Funding you earn now, next payment 05:00 UTC+0.0465%/8h= +50.9% APRpaid last 24h +0.030%
Price spread now: tradeXYZ against OKX−0.183%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$900.904% of the position
Funding, last 7 days+0.323%+$32 on $10k
+Price spread, last 7 days+0.102%+$10 · spread now −0.183%, 7d avg −0.100%
=Together, before fees+0.425%+ Points / potential airdroptradeXYZ: Active · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.083% cheaper against OKX than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of −0.100%). If the spread goes back, that is −$8 on $10k: about 14 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.323% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.323% in total (about 16.8% 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 | OKX NOK-USDT-SWAP | 10.934 | 0 | get 0.0000% / 8h | 3h 03m | $1.2M | $1.2M | 20x |
| Short | tradeXYZ xyz:NOK | 10.914 | 0.0465 | get 0.0058% / 1h | 3m 32s | $4.3M | $1.2M | 10x |
OKX NOK-USDT-SWAP
tradeXYZ xyz:NOKFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $97.7
- Price spread: −0.183% → −0.100%
- −$8.32
- Slippage, 4 orders
- −$62.41
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$1.04
- Costs to cover
- 0.904%
- Break-even
- 7.1 days
Slippage from OKX: live order book, 3 min ago; tradeXYZ: live order book, 4 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, 3 min ago | 4.56 bp | 23.0 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 4.57 bp | 21.6 bp −$22 | 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 | 10.925 | −0.082% | $66K | $7K | 20x | as long as short |
| Extended NOK-USD | 0.0000% | 1h | 10.947 | +0.120% | $37K | $160K | 10x | as long as short |
| Binance NOKUSDT | 0.0000% | 8h | 10.920 | −0.128% | $7.3M | $9.3M | 20x | as long as short |
| OKX NOK-USDT-SWAPlong | 0.0000% | 8h | 10.934 | long leg | $1.2M | $1.2M | 20x | |
| MEXC NOKSTOCK_USDT | 0.0000% | 8h | 10.940 | +0.055% | $1.6M | $114K | 50x | as long as short |
| Bitget NOKSTOCKUSDT | 0.0000% | 8h | 10.959 | +0.229% | $1.5M | $590K | 20x | as long as short |
| Variational Omni NOK | 0.0000% | 8h | 10.933 | −0.008% | $135K | $113K | — | as long as short |
| GRVT NOK_USDT_Perp | 0.0000% | 8h | 10.914 | −0.187% | $3K | $137K | 10x | as long as short |
| SunX NOK-USDT | 0.0000% | 8h | 10.920 | −0.128% | $717 | $1.4M | 10x | as long as short |
| HTX NOK-USDT | 0.0000% | 8h | 10.940 | +0.055% | $9K | $5K | 10x | as long as short |
Aster NOKUSDT
Extended NOK-USD
Binance NOKUSDT
MEXC NOKSTOCK_USDT
Bitget NOKSTOCKUSDT
Variational Omni NOK
GRVT NOK_USDT_Perp
SunX NOK-USDT
HTX NOK-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex NOKUSDT | 0.0000% | 8h | 10.940 | +0.055% | $1.6M | $568K | 10x | as long as short |
| Gate NOK_USDT | +0.0019% | 8h | 10.951 | +0.155% | $951K | $1.0M | 50x | as long as short |
| Lighter NOK | +0.0032% | 1h | 10.910 | −0.219% | — | — | 10x | as long as short |
| Vest NOK-PERP | +0.0046% | 1h | 10.900 | −0.311% | — | — | 10x | as long as short |
| KuCoin NOKUSDTM | +0.0100% | 8h | 10.920 | −0.128% | $299K | $414K | 20x | as long as short |
| tradeXYZ xyz:NOKshort | +0.0465% | 1h | 10.914 | −0.183% | $4.3M | $1.2M | 10x |
Phemex NOKUSDT
Gate NOK_USDT
Lighter NOK
Vest NOK-PERP
KuCoin NOKUSDTM