Funding arb · Price arb /

NOK

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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 +0.010%

Price spread now: Variational Omni against Phemex+0.032%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.032% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NOKUSDT	11.010	0	get 0.0000% / 8h	7h 54m	$1.6M	$518K	10x
Short	Variational Omni NOK	11.014	0	get 0.0000% / 8h	7h 54m	$70K	$55K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → 0.000%: $3.19
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.81
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 3 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 3 min ago	9.10 bp	65.3 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USD	0.0000%	1h	11.012	+0.020%	$38K	$196K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.015	+0.044%	$7.5M	$8.7M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.020	+0.091%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.022	+0.109%	$983K	$990K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.000	−0.091%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.024	+0.127%	$1.5M	$567K	20x	as long as short
Variational Omni NOKshort	0.0000%	8h	11.014	+0.032%	$70K	$55K	—
GRVT NOK_USDT_Perp	0.0000%	8h	10.991	−0.175%	$3K	$160K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.000	−0.091%	$1K	$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	$518K	10x
Lighter NOK	+0.0032%	1h	11.019	+0.082%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.010	0.000%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	0.000%	$300K	$282K	20x	as long as short
tradeXYZ xyz:NOK	+0.1164%	1h	11.005	−0.045%	$4.3M	$1.0M	10x	as long as short