Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0360%/8h= +39.4% APRpaid last 24h +0.073%

Price spread now: tradeXYZ against Aster−0.023%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.381%+$38 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.023% cheaper against Aster than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NOKUSDT	11.019	0	get 0.0000% / 8h	6h 13m	$67K	$7K	20x
Short	tradeXYZ xyz:NOK	11.016	0.0360	get 0.0045% / 1h	13m 22s	$4.2M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.023%Rate

Funding earned: $75.59
Price spread: −0.023% → 0.000%: −$2.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $47.3
Costs to cover: 0.260%
Break-even: 2.6 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 5 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 Aster no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 5 min ago	2.27 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit

Aster: 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	11.019	long leg	$67K	$7K	20x
Extended NOK-USD	0.0000%	1h	11.017	−0.012%	$40K	$172K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.020	+0.013%	$7.5M	$8.9M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.026	+0.068%	$1.2M	$1.3M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.027	+0.077%	$971K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	+0.013%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.051	+0.295%	$1.5M	$581K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	−0.051%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.023	+0.039%	$3K	$150K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.020	+0.013%	$915	$1.5M	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	11.010	−0.077%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.020	+0.013%	$1.6M	$538K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.009	−0.086%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.000	−0.168%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	−0.077%	$300K	$333K	20x	as long as short
tradeXYZ xyz:NOKshort	+0.0360%	1h	11.016	−0.023%	$4.2M	$1.1M	10x