Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0295%/8h= −32.3% APRpaid last 24h −0.022%

Price spread now: Vest against Variational Omni−0.123%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Vest is 0.123% cheaper against Variational Omni than usual: you would sell low and buy high (−$12 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	Variational Omni NOK	10.723	0.0287	pay 0.0287% / 8h	7h 44m	$129K	$118K	—
Short	Vest NOK-PERP	10.710	−0.0008	pay 0.0001% / 1h	44m 25s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$61.89
Price spread: −0.123% → 0.000%: −$12.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$76.23
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Vest: 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 Variational Omni RFQ quote, 54 min ago	12.05 bp	doesn't fit	151.3 bp −$1,513	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Bitget NOKSTOCKUSDT	−0.0536%	8h	10.782	+0.548%	$1.5M	$587K	20x	as long as short
Vest NOK-PERPshort	−0.0008%	1h	10.710	−0.123%	—	—	10x
Aster NOKUSDT	0.0000%	8h	10.720	−0.030%	$65K	$7K	20x	as long as short
SunX NOK-USDT	0.0000%	8h	10.720	−0.030%	$1K	$1.2M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.750	+0.250%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.740	+0.156%	$1.6M	$633K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.730	+0.063%	—	—	10x	as long as short
OKX NOK-USDT-SWAP	+0.0060%	8h	10.744	+0.194%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	+0.0089%	8h	10.755	+0.296%	$935K	$1.0M	50x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.730	+0.063%	$293K	$440K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NOK_USDT_Perp	+0.0240%	8h	10.737	+0.132%	$3K	$112K	10x	as long as short
tradeXYZ xyz:NOK	+0.0281%	1h	10.733	+0.091%	$4.4M	$1.4M	10x	as long as short
Variational Omni NOKlong	+0.0287%	8h	10.723	long leg	$129K	$118K	—
MEXC NOKSTOCK_USDT	+0.0535%	8h	10.740	+0.156%	$1.5M	$118K	50x	as long as short
Extended NOK-USD	+0.0536%	1h	10.745	+0.207%	$36K	$281K	10x	as long as short
Binance NOKUSDT	+0.0536%	8h	10.746	+0.209%	$7.2M	$10.2M	20x	as long as short