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: Bitget against Extended+0.081%7-day average +0.310% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

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

Long on Extended Short on Bitget

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)−0.148%−$15 · spread now +0.081%, 7d avg +0.310%

Together, before fees−0.087%+ Points / potential airdropExtended: Active · farm board−$9 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: Bitget is 0.229% cheaper against Extended than usual: you would sell low and buy high, −$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	Extended NOK-USD	10.973	0	get 0.0000% / 1h	41m 48s	$38K	$202K	10x
Short	Bitget NOKSTOCKUSDT	10.982	0	get 0.0000% / 8h	41m 48s	$1.5M	$575K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.310%: −$22.92
Slippage, 4 orders: −$95.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$135.25
Costs to cover: 1.123%
Break-even: never at this rate

Slippage from Extended: live order book, 35 min ago; Bitget: live order book, 5 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, 35 min ago	7.78 bp	23.4 bp −$23	120.6 bp −$1,206	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	8.19 bp	47.2 bp −$47	71.5 bp −$715	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	10.980	+0.065%	$67K	$7K	20x	as long as short
Extended NOK-USDlong	0.0000%	1h	10.973	long leg	$38K	$202K	10x
Binance NOKUSDT	0.0000%	8h	10.975	+0.014%	$7.5M	$8.7M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.980	+0.063%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.989	+0.145%	$983K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.970	−0.028%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDTshort	0.0000%	8h	10.982	+0.081%	$1.5M	$575K	20x
Variational Omni NOK	0.0000%	8h	10.984	+0.096%	$71K	$78K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.970	−0.028%	$4K	$163K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.980	+0.063%	$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	−0.120%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.980	+0.063%	$1.6M	$522K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.974	+0.008%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.980	+0.063%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0083%	1h	10.977	+0.035%	$4.3M	$1.0M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.980	+0.063%	$300K	$272K	20x	as long as short