Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0566%/8h= +62.0% APRpaid last 24h +0.035%

Price spread now: tradeXYZ against MEXC−0.037%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on MEXC Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 7 days−0.046%−$5 · spread now −0.037%, 7d avg −0.017%

Together, before fees+0.205%+ Points / potential airdroptradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.251% in total (about 13.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOKSTOCK_USDT	10.910	0	get 0.0000% / 8h	2h 45m	$1.5M	$111K	50x
Short	tradeXYZ xyz:NOK	10.906	0.0566	get 0.0071% / 1h	45m 42s	$4.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.037%Rate

Funding earned: $118.88
Price spread: −0.037% → −0.017%: −$1.94
Slippage, 4 orders: −$47.07
Fee MEXC: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $51.87
Costs to cover: 0.651%
Break-even: 3.9 days

Slippage from MEXC: live order book, 6 min ago; tradeXYZ: live order book, 3 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, 6 min ago	9.13 bp	13.4 bp −$13	38.0 bp −$380	152.6 bp −$15.3K	doesn't fit
Sell tradeXYZ live order book, 3 min ago	3.21 bp	19.6 bp −$20	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	10.912	+0.019%	$66K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.907	−0.026%	$42K	$160K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.914	+0.032%	$7.3M	$9.3M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.921	+0.101%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDTlong	0.0000%	8h	10.910	long leg	$1.5M	$111K	50x
Bitget NOKSTOCKUSDT	0.0000%	8h	10.947	+0.339%	$1.5M	$593K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.913	+0.028%	$135K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.950	+0.367%	$3K	$135K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.910	0.000%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.940	+0.275%	$9K	$5K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NOKUSDT	0.0000%	8h	10.910	0.000%	$1.6M	$569K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.900	−0.092%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.900	−0.092%	—	—	10x	as long as short
Gate NOK_USDT	+0.0090%	8h	10.925	+0.137%	$948K	$996K	50x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.910	0.000%	$299K	$421K	20x	as long as short
tradeXYZ xyz:NOKshort	+0.0566%	1h	10.906	−0.037%	$4.3M	$1.2M	10x