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 +0.012%

Price spread now: OKX against Bitget−0.238%7-day average −0.172% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1531.526% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 7 days+0.101%+$10 · spread now −0.238%, 7d avg −0.172%

Together, before fees−0.069%−$7 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 0.066% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.172%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOKSTOCKUSDT	10.947	0	get 0.0000% / 8h	2h 45m	$1.5M	$593K	20x
Short	OKX NOK-USDT-SWAP	10.921	0	get 0.0000% / 8h	2h 45m	$1.2M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.238%Rate

Funding earned: $0
Price spread: −0.238% → −0.172%: −$6.58
Slippage, 4 orders: −$130.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$159.22
Costs to cover: 1.526%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	14.63 bp	31.0 bp −$31	56.8 bp −$568	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.75 bp	52.1 bp −$52	189.4 bp −$1,894	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	10.906	−0.378%	$66K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.909	−0.348%	$42K	$160K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.909	−0.346%	$7.3M	$9.3M	20x	as long as short
OKX NOK-USDT-SWAPshort	0.0000%	8h	10.921	−0.238%	$1.2M	$1.2M	20x
MEXC NOKSTOCK_USDT	0.0000%	8h	10.910	−0.338%	$1.5M	$111K	50x	as long as short
Bitget NOKSTOCKUSDTlong	0.0000%	8h	10.947	long leg	$1.5M	$593K	20x
Variational Omni NOK	0.0000%	8h	10.913	−0.310%	$135K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.924	−0.215%	$3K	$135K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.910	−0.338%	$894	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.930	−0.155%	$9K	$5K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NOKUSDT	0.0000%	8h	10.910	−0.338%	$1.6M	$569K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.900	−0.429%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.900	−0.429%	—	—	10x	as long as short
Gate NOK_USDT	+0.0092%	8h	10.925	−0.201%	$948K	$996K	50x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.920	−0.247%	$299K	$421K	20x	as long as short
tradeXYZ xyz:NOK	+0.0539%	1h	10.901	−0.420%	$4.3M	$1.2M	10x	as long as short