp −$319	139.7 bp −$14.0K	doesn't fit
Sell Phemex live order book, 4 min ago	9.16 bp	75.2 bp −$75	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	10.916	−0.041%	$66K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.922	+0.018%	$37K	$160K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.927	+0.065%	$7.3M	$9.2M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.939	+0.174%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.949	+0.266%	$950K	$995K	50x	as long as short
MEXC NOKSTOCK_USDTlong	0.0000%	8h	10.920	long leg	$1.6M	$113K	50x
Bitget NOKSTOCKUSDT	0.0000%	8h	10.978	+0.531%	$1.5M	$592K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.963	+0.395%	$135K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.963	+0.398%	$3K	$145K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.950	+0.275%	$1K	$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	10.960	+0.366%	$9K	$5K	10x	as long as short
Phemex NOKUSDTshort	0.0000%	8h	10.930	+0.092%	$1.6M	$557K	10x
Lighter NOK	+0.0032%	1h	10.910	−0.092%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.910	−0.092%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.920	0.000%	$298K	$408K	20x	as long as short
tradeXYZ xyz:NOK	+0.0432%	1h	10.917	−0.027%	$4.2M	$1.2M	10x	as long as short