Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Variational Omni against SunX+0.042%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.042% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it 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	2h 21m	$939	$1.6M	10x
Short	Variational Omni NOK	10.935	0	get 0.0000% / 8h	2h 21m	$70K	$78K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → 0.000%: $4.22
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.78
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Variational Omni: 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, 3 min ago	50.30 bp	101.2 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	10.933	+0.028%	$66K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.934	+0.038%	$38K	$202K	10x	as long as short
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	10.933	+0.027%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.950	+0.183%	$982K	$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	10.942	+0.110%	$1.5M	$576K	20x	as long as short
Variational Omni NOKshort	0.0000%	8h	10.935	+0.042%	$70K	$78K	—
GRVT NOK_USDT_Perp	0.0000%	8h	10.941	+0.100%	$4K	$167K	10x	as long as short
SunX NOK-USDTlong	0.0000%	8h	10.930	long leg	$939	$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	10.940	+0.091%	$9K	$4K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.940	+0.091%	$1.6M	$513K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.934	+0.037%	—	—	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	$995K	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.940	+0.091%	$301K	$254K	20x	as long as short