Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.025%

Price spread now: OKX against Vest+0.164%7-day average — · you sell dearer than you buy

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

Long on Vest Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. OKX is 0.164% dearer against Vest than usual: you sell high and buy low (spread +0.164% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOK-PERP	11.000	0.0046	pay 0.0006% / 1h	13m 10s	—	—	10x
Short	OKX NOK-USDT-SWAP	11.018	0	get 0.0000% / 8h	4h 13m	$1.2M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Vest. 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 VestbpFee OKXbpOrdersPrice spread, now +0.164%Rate

Funding earned: −$9.59
Price spread: +0.164% → 0.000%: $16.36
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$5.23
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; OKX: live order book, 3 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 Vest no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	1.36 bp	27.0 bp −$27	263.7 bp −$2,637	doesn't fit	doesn't fit

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
Aster NOKUSDT	0.0000%	8h	11.014	+0.124%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.007	+0.063%	$39K	$172K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.010	+0.091%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAPshort	0.0000%	8h	11.018	+0.164%	$1.2M	$1.2M	20x
Gate NOK_USDT	0.0000%	8h	11.020	+0.182%	$965K	$992K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	+0.091%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.027	+0.245%	$1.5M	$594K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	+0.119%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.000	0.000%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.000	0.000%	$889	$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	11.000	0.000%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.010	+0.091%	$1.6M	$544K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.009	+0.082%	—	—	10x	as long as short
Vest NOK-PERPlong	+0.0046%	1h	11.000	long leg	—	—	10x
tradeXYZ xyz:NOK	+0.0050%	1h	11.009	+0.082%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	+0.091%	$300K	$394K	20x	as long as short