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 +0.015%

Price spread now: Gate against Phemex+0.018%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$376as in the Funding arb table

Net, price: spread back to 7d avg − costs−$397as in the Price arb table

costs, in and out, $10k−$3883.876% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 3 days (all we have)+0.161%+$16 · spread now +0.018%, 7d avg +0.107%

Together, before fees+0.273%+$27 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: Gate is 0.089% 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 +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NOKUSDT	11.020	0	get 0.0000% / 8h	5h 59m	$1.6M	$538K	10x
Short	Gate NOK_USDT	11.022	0	get 0.0000% / 8h	5h 59m	$971K	$983K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.107%: −$8.89
Slippage, 4 orders: −$360.63
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$396.52
Costs to cover: 3.876%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Gate: 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 Phemex live order book, 4 min ago	4.54 bp	60.5 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.72 bp	230.6 bp −$231	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	11.022	+0.017%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.017	−0.031%	$37K	$173K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.020	0.000%	$7.5M	$8.9M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.025	+0.045%	$1.2M	$1.3M	20x	as long as short
Gate NOK_USDTshort	0.0000%	8h	11.022	+0.018%	$971K	$983K	50x
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	−0.091%	$1.6M	$110K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.049	+0.263%	$1.5M	$589K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.033	+0.119%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.004	−0.148%	$3K	$150K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.010	−0.091%	$800	$1.4M	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	11.020	0.000%	$9K	$5K	10x	as long as short
Phemex NOKUSDTlong	0.0000%	8h	11.020	long leg	$1.6M	$538K	10x
Lighter NOK	+0.0032%	1h	11.009	−0.100%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.000	−0.181%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.020	0.000%	$301K	$337K	20x	as long as short
tradeXYZ xyz:NOK	+0.0238%	1h	11.019	−0.009%	$4.2M	$1.1M	10x	as long as short