Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%

Price spread now: Extended against SunX+0.038%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2492.492% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now +0.038%, 7d avg +0.063%

Together, before fees+0.202%+ Points / potential airdropExtended: Active · farm board+$20 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: Extended is 0.025% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NOK-USDT	10.930	0	get 0.0000% / 8h	2h 08m	$1K	$1.6M	10x
Short	Extended NOK-USD	10.934	0	get 0.0000% / 1h	8m 51s	$38K	$202K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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 SunXbpFee ExtendedbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.063%: −$2.52
Slippage, 4 orders: −$236.23
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$251.75
Costs to cover: 2.492%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Extended: live order book, 13 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 SunX live order book, 6 min ago	50.30 bp	101.2 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 13 min ago	7.78 bp	22.6 bp −$23	144.0 bp −$1,440	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	10.934	+0.035%	$66K	$7K	20x	as long as short
Extended NOK-USDshort	0.0000%	1h	10.934	+0.038%	$38K	$202K	10x
Binance NOKUSDT	0.0000%	8h	10.935	+0.048%	$7.5M	$8.6M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.929	−0.009%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.945	+0.137%	$985K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.930	0.000%	$1.5M	$112K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.950	+0.183%	$1.5M	$576K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.935	+0.042%	$70K	$78K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.921	−0.087%	$4K	$166K	10x	as long as short
SunX NOK-USDTlong	0.0000%	8h	10.930	long leg	$1K	$1.6M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOK-USDT	0.0000%	8h	10.920	−0.091%	$9K	$4K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.930	0.000%	$1.6M	$516K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.935	+0.046%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.940	+0.091%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	10.935	+0.046%	$4.3M	$996K	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.920	−0.091%	$300K	$260K	20x	as long as short