NOK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Phemex−0.365%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$292as in the Funding arb table

Net, price: spread back to 7d avg − costs−$351as in the Price arb table

costs, in and out, $10k−$3133.130% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)+0.459%+$46 · spread now −0.365%, 7d avg +0.014%

Together, before fees+0.669%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.379% cheaper against Phemex than usual: you would sell low and buy high (spread −0.365% now, against its 7-day average of +0.014%). If the spread goes back, that is −$38 on $10k: about 13 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NOKUSDT	10.960	0	get 0.0000% / 8h	3h 17m	$1.6M	$560K	10x
Short	KuCoin NOKUSDTM	10.920	0.0100	get 0.0100% / 8h	3h 17m	$299K	$409K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.365%Rate

Funding earned: $21
Price spread: −0.365% → +0.014%: −$37.87
Slippage, 4 orders: −$289.01
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$329.88
Costs to cover: 3.130%
Break-even: 117.0 days

Slippage from Phemex: live order book, 1 min ago; KuCoin: live order book, 55 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	9.15 bp	73.2 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 55 min ago	4.54 bp	83.2 bp −$83	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	10.931	−0.263%	$66K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.935	−0.226%	$37K	$160K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.945	−0.133%	$7.4M	$9.2M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.950	−0.091%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.945	−0.137%	$949K	$995K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.940	−0.182%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.986	+0.237%	$1.5M	$589K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.963	+0.028%	$135K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.963	+0.032%	$3K	$145K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.940	−0.182%	$1K	$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	10.930	−0.274%	$9K	$5K	10x	as long as short
Phemex NOKUSDTlong	0.0000%	8h	10.960	long leg	$1.6M	$560K	10x
Lighter NOK	+0.0032%	1h	10.919	−0.374%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.900	−0.547%	—	—	10x	as long as short
KuCoin NOKUSDTMshort	+0.0100%	8h	10.920	−0.365%	$299K	$409K	20x
tradeXYZ xyz:NOK	+0.0437%	1h	10.920	−0.365%	$4.2M	$1.2M	10x	as long as short