Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0162%/8h= −17.7% APRnext payment −$0.20 per $10,000 · paid last 24h —

Price spread now: Lighter against tradeXYZ−0.046%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.046% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOK	10.965	0.0194	pay 0.0024% / 1h	40m 02s	$4.2M	$1.1M	10x
Short	Lighter NOK	10.960	0.0032	get 0.0004% / 1h	40m 02s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$33.99
Price spread: −0.046% → 0.000%: −$4.56
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$56.55
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; Lighter: 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 tradeXYZ live order book, 8 min ago	2.27 bp	19.5 bp −$20	30.6 bp −$306	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	10.966	+0.006%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.947	−0.168%	$38K	$166K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.958	−0.064%	$7.4M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.965	0.000%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.977	+0.109%	$952K	$988K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.960	−0.046%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.018	+0.483%	$1.5M	$604K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.963	−0.017%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.018	+0.484%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.960	−0.046%	$895	$1.4M	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	10.990	+0.228%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.970	+0.046%	$1.6M	$549K	10x	as long as short
Lighter NOKshort	+0.0032%	1h	10.960	−0.046%	—	—	10x
Vest NOK-PERP	+0.0046%	1h	10.960	−0.046%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.970	+0.046%	$299K	$400K	20x	as long as short
tradeXYZ xyz:NOKlong	+0.0194%	1h	10.965	long leg	$4.2M	$1.1M	10x