Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h −0.060%

Price spread now: Gate against tradeXYZ+0.119%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.119%, 7d avg +0.118%

Together, before fees−0.254%+ Points / potential airdroptradeXYZ: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.118%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.262%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOK	10.890	0.0068	pay 0.0008% / 1h	52m 46s	$4.3M	$1.2M	10x
Short	Gate NOK_USDT	10.903	0.0159	get 0.0159% / 8h	1h 52m	$945K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.119%Rate

Funding earned: $19.12
Price spread: +0.119% → +0.118%: $0.15
Slippage, 4 orders: −$62.9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$76.64
Costs to cover: 0.959%
Break-even: 35.1 days

Slippage from tradeXYZ: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	1.84 bp	16.1 bp −$16	36.4 bp −$364	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.12 bp	35.7 bp −$36	doesn't fit	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	10.907	+0.156%	$66K	$7K	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.903	+0.119%	$1.2M	$1.3M	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.934	+0.404%	$1.5M	$580K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.918	+0.256%	$3K	$129K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.890	0.000%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.950	+0.551%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.900	+0.092%	$1.6M	$588K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.890	0.000%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.880	−0.092%	—	—	10x	as long as short
tradeXYZ xyz:NOKlong	+0.0068%	1h	10.890	long leg	$4.3M	$1.2M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NOK	+0.0069%	8h	10.913	+0.212%	$131K	$117K	—	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.910	+0.184%	$297K	$435K	20x	as long as short
Gate NOK_USDTshort	+0.0159%	8h	10.903	+0.119%	$945K	$1.0M	50x
Extended NOK-USD	+0.0216%	1h	10.903	+0.118%	$37K	$162K	10x	as long as short
MEXC NOKSTOCK_USDT	+0.0216%	8h	10.900	+0.092%	$1.5M	$115K	50x	as long as short
Binance NOKUSDT	+0.0217%	8h	10.905	+0.139%	$7.3M	$9.6M	20x	as long as short