Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%

Price spread now: Extended against Phemex+0.066%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$2052.048% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.066%, 7d avg −0.021%

Together, before fees+0.097%+ Points / potential airdropExtended: Active · farm board+$10 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: Extended is 0.088% dearer against Phemex than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NOKUSDT	11.010	0	get 0.0000% / 8h	6h 41m	$1.6M	$535K	10x
Short	Extended NOK-USD	11.017	0	get 0.0000% / 1h	41m 50s	$37K	$169K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → −0.021%: $8.78
Slippage, 4 orders: −$187.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$195.98
Costs to cover: 2.048%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; Extended: live order book, 24 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, 1 min ago	40.89 bp	79.1 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 24 min ago	7.70 bp	21.4 bp −$21	133.9 bp −$1,339	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	11.024	+0.124%	$67K	$7K	20x	as long as short
Extended NOK-USDshort	0.0000%	1h	11.017	+0.066%	$37K	$169K	10x
Binance NOKUSDT	0.0000%	8h	11.020	+0.091%	$7.5M	$8.9M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.026	+0.145%	$1.2M	$1.3M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.031	+0.191%	$985K	$987K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	+0.091%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.041	+0.282%	$1.5M	$581K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	+0.030%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.017	+0.068%	$4K	$150K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.000	−0.091%	$745	$1.5M	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	11.010	0.000%	$9K	$5K	10x	as long as short
Phemex NOKUSDTlong	0.0000%	8h	11.010	long leg	$1.6M	$535K	10x
Lighter NOK	+0.0032%	1h	11.015	+0.045%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.020	+0.091%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.020	+0.091%	$301K	$320K	20x	as long as short
tradeXYZ xyz:NOK	+0.0196%	1h	11.017	+0.064%	$4.2M	$1.1M	10x	as long as short