Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Bitget against Variational Omni+0.217%7-day average +0.308% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.217%, 7d avg +0.308%

Together, before fees−0.038%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.090% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.308%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NOK	11.003	0	get 0.0000% / 8h	3h 59m	$136K	$113K	—
Short	Bitget NOKSTOCKUSDT	11.027	0	get 0.0000% / 8h	3h 59m	$1.5M	$609K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.217%Rate

Funding earned: $0
Price spread: +0.217% → +0.308%: −$9.02
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$21.02
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Bitget: live order book, 2 min ago. 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 Variational Omni RFQ quote, 60 min ago	11.88 bp	doesn't fit	111.8 bp −$1,118	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	6.35 bp	36.4 bp −$36	75.3 bp −$753	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	11.010	+0.067%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.002	−0.006%	$39K	$166K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.006	+0.023%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.011	+0.072%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.016	+0.117%	$964K	$980K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.000	−0.028%	$1.6M	$110K	50x	as long as short
Bitget NOKSTOCKUSDTshort	0.0000%	8h	11.027	+0.217%	$1.5M	$609K	20x
Variational Omni NOKlong	0.0000%	8h	11.003	long leg	$136K	$113K	—
GRVT NOK_USDT_Perp	0.0000%	8h	11.010	+0.063%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.000	−0.028%	$853	$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	11.010	+0.063%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.000	−0.028%	$1.6M	$545K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.000	−0.028%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.000	−0.028%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	+0.063%	$301K	$397K	20x	as long as short
tradeXYZ xyz:NOK	+0.0203%	1h	11.005	+0.018%	$4.2M	$1.1M	10x	as long as short