Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Aster−0.145%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.145% cheaper against Aster than usual: you would sell low and buy high (spread −0.145% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOKUSDT	10.906	0	get 0.0000% / 8h	1h 51m	$66K	$7K	20x
Short	Lighter NOK	10.890	0.0032	get 0.0004% / 1h	51m 41s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.145%Rate

Funding earned: $6.72
Price spread: −0.145% → 0.000%: −$14.5
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.78
Costs to cover: 0.080%
Break-even: 23.4 days

Slippage unknown: Aster: no order-book sample; Lighter: 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 Aster no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Aster and Lighter: 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 NOKUSDTlong	0.0000%	8h	10.906	long leg	$66K	$7K	20x
OKX NOK-USDT-SWAP	0.0000%	8h	10.904	−0.017%	$1.2M	$1.3M	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.933	+0.249%	$1.5M	$580K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.918	+0.110%	$3K	$129K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.900	−0.053%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.950	+0.405%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.900	−0.053%	$1.6M	$588K	10x	as long as short
Lighter NOKshort	+0.0032%	1h	10.890	−0.145%	—	—	10x
Vest NOK-PERP	+0.0046%	1h	10.890	−0.145%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	10.890	−0.145%	$4.3M	$1.2M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NOK	+0.0069%	8h	10.913	+0.067%	$131K	$117K	—	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.900	−0.053%	$297K	$436K	20x	as long as short
Gate NOK_USDT	+0.0157%	8h	10.904	−0.017%	$945K	$1.0M	50x	as long as short
Binance NOKUSDT	+0.0214%	8h	10.900	−0.053%	$7.3M	$9.6M	20x	as long as short
Extended NOK-USD	+0.0216%	1h	10.895	−0.102%	$37K	$162K	10x	as long as short
MEXC NOKSTOCK_USDT	+0.0216%	8h	10.900	−0.053%	$1.5M	$115K	50x	as long as short