Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

NOK

RWAAll NOK markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Variational OmniNOK
10.18800.0000% / 8h7h 59m$88K$31K20xLong Variational Omni+15% pts
SHORT
BybitNOKIAUSDT
10.19500.0000% / 8h7h 59m$375K$84K25xShort Bybit
Price gap+0.065%
Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$6 on $10k if the gap goes back to zero (no 7-day history yet).

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$370.0000% /8h now · paid +0.372% over the last 7D
Price—spread +0.065% now · no price history on both exchanges yet
Costs−$2752.752% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both price histories

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.065%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

NOK on 18 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size58.7 / 67.9 bp
    At $10k entering Bybit costs 67.9 bp, fee and slippage, 1.2× Variational Omni’s.
  • Note: Margin at max leverage$500 + $400
    Variational Omni 20x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: $0.00Long Variational Omni: 3 payments, $0.00; short Bybit: 3 payments, $0.00.
  • Note: No 7-day spread history+0.065%
    The gap cannot be compared with its average yet.
  • Watch: Long leg is thinner$88K vs $375K OI
    Variational Omni sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points
    Volume here counts toward the points program.
  • Watch: KYCVariational Omni No · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0177%/8h × 21 periods+$37.16
Price spread+0.065% → 0+$6.45
Slippage, 4 orderslive order books−$264.18
Fee Variational Omni bp × 2 orders$0.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$231.58
Costs to cover2.752%Break-even50.6 days
Slippage: Variational Omni: RFQ quote, 58 min ago; Bybit: live order book, 49 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGVariational Omni12.5158.7 bp−$59104.9 bp−$1,049doesn’t fitdoesn’t fit
SELL · SHORTBybit3.8867.9 bp−$68124.4 bp−$1,244doesn’t fitdoesn’t fit

Closing costs about the same again.

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