Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.004%

Price spread now: Variational Omni against Vest−0.059%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.059% cheaper against Vest than usual: you would sell low and buy high (−$6 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	Vest NOK-PERP	11.020	0.0046	pay 0.0006% / 1h	53m 07s	—	—	10x
Short	Variational Omni NOK	11.014	0	get 0.0000% / 8h	7h 53m	$70K	$55K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.059%Rate

Funding earned: −$9.59
Price spread: −0.059% → 0.000%: −$5.89
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.48
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Variational Omni: 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Vest and Variational Omni: 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	11.015	−0.043%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.022	+0.018%	$38K	$196K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.030	+0.091%	$7.5M	$8.7M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.043	+0.209%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.030	+0.091%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.036	+0.145%	$1.5M	$567K	20x	as long as short
Variational Omni NOKshort	0.0000%	8h	11.014	−0.059%	$70K	$55K	—
GRVT NOK_USDT_Perp	0.0000%	8h	10.991	−0.265%	$3K	$160K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.020	0.000%	$1K	$1.5M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	11.010	−0.091%	$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	11.030	+0.091%	$1.6M	$519K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.009	−0.100%	—	—	10x	as long as short
Vest NOK-PERPlong	+0.0046%	1h	11.020	long leg	—	—	10x
KuCoin NOKUSDTM	+0.0100%	8h	11.020	0.000%	$300K	$282K	20x	as long as short
Gate NOK_USDT	+0.0289%	8h	11.038	+0.163%	$990K	$993K	50x	as long as short
tradeXYZ xyz:NOK	+0.1021%	1h	11.034	+0.127%	$4.3M	$1.0M	10x	as long as short