Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Binance against Extended−0.148%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.606%+$61 · spread now −0.148%, 7d avg +0.049%

Together, before fees+0.601%+ Points / potential airdropExtended: Active · farm board+$60 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: Binance is 0.197% cheaper against Extended than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NOK-USD	11.007	0	get 0.0000% / 1h	44m 16s	$39K	$166K	10x
Short	Binance NOKUSDT	10.991	0	get 0.0000% / 8h	3h 44m	$7.5M	$9.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.148%Rate

Funding earned: $0
Price spread: −0.148% → +0.049%: −$19.69
Slippage, 4 orders: −$59.23
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$93.91
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from Extended: live order book, 7 min ago; Binance: live order book, 10 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 Extended live order book, 7 min ago	8.20 bp	23.3 bp −$23	131.8 bp −$1,318	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	4.55 bp	11.6 bp −$12	59.0 bp −$590	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	11.003	−0.039%	$67K	$7K	20x	as long as short
Extended NOK-USDlong	0.0000%	1h	11.007	long leg	$39K	$166K	10x
Binance NOKUSDTshort	0.0000%	8h	10.991	−0.148%	$7.5M	$9.0M	20x
OKX NOK-USDT-SWAP	0.0000%	8h	11.008	+0.009%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.018	+0.100%	$957K	$985K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.000	−0.063%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.021	+0.127%	$1.5M	$607K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	+0.055%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.990	−0.154%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.010	+0.028%	$802	$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	11.010	+0.028%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.990	−0.154%	$1.6M	$546K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.980	−0.245%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.980	−0.245%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.990	−0.154%	$300K	$399K	20x	as long as short
tradeXYZ xyz:NOK	+0.0210%	1h	11.000	−0.063%	$4.2M	$1.1M	10x	as long as short