Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h −0.026%

Price spread now: Gate against Extended+0.093%7-day average +0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$290as in the Price arb table

costs, in and out, $10k−$2872.867% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now +0.093%, 7d avg +0.127%

Together, before fees+0.010%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.034% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.127%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NOK-USD	10.837	0.0288	pay 0.0036% / 1h	56m 12s	$38K	$261K	10x
Short	Gate NOK_USDT	10.847	0.0110	get 0.0110% / 8h	56m 12s	$937K	$976K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.093%Rate

Funding earned: −$37.38
Price spread: +0.093% → +0.127%: −$3.44
Slippage, 4 orders: −$266.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$327.51
Costs to cover: 2.867%
Break-even: never at this rate

Slippage from Extended: live order book, 44 min ago; Gate: live order book, 6 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, 44 min ago	8.26 bp	22.4 bp −$22	145.9 bp −$1,459	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	5.47 bp	58.6 bp −$59	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	10.838	+0.006%	$66K	$7K	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.848	+0.102%	$1.2M	$1.2M	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.869	+0.296%	$1.5M	$573K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.951	+1.052%	$3K	$125K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.830	−0.064%	$1K	$1.3M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.920	+0.767%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.840	+0.029%	$1.6M	$591K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.820	−0.156%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.820	−0.156%	—	—	10x	as long as short
Variational Omni NOK	+0.0097%	8h	10.953	+1.072%	$132K	$117K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOKUSDTM	+0.0100%	8h	10.830	−0.064%	$296K	$444K	20x	as long as short
Gate NOK_USDTshort	+0.0110%	8h	10.847	+0.093%	$937K	$976K	50x
MEXC NOKSTOCK_USDT	+0.0283%	8h	10.840	+0.029%	$1.5M	$118K	50x	as long as short
Binance NOKUSDT	+0.0284%	8h	10.840	+0.029%	$7.2M	$9.6M	20x	as long as short
Extended NOK-USDlong	+0.0288%	1h	10.837	long leg	$38K	$261K	10x
tradeXYZ xyz:NOK	+0.0330%	1h	10.831	−0.055%	$4.3M	$1.3M	10x	as long as short