Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against SunX+0.082%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.082% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread 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	SunX NOK-USDT	10.930	0	get 0.0000% / 8h	1h 16m	$1K	$1.6M	10x
Short	Lighter NOK	10.939	0.0032	get 0.0004% / 1h	16m 10s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.082%Rate

Funding earned: $6.72
Price spread: +0.082% → 0.000%: $8.23
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $6.95
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 9 min ago; Lighter: 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 SunX live order book, 9 min ago	50.30 bp	101.1 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	10.934	+0.038%	$66K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.933	+0.025%	$38K	$202K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.935	+0.047%	$7.5M	$8.7M	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	10.945	+0.137%	$985K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.930	0.000%	$1.6M	$115K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.953	+0.210%	$1.5M	$575K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.934	+0.033%	$70K	$78K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.940	+0.094%	$4K	$164K	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	10.910	−0.183%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.940	+0.091%	$1.6M	$520K	10x	as long as short
Lighter NOKshort	+0.0032%	1h	10.939	+0.082%	—	—	10x
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	$1.0M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.940	+0.091%	$300K	$269K	20x	as long as short