Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex−0.183%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Vest

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 airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.183% cheaper against Phemex than usual: you would sell low and buy high (spread −0.183% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 13 days of funding at the current rate (+$1 a day).

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	Vest NOK-PERP	10.910	0.0046	get 0.0006% / 1h	18m 52s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.183%Rate

Funding earned: $9.59
Price spread: −0.183% → 0.000%: −$18.3
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$22.71
Costs to cover: 0.140%
Break-even: 23.6 days

Slippage unknown: Phemex: live order book, 4 min ago; Vest: 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, 4 min ago	9.16 bp	73.7 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	10.918	−0.107%	$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	10.928	−0.015%	$7.3M	$9.2M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.935	+0.046%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.942	+0.110%	$949K	$995K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.920	−0.091%	$1.6M	$113K	50x	as long as short
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-PERPshort	+0.0046%	1h	10.910	−0.183%	—	—	10x
KuCoin NOKUSDTM	+0.0100%	8h	10.910	−0.183%	$298K	$408K	20x	as long as short
tradeXYZ xyz:NOK	+0.0433%	1h	10.916	−0.128%	$4.2M	$1.2M	10x	as long as short