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 −0.037%

Price spread now: SunX against Binance0.000%7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2252.254% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 2 days (all we have)−0.038%−$4 · spread now 0.000%, 7d avg −0.075%

Together, before fees−0.227%−$23 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: SunX is 0.075% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOKUSDT	10.970	0	get 0.0000% / 8h	13m 20s	$7.5M	$8.7M	20x
Short	SunX NOK-USDT	10.970	0	get 0.0000% / 8h	13m 20s	$909	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.075%: $7.45
Slippage, 4 orders: −$207.44
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$217.98
Costs to cover: 2.254%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; SunX: live order book, 11 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	11.5 bp −$12	55.4 bp −$554	835.1 bp −$83.5K	doesn't fit
Sell SunX live order book, 11 min ago	50.16 bp	102.0 bp −$102	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
Aster NOKUSDT	0.0000%	8h	10.974	+0.035%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.968	−0.019%	$38K	$202K	10x	as long as short
Binance NOKUSDTlong	0.0000%	8h	10.970	long leg	$7.5M	$8.7M	20x
OKX NOK-USDT-SWAP	0.0000%	8h	10.973	+0.027%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.972	+0.018%	$981K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.970	0.000%	$1.6M	$115K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.983	+0.119%	$1.5M	$568K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.973	+0.031%	$71K	$54K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.960	−0.091%	$3K	$161K	10x	as long as short
SunX NOK-USDTshort	0.0000%	8h	10.970	0.000%	$909	$1.5M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOK-USDT	0.0000%	8h	10.950	−0.182%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.960	−0.091%	$1.6M	$519K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.964	−0.055%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.970	0.000%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	10.965	−0.046%	$4.3M	$989K	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.960	−0.091%	$300K	$281K	20x	as long as short