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 −0.039%

Price spread now: SunX against OKX−0.230%7-day average −0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs−$280as in the Funding arb table

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2752.754% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.230%, 7d avg −0.162%

Together, before fees+0.006%+$1 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: SunX is 0.069% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.162%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOK-USDT-SWAP	10.855	0	get 0.0000% / 8h	50m 38s	$1.2M	$1.3M	20x
Short	SunX NOK-USDT	10.830	0	get 0.0000% / 8h	50m 38s	$1K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.230%Rate

Funding earned: $0
Price spread: −0.230% → −0.162%: −$6.85
Slippage, 4 orders: −$257.45
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$282.3
Costs to cover: 2.754%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; SunX: 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 OKX live order book, 1 min ago	1.85 bp	26.5 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	50.67 bp	102.9 bp −$103	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	10.830	−0.227%	$66K	$7K	20x	as long as short
OKX NOK-USDT-SWAPlong	0.0000%	8h	10.855	long leg	$1.2M	$1.3M	20x
Bitget NOKSTOCKUSDT	0.0000%	8h	10.868	+0.120%	$1.5M	$571K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.834	−0.194%	$3K	$123K	10x	as long as short
SunX NOK-USDTshort	0.0000%	8h	10.830	−0.230%	$1K	$1.3M	10x
HTX NOK-USDT	0.0000%	8h	10.840	−0.138%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.840	−0.138%	$1.6M	$592K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.810	−0.415%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.810	−0.415%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.830	−0.230%	$295K	$445K	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	+0.0112%	8h	10.843	−0.112%	$130K	$117K	—	as long as short
Gate NOK_USDT	+0.0123%	8h	10.842	−0.120%	$938K	$978K	50x	as long as short
MEXC NOKSTOCK_USDT	+0.0300%	8h	10.830	−0.230%	$1.5M	$118K	50x	as long as short
Extended NOK-USD	+0.0304%	1h	10.827	−0.257%	$37K	$276K	10x	as long as short
Binance NOKUSDT	+0.0304%	8h	10.840	−0.138%	$7.2M	$9.6M	20x	as long as short
tradeXYZ xyz:NOK	+0.0452%	1h	10.829	−0.240%	$4.3M	$1.3M	10x	as long as short