Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0566%/8h= −62.0% APRpaid last 24h −0.035%

Price spread now: MEXC against tradeXYZ+0.037%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 7 days+0.046%+$5 · spread now +0.037%, 7d avg +0.017%

Together, before fees−0.205%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.251% in total (about -13.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOK	10.906	0.0566	pay 0.0071% / 1h	45m 40s	$4.3M	$1.2M	10x
Short	MEXC NOKSTOCK_USDT	10.910	0	get 0.0000% / 8h	2h 45m	$1.5M	$111K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$118.88
Price spread: +0.037% → +0.017%: $1.94
Slippage, 4 orders: −$47.07
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: −$182
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; MEXC: live order book, 6 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, 3 min ago	3.21 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	9.13 bp	11.6 bp −$12	37.8 bp −$378	148.3 bp −$14.8K	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	10.912	+0.058%	$66K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.907	+0.013%	$42K	$160K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.914	+0.077%	$7.3M	$9.3M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.921	+0.138%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDTshort	0.0000%	8h	10.910	+0.037%	$1.5M	$111K	50x
Bitget NOKSTOCKUSDT	0.0000%	8h	10.947	+0.376%	$1.5M	$593K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.913	+0.065%	$135K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.924	+0.160%	$3K	$135K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.910	+0.037%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.940	+0.312%	$9K	$5K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NOKUSDT	0.0000%	8h	10.910	+0.037%	$1.6M	$569K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.900	−0.055%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.900	−0.055%	—	—	10x	as long as short
Gate NOK_USDT	+0.0092%	8h	10.927	+0.193%	$949K	$996K	50x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.920	+0.128%	$299K	$421K	20x	as long as short
tradeXYZ xyz:NOKlong	+0.0566%	1h	10.906	long leg	$4.3M	$1.2M	10x