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 +0.039%

Price spread now: OKX against SunX−0.055%47s7-day average +0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$270as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2742.744% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.055%, 7d avg +0.166%

Together, before fees+0.255%+$26 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: OKX is 0.221% cheaper against SunX than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.166%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

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	3h 23m	$906	$1.4M	10x
Short	OKX NOK-USDT-SWAP	10.924	0	get 0.0000% / 8h	3h 23m	$1.2M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → +0.166%: −$22.05
Slippage, 4 orders: −$256.41
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$296.47
Costs to cover: 2.744%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; OKX: 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, 11 min ago	50.30 bp	101.2 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	5.02 bp	49.6 bp −$50	228.2 bp −$2,282	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	10.924	−0.055%	$66K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.917	−0.119%	$37K	$165K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.920	−0.091%	$7.3M	$9.1M	20x	as long as short
OKX NOK-USDT-SWAPshort	0.0000%	8h	10.924	−0.055%	$1.2M	$1.2M	20x
Gate NOK_USDT	0.0000%	8h	10.937	+0.064%	$948K	$992K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.920	−0.091%	$1.6M	$112K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.949	+0.174%	$1.5M	$594K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.943	+0.119%	$135K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.940	+0.092%	$3K	$145K	10x	as long as short
SunX NOK-USDTlong	0.0000%	8h	10.930	long leg	$906	$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	10.940	+0.091%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.920	−0.091%	$1.6M	$555K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.900	−0.274%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.900	−0.274%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.920	−0.091%	$299K	$406K	20x	as long as short
tradeXYZ xyz:NOK	+0.0400%	1h	10.916	−0.128%	$4.2M	$1.1M	10x	as long as short