Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h 0.000%

Price spread now: Extended against OKX−0.065%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1021.023% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.065%, 7d avg −0.104%

Together, before fees+0.075%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.039% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOK-USDT-SWAP	10.874	0	get 0.0000% / 8h	2h 27m	$1.2M	$1.3M	20x
Short	Extended NOK-USD	10.867	0.0032	get 0.0004% / 1h	27m 14s	$40K	$158K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.065%Rate

Funding earned: $6.72
Price spread: −0.065% → −0.104%: $3.89
Slippage, 4 orders: −$87.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$91.68
Costs to cover: 1.023%
Break-even: 102.5 days

Slippage from OKX: live order book, 4 min ago; Extended: live order book, 19 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, 4 min ago	5.05 bp	21.7 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 19 min ago	7.80 bp	22.4 bp −$22	133.0 bp −$1,330	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	10.868	−0.057%	$66K	$7K	20x	as long as short
OKX NOK-USDT-SWAPlong	0.0000%	8h	10.874	long leg	$1.2M	$1.3M	20x
Bitget NOKSTOCKUSDT	0.0000%	8h	10.911	+0.340%	$1.5M	$595K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.888	+0.132%	$131K	$117K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.890	+0.147%	$3K	$134K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.880	+0.055%	$678	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.870	−0.037%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.870	−0.037%	$1.6M	$583K	10x	as long as short
MEXC NOKSTOCK_USDT	+0.0024%	8h	10.870	−0.037%	$1.5M	$116K	50x	as long as short
Lighter NOK	+0.0032%	1h	10.849	−0.230%	—	—	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NOK-USDshort	+0.0032%	1h	10.867	−0.065%	$40K	$158K	10x
Binance NOKUSDT	+0.0034%	8h	10.870	−0.037%	$7.2M	$9.5M	20x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.840	−0.313%	—	—	10x	as long as short
Gate NOK_USDT	+0.0084%	8h	10.883	+0.083%	$946K	$1.0M	50x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.870	−0.037%	$297K	$427K	20x	as long as short
tradeXYZ xyz:NOK	+0.0443%	1h	10.860	−0.129%	$4.3M	$1.2M	10x	as long as short