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 +0.015%

Price spread now: Gate against SunX+0.091%7-day average +0.195% · you sell dearer than you buy

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2622.620% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 3 days (all we have)+0.170%+$17 · spread now +0.091%, 7d avg +0.195%

Together, before fees+0.296%+$30 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: Gate is 0.104% cheaper against SunX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.195%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NOK-USDT	10.960	0	get 0.0000% / 8h	7h 59m	$1K	$1.5M	10x
Short	Gate NOK_USDT	10.970	0	get 0.0000% / 8h	7h 59m	$980K	$987K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.195%: −$10.35
Slippage, 4 orders: −$238.95
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$272.31
Costs to cover: 2.620%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Gate: live order book, 3 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, 5 min ago	50.16 bp	100.8 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.10 bp	26.7 bp −$27	274.7 bp −$2,747	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
tradeXYZ xyz:NOK	−0.0434%	1h	10.965	+0.046%	$4.2M	$996K	10x	as long as short
Aster NOKUSDT	0.0000%	8h	10.964	+0.036%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.956	−0.038%	$38K	$202K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.969	+0.085%	$7.5M	$8.7M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.976	+0.146%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDTshort	0.0000%	8h	10.970	+0.091%	$980K	$987K	50x
MEXC NOKSTOCK_USDT	0.0000%	8h	10.970	+0.091%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.963	+0.027%	$1.5M	$567K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.964	+0.032%	$70K	$55K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.960	0.000%	$3K	$160K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NOK-USDTlong	0.0000%	8h	10.960	long leg	$1K	$1.5M	10x
HTX NOK-USDT	0.0000%	8h	10.940	−0.182%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.960	0.000%	$1.6M	$518K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.939	−0.192%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.950	−0.091%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.950	−0.091%	$299K	$282K	20x	as long as short