Funding arb · Price arb /

NOK

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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 −0.012%

Price spread now: Bitget against OKX+0.064%7-day average +0.174% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1491.488% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 7 days+0.146%+$15 · spread now +0.064%, 7d avg +0.174%

Together, before fees+0.317%+$32 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: Bitget is 0.110% cheaper against OKX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.174%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOK-USDT-SWAP	10.920	0	get 0.0000% / 8h	1h 31m	$1.2M	$1.3M	20x
Short	Bitget NOKSTOCKUSDT	10.927	0	get 0.0000% / 8h	1h 31m	$1.5M	$581K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → +0.174%: −$11.02
Slippage, 4 orders: −$126.77
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$159.79
Costs to cover: 1.488%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 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 OKX live order book, 5 min ago	3.67 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	11.45 bp	67.9 bp −$68	110.9 bp −$1,109	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	−0.071%	$66K	$7K	20x	as long as short
OKX NOK-USDT-SWAPlong	0.0000%	8h	10.920	long leg	$1.2M	$1.3M	20x
Bitget NOKSTOCKUSDTshort	0.0000%	8h	10.927	+0.064%	$1.5M	$581K	20x
GRVT NOK_USDT_Perp	0.0000%	8h	10.893	−0.243%	$3K	$128K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.900	−0.183%	$1K	$1.3M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.930	+0.092%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.900	−0.183%	$1.6M	$590K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.900	−0.183%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.900	−0.183%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.900	−0.183%	$298K	$439K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NOK	+0.0117%	8h	10.893	−0.246%	$131K	$117K	—	as long as short
Gate NOK_USDT	+0.0152%	8h	10.914	−0.055%	$945K	$1.0M	50x	as long as short
tradeXYZ xyz:NOK	+0.0186%	1h	10.906	−0.128%	$4.3M	$1.2M	10x	as long as short
MEXC NOKSTOCK_USDT	+0.0277%	8h	10.900	−0.183%	$1.5M	$116K	50x	as long as short
Binance NOKUSDT	+0.0280%	8h	10.910	−0.092%	$7.3M	$9.6M	20x	as long as short
Extended NOK-USD	+0.0280%	1h	10.907	−0.116%	$37K	$159K	10x	as long as short