Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0092%/8h= −10.0% APRpaid last 24h −0.075%

Price spread now: GRVT against tradeXYZ−0.018%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1271.274% of the position

Long on tradeXYZ Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.387%−$39 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.018%, 7d avg +0.012%

Together, before fees−0.375%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$38 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 GRVT is 0.031% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOK	11.042	0.0092	pay 0.0011% / 1h	57m 35s	$4.2M	$1.1M	10x
Short	GRVT NOK_USDT_Perp	11.040	0	get 0.0000% / 8h	6h 57m	$3K	$155K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$19.25
Price spread: −0.018% → +0.012%: −$3.06
Slippage, 4 orders: −$100.37
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$149.68
Costs to cover: 1.274%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; GRVT: live order book, 5 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 GRVT live order book, 5 min ago	9.06 bp	37.8 bp −$38	148.8 bp −$1,488	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	11.048	+0.057%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.041	−0.013%	$37K	$171K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.040	−0.018%	$7.6M	$8.8M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.051	+0.082%	$1.2M	$1.3M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.052	+0.091%	$990K	$981K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.040	−0.018%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.062	+0.181%	$1.5M	$581K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.043	+0.010%	$137K	$121K	—	as long as short
GRVT NOK_USDT_Perpshort	0.0000%	8h	11.040	−0.018%	$3K	$155K	10x
SunX NOK-USDT	0.0000%	8h	11.040	−0.018%	$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	+0.163%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.050	+0.072%	$1.6M	$532K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.044	+0.018%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.040	−0.018%	—	—	10x	as long as short
tradeXYZ xyz:NOKlong	+0.0092%	1h	11.042	long leg	$4.2M	$1.1M	10x
KuCoin NOKUSDTM	+0.0100%	8h	11.050	+0.072%	$302K	$315K	20x	as long as short