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 −0.029%

Price spread now: Variational Omni against OKX+0.120%7-day average −0.086% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.120%, 7d avg −0.086%

Together, before fees−0.222%+ Points / potential airdropVariational Omni: Active · farm board−$22 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: Variational Omni is 0.206% dearer against OKX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOK-USDT-SWAP	10.940	0	get 0.0000% / 8h	2h 50m	$1.2M	$1.2M	20x
Short	Variational Omni NOK	10.953	0	get 0.0000% / 8h	2h 50m	$135K	$113K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.120%Rate

Funding earned: $0
Price spread: +0.120% → −0.086%: $20.55
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.55
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 1 min ago; Variational Omni: RFQ quote, 63 min ago. 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, 1 min ago	4.11 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 63 min ago	11.92 bp	doesn't fit	115.3 bp −$1,153	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	10.942	+0.018%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.957	+0.156%	$42K	$165K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.940	0.000%	$7.3M	$9.4M	20x	as long as short
OKX NOK-USDT-SWAPlong	0.0000%	8h	10.940	long leg	$1.2M	$1.2M	20x
MEXC NOKSTOCK_USDT	0.0000%	8h	10.950	+0.091%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.961	+0.192%	$1.5M	$592K	20x	as long as short
Variational Omni NOKshort	0.0000%	8h	10.953	+0.120%	$135K	$113K	—
GRVT NOK_USDT_Perp	0.0000%	8h	10.945	+0.046%	$3K	$137K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.950	+0.091%	$887	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.930	−0.091%	$9K	$5K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NOKUSDT	0.0000%	8h	10.960	+0.183%	$1.6M	$570K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.929	−0.101%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.920	−0.183%	—	—	10x	as long as short
Gate NOK_USDT	+0.0089%	8h	10.965	+0.229%	$952K	$995K	50x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.940	0.000%	$299K	$420K	20x	as long as short
tradeXYZ xyz:NOK	+0.0792%	1h	10.925	−0.137%	$4.3M	$1.2M	10x	as long as short