NOK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0403%/8h= −44.1% APRnext payment −$4.03 per $10,000 · paid last 24h −0.037%

Price spread now: Phemex against Binance0.000%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1861.863% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now 0.000%, 7d avg −0.007%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.125% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOKUSDT	10.790	0.0403	pay 0.0403% / 8h	34m 01s	$7.2M	$9.8M	20x
Short	Phemex NOKUSDT	10.790	0	get 0.0000% / 8h	34m 01s	$1.6M	$605K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$84.56
Price spread: 0.000% → −0.007%: $0.74
Slippage, 4 orders: −$164.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$270.07
Costs to cover: 1.863%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Phemex: live order book, 4 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, 6 min ago	4.64 bp	15.7 bp −$16	57.7 bp −$577	263.5 bp −$26.4K	doesn't fit
Sell Phemex live order book, 4 min ago	23.20 bp	82.6 bp −$83	doesn't fit	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
Bitget NOKSTOCKUSDT	−0.0221%	8h	10.817	+0.250%	$1.5M	$569K	20x	as long as short
Aster NOKUSDT	0.0000%	8h	10.791	+0.014%	$66K	$7K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.789	−0.013%	$3K	$121K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.790	0.000%	$1K	$1.3M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.780	−0.093%	$9K	$6K	10x	as long as short
Phemex NOKUSDTshort	0.0000%	8h	10.790	0.000%	$1.6M	$605K	10x
OKX NOK-USDT-SWAP	+0.0002%	8h	10.792	+0.019%	$1.2M	$1.3M	20x	as long as short
Lighter NOK	+0.0032%	1h	10.769	−0.195%	—	—	10x	as long as short
Vest NOK-PERP	+0.0033%	1h	10.760	−0.278%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.780	−0.093%	$294K	$448K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOK_USDT	+0.0157%	8h	10.807	+0.158%	$946K	$1.0M	50x	as long as short
Variational Omni NOK	+0.0197%	8h	10.773	−0.158%	$129K	$117K	—	as long as short
MEXC NOKSTOCK_USDT	+0.0396%	8h	10.790	0.000%	$1.5M	$119K	50x	as long as short
Extended NOK-USD	+0.0400%	1h	10.787	−0.025%	$37K	$274K	10x	as long as short
Binance NOKUSDTlong	+0.0403%	8h	10.790	long leg	$7.2M	$9.8M	20x
tradeXYZ xyz:NOK	+0.0501%	1h	10.774	−0.148%	$4.4M	$1.3M	10x	as long as short