Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: OKX against Binance+0.016%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$990.987% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.045%+$5 · spread now +0.016%, 7d avg +0.038%

Together, before fees−0.031%−$3 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: OKX is 0.022% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOKUSDT	10.964	0	get 0.0000% / 8h	3h 40m	$7.4M	$9.0M	20x
Short	OKX NOK-USDT-SWAP	10.966	0	get 0.0000% / 8h	3h 40m	$1.2M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → +0.038%: −$2.22
Slippage, 4 orders: −$78.74
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$100.95
Costs to cover: 0.987%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; OKX: live order book, 1 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, 14 min ago	4.55 bp	18.6 bp −$19	49.6 bp −$496	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.46 bp	37.7 bp −$38	235.2 bp −$2,352	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	10.966	+0.017%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.961	−0.032%	$38K	$166K	10x	as long as short
Binance NOKUSDTlong	0.0000%	8h	10.964	long leg	$7.4M	$9.0M	20x
OKX NOK-USDT-SWAPshort	0.0000%	8h	10.966	+0.016%	$1.2M	$1.2M	20x
Gate NOK_USDT	0.0000%	8h	10.977	+0.116%	$952K	$988K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.960	−0.039%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.018	+0.490%	$1.5M	$604K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.963	−0.011%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.018	+0.491%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.960	−0.039%	$895	$1.4M	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	10.990	+0.235%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.970	+0.052%	$1.6M	$549K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.960	−0.039%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.960	−0.039%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.970	+0.052%	$299K	$400K	20x	as long as short
tradeXYZ xyz:NOK	+0.0194%	1h	10.965	+0.007%	$4.2M	$1.1M	10x	as long as short