Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.038%

Price spread now: Binance against tradeXYZ−0.027%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 2 days (all we have)+0.001%$0 · spread now −0.027%, 7d avg +0.021%

Together, before fees−0.261%+ Points / potential airdroptradeXYZ: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.048% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOK	11.047	0.0085	pay 0.0011% / 1h	57m 36s	$4.2M	$1.1M	10x
Short	Binance NOKUSDT	11.044	0	get 0.0000% / 8h	6h 57m	$7.6M	$8.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now −0.027%Rate

Funding earned: −$17.86
Price spread: −0.027% → +0.021%: −$4.85
Slippage, 4 orders: −$29.05
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.77
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Binance: live order book, 12 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 tradeXYZ live order book, 11 min ago	2.26 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	4.53 bp	11.6 bp −$12	49.1 bp −$491	375.9 bp −$37.6K	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	11.047	+0.002%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.041	−0.058%	$37K	$171K	10x	as long as short
Binance NOKUSDTshort	0.0000%	8h	11.044	−0.027%	$7.6M	$8.8M	20x
OKX NOK-USDT-SWAP	0.0000%	8h	11.047	0.000%	$1.2M	$1.3M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.052	+0.045%	$990K	$981K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.040	−0.063%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.064	+0.154%	$1.5M	$581K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.043	−0.036%	$137K	$121K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.047	−0.004%	$3K	$155K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.040	−0.063%	$1K	$1.5M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOK-USDT	0.0000%	8h	11.060	+0.118%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.050	+0.027%	$1.6M	$532K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.044	−0.027%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.040	−0.063%	—	—	10x	as long as short
tradeXYZ xyz:NOKlong	+0.0085%	1h	11.047	long leg	$4.2M	$1.1M	10x
KuCoin NOKUSDTM	+0.0100%	8h	11.050	+0.027%	$302K	$315K	20x	as long as short