Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0784%/8h= −85.8% APRnext payment −$0.98 per $10,000 · paid last 24h —

Price spread now: Lighter against Extended−0.331%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Lighter is 0.331% cheaper against Extended than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NOK-USD	10.751	0.0816	pay 0.0102% / 1h	56m 30s	$36K	$277K	10x
Short	Lighter NOK	10.715	0.0032	get 0.0004% / 1h	56m 30s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.331%Rate

Funding earned: −$164.64
Price spread: −0.331% → 0.000%: −$33.14
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$202.78
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 49 min ago; Lighter: no order-book sample. Net counts fees only.

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, 49 min ago	7.86 bp	23.3 bp −$23	155.4 bp −$1,554	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOK on 16 exchanges

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	10.746	−0.044%	$65K	$7K	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.768	+0.162%	$1.5M	$457K	20x	as long as short
SunX NOK-USDT	0.0000%	8h	10.760	+0.087%	$1K	$959K	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.810	+0.552%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.760	+0.087%	$1.6M	$639K	10x	as long as short
Vest NOK-PERP	+0.0004%	1h	10.710	−0.378%	—	—	10x	as long as short
Lighter NOKshort	+0.0032%	1h	10.715	−0.331%	—	—	10x
KuCoin NOKUSDTM	+0.0100%	8h	10.750	−0.006%	$293K	$460K	20x	as long as short
GRVT NOK_USDT_Perp	+0.0221%	8h	10.800	+0.462%	$3K	$95K	10x	as long as short
OKX NOK-USDT-SWAP	+0.0275%	8h	10.742	−0.080%	$1.2M	$1.2M	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOK_USDT	+0.0439%	8h	10.760	+0.087%	$919K	$843K	50x	as long as short
tradeXYZ xyz:NOK	+0.0471%	1h	10.731	−0.183%	$4.6M	$1.3M	10x	as long as short
Variational Omni NOK	+0.0543%	8h	10.802	+0.479%	$130K	$118K	—	as long as short
Extended NOK-USDlong	+0.0816%	1h	10.751	long leg	$36K	$277K	10x
MEXC NOKSTOCK_USDT	+0.0817%	8h	10.740	−0.099%	$1.5M	$116K	50x	as long as short
Binance NOKUSDT	+0.0822%	8h	10.752	+0.017%	$7.4M	$10.2M	20x	as long as short