Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%

Price spread now: Bitget against Phemex+0.229%7-day average +0.317% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2082.077% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.229%, 7d avg +0.317%

Together, before fees+0.181%+$18 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: Bitget is 0.088% cheaper against Phemex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.317%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NOKUSDT	10.930	0	get 0.0000% / 8h	1h 25m	$1.6M	$519K	10x
Short	Bitget NOKSTOCKUSDT	10.955	0	get 0.0000% / 8h	1h 25m	$1.5M	$576K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now +0.229%Rate

Funding earned: $0
Price spread: +0.229% → +0.317%: −$8.84
Slippage, 4 orders: −$183.68
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$216.52
Costs to cover: 2.077%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Bitget: live order book, 1 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 Phemex live order book, 2 min ago	4.57 bp	66.8 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.11 bp	51.7 bp −$52	85.5 bp −$855	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	10.932	+0.019%	$66K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.932	+0.018%	$38K	$202K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.934	+0.035%	$7.5M	$8.6M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.945	+0.137%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.948	+0.165%	$985K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.930	0.000%	$1.5M	$111K	50x	as long as short
Bitget NOKSTOCKUSDTshort	0.0000%	8h	10.955	+0.229%	$1.5M	$576K	20x
Variational Omni NOK	0.0000%	8h	10.934	+0.033%	$70K	$78K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.931	+0.008%	$3K	$164K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.930	0.000%	$1K	$1.6M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOK-USDT	0.0000%	8h	10.940	+0.091%	$9K	$4K	10x	as long as short
Phemex NOKUSDTlong	0.0000%	8h	10.930	long leg	$1.6M	$519K	10x
Lighter NOK	+0.0032%	1h	10.935	+0.046%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.940	+0.091%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	10.935	+0.046%	$4.3M	$1.0M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.940	+0.091%	$300K	$268K	20x	as long as short