Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Bitget against Binance+0.073%7-day average +0.301% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$900.901% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 2 days (all we have)+0.433%+$43 · spread now +0.073%, 7d avg +0.301%

Together, before fees+0.467%+$47 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.228% cheaper against Binance than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.301%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOKUSDT	10.980	0	get 0.0000% / 8h	43m 26s	$7.5M	$8.7M	20x
Short	Bitget NOKSTOCKUSDT	10.988	0	get 0.0000% / 8h	43m 26s	$1.5M	$575K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.301%: −$22.8
Slippage, 4 orders: −$68.15
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$112.95
Costs to cover: 0.901%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bitget: live order book, 3 min ago.

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 Binance live order book, 11 min ago	4.56 bp	14.0 bp −$14	51.2 bp −$512	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	8.19 bp	47.2 bp −$47	71.5 bp −$715	doesn't fit	doesn't fit

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	10.980	+0.003%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.978	−0.017%	$38K	$202K	10x	as long as short
Binance NOKUSDTlong	0.0000%	8h	10.980	long leg	$7.5M	$8.7M	20x
OKX NOK-USDT-SWAP	0.0000%	8h	10.987	+0.064%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.992	+0.109%	$987K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.980	0.000%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDTshort	0.0000%	8h	10.988	+0.073%	$1.5M	$575K	20x
Variational Omni NOK	0.0000%	8h	10.984	+0.033%	$71K	$78K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.970	−0.091%	$4K	$163K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.980	0.000%	$228	$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	10.960	−0.182%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.990	+0.091%	$1.6M	$522K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.974	−0.055%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.980	0.000%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0086%	1h	10.982	+0.018%	$4.3M	$1.0M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.980	0.000%	$300K	$272K	20x	as long as short