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 +0.037%

Price spread now: MEXC against Phemex−0.091%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1761.763% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.091%, 7d avg −0.012%

Together, before fees+0.247%+$25 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: MEXC is 0.079% cheaper against Phemex than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NOKUSDT	10.930	0	get 0.0000% / 8h	3h 18m	$1.6M	$557K	10x
Short	MEXC NOKSTOCK_USDT	10.920	0	get 0.0000% / 8h	3h 18m	$1.6M	$113K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.012%: −$7.91
Slippage, 4 orders: −$164.33
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$184.24
Costs to cover: 1.763%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; MEXC: live order book, 2 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	9.16 bp	73.7 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	9.12 bp	10.2 bp −$10	40.6 bp −$406	157.2 bp −$15.7K	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	10.916	−0.133%	$66K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.922	−0.073%	$37K	$160K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.927	−0.027%	$7.3M	$9.2M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.939	+0.082%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.949	+0.174%	$950K	$995K	50x	as long as short
MEXC NOKSTOCK_USDTshort	0.0000%	8h	10.920	−0.091%	$1.6M	$113K	50x
Bitget NOKSTOCKUSDT	0.0000%	8h	10.978	+0.439%	$1.5M	$592K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.963	+0.303%	$135K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.963	+0.306%	$3K	$145K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.950	+0.183%	$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	10.960	+0.274%	$9K	$5K	10x	as long as short
Phemex NOKUSDTlong	0.0000%	8h	10.930	long leg	$1.6M	$557K	10x
Lighter NOK	+0.0032%	1h	10.910	−0.183%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.910	−0.183%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.920	−0.091%	$298K	$408K	20x	as long as short
tradeXYZ xyz:NOK	+0.0432%	1h	10.917	−0.119%	$4.2M	$1.2M	10x	as long as short