Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

NOK

RWAAll NOK markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
tradeXYZxyz:NOK
10.145+0.0160pay 0.0020% / 1h35m 10s$1.6M$483K10xLong tradeXYZ
SHORT
BybitNOKIAUSDT
10.15100.0000% / 8h3h 35m$374K$90K25xShort Bybit
Price gap+0.059%
Funding gap−0.0160% /8h

Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.114% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$29−0.0160% /8h now · paid +0.291% over the last 7D
Price−$11spread +0.059% now, avg +0.173% → −0.114% if it goes back
Costs−$1901.899% of $10k · taker + slippage, in and out
Result−$172−1.72%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.059%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

NOK on 18 exchanges

lowest funding first

Before you open

1 ok · 5 to watch
  • Watch: Thin at this size12.5 / 83.3 bp
    At $10k entering Bybit costs 83.3 bp, fee and slippage, 6.7× tradeXYZ’s.
  • Note: Margin at max leverage$1,000 + $400
    tradeXYZ 10x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$4.79Long tradeXYZ: 24 payments, −$4.79; short Bybit: 3 payments, $0.00.
  • Watch: Gap narrower than usual+0.059% vs +0.173%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$374K vs $1.6M OI
    Bybit sets your exit cost. Check its book before closing.
  • OK: Points on a legtradeXYZ points
    Volume here counts toward the points program.
  • Watch: KYCtradeXYZ No · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0139%/8h × 21 periods+$29.12
Price spread+0.059% → +0.173% (7d avg)−$11.39
Slippage, 4 orderslive order books−$177.11
Fee tradeXYZ bp × 2 orders−$1.80
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$172.18
Costs to cover1.899%Break-even48.4 days
Slippage: tradeXYZ: live order book, 2 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGtradeXYZ4.4312.5 bp−$1234.2 bp−$342doesn’t fitdoesn’t fit
SELL · SHORTBybit3.9383.3 bp−$83136.0 bp−$1,360doesn’t fitdoesn’t fit

Closing costs about the same again.

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