Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h —

Price spread now: Lighter against OKX−0.278%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Lighter

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 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.278% cheaper against OKX than usual: you would sell low and buy high (spread −0.278% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 38 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOK-USDT-SWAP	10.789	0.0007	pay 0.0007% / 8h	13m 15s	$1.2M	$1.2M	20x
Short	Lighter NOK	10.759	0.0032	get 0.0004% / 1h	13m 15s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.278%Rate

Funding earned: $5.18
Price spread: −0.278% → 0.000%: −$27.81
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.63
Costs to cover: 0.100%
Break-even: 51.1 days

Slippage unknown: OKX: live order book, 3 min ago; Lighter: no order-book sample. 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 OKX live order book, 3 min ago	4.17 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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
Bitget NOKSTOCKUSDT	−0.0431%	8h	10.819	+0.278%	$1.5M	$567K	20x	as long as short
Aster NOKUSDT	0.0000%	8h	10.780	−0.081%	$66K	$7K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.779	−0.096%	$3K	$118K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.770	−0.176%	$1K	$1.3M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.770	−0.176%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.790	+0.009%	$1.6M	$617K	10x	as long as short
OKX NOK-USDT-SWAPlong	+0.0007%	8h	10.789	long leg	$1.2M	$1.2M	20x
Vest NOK-PERP	+0.0017%	1h	10.750	−0.361%	—	—	10x	as long as short
Lighter NOKshort	+0.0032%	1h	10.759	−0.278%	—	—	10x
KuCoin NOKUSDTM	+0.0100%	8h	10.770	−0.176%	$294K	$444K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOK_USDT	+0.0141%	8h	10.798	+0.083%	$941K	$1.0M	50x	as long as short
Variational Omni NOK	+0.0215%	8h	10.783	−0.053%	$130K	$118K	—	as long as short
tradeXYZ xyz:NOK	+0.0375%	1h	10.773	−0.148%	$4.4M	$1.3M	10x	as long as short
MEXC NOKSTOCK_USDT	+0.0422%	8h	10.780	−0.083%	$1.5M	$120K	50x	as long as short
Extended NOK-USD	+0.0424%	1h	10.787	−0.015%	$39K	$277K	10x	as long as short
Binance NOKUSDT	+0.0425%	8h	10.790	+0.009%	$7.2M	$10.0M	20x	as long as short