Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: Extended against Bitget−0.078%7-day average −0.310% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1121.123% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.078%, 7d avg −0.310%

Together, before fees+0.084%+ Points / potential airdropExtended: Active · farm board+$8 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: Extended is 0.232% dearer against Bitget than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.310%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOKSTOCKUSDT	10.982	0	get 0.0000% / 8h	42m 10s	$1.5M	$575K	20x
Short	Extended NOK-USD	10.973	0	get 0.0000% / 1h	42m 10s	$38K	$202K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.310%: $23.23
Slippage, 4 orders: −$95.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$89.1
Costs to cover: 1.123%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Extended: live order book, 34 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 Bitget live order book, 4 min ago	8.19 bp	19.4 bp −$19	26.7 bp −$267	doesn't fit	doesn't fit
Sell Extended live order book, 34 min ago	7.78 bp	22.4 bp −$22	146.6 bp −$1,466	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	10.981	−0.013%	$67K	$7K	20x	as long as short
Extended NOK-USDshort	0.0000%	1h	10.973	−0.078%	$38K	$202K	10x
Binance NOKUSDT	0.0000%	8h	10.975	−0.063%	$7.5M	$8.7M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.980	−0.018%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.985	+0.027%	$983K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.970	−0.109%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDTlong	0.0000%	8h	10.982	long leg	$1.5M	$575K	20x
Variational Omni NOK	0.0000%	8h	10.984	+0.015%	$71K	$78K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.970	−0.109%	$4K	$163K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.980	−0.018%	$324	$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	−0.200%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.980	−0.018%	$1.6M	$522K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.974	−0.073%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.980	−0.018%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0083%	1h	10.976	−0.055%	$4.3M	$1.0M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.980	−0.018%	$300K	$272K	20x	as long as short