Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Binance+0.015%7-day average — · you sell dearer than you buy

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

Long on Binance 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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOKUSDT	11.037	0	get 0.0000% / 8h	7h 23m	$7.6M	$8.6M	20x
Short	Lighter NOK	11.039	0.0032	get 0.0004% / 1h	23m 50s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.015%Rate

Funding earned: $6.72
Price spread: +0.015% → 0.000%: $1.48
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.8
Costs to cover: 0.100%
Break-even: 8.9 days

Slippage unknown: Binance: live order book, just now; 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 Binance live order book, just now	4.53 bp	9.5 bp −$10	37.0 bp −$370	724.7 bp −$72.5K	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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 NOKUSDT	0.0000%	8h	11.048	+0.093%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.039	+0.014%	$41K	$204K	10x	as long as short
Binance NOKUSDTlong	0.0000%	8h	11.037	long leg	$7.6M	$8.6M	20x
OKX NOK-USDT-SWAP	0.0000%	8h	11.048	+0.096%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.048	+0.096%	$989K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.040	+0.024%	$1.6M	$115K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.059	+0.196%	$1.5M	$562K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.043	+0.053%	$71K	$55K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.040	+0.024%	$4K	$155K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.030	−0.067%	$1K	$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	11.030	−0.067%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.030	−0.067%	$1.6M	$517K	10x	as long as short
Lighter NOKshort	+0.0032%	1h	11.039	+0.015%	—	—	10x
Vest NOK-PERP	+0.0046%	1h	11.060	+0.205%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0084%	1h	11.049	+0.105%	$4.2M	$999K	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.050	+0.114%	$302K	$297K	20x	as long as short