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 0.000%

Price spread now: GRVT against SunX−0.029%7-day average +0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2422.421% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.029%, 7d avg +0.099%

Together, before fees+0.116%+ Points / potential airdropGRVT: Active · farm board+$12 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: GRVT is 0.129% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.099%.

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	3h 29m	$792	$1.4M	10x
Short	GRVT NOK_USDT_Perp	10.957	0	get 0.0000% / 8h	3h 29m	$3K	$146K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.099%: −$12.89
Slippage, 4 orders: −$225.07
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$254.96
Costs to cover: 2.421%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; GRVT: live order book, 18 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	50.30 bp	101.2 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 18 min ago	9.08 bp	16.9 bp −$17	114.3 bp −$1,143	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	10.956	−0.040%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.967	+0.062%	$37K	$165K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.969	+0.080%	$7.4M	$9.1M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.970	+0.091%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.979	+0.173%	$952K	$991K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.960	0.000%	$1.6M	$112K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.970	+0.091%	$1.5M	$606K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.958	−0.017%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perpshort	0.0000%	8h	10.957	−0.029%	$3K	$146K	10x
SunX NOK-USDTlong	0.0000%	8h	10.960	long leg	$792	$1.4M	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	10.970	+0.091%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.970	+0.091%	$1.6M	$553K	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	10.940	−0.182%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.950	−0.091%	$300K	$405K	20x	as long as short
tradeXYZ xyz:NOK	+0.0359%	1h	10.957	−0.027%	$4.2M	$1.1M	10x	as long as short