Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.030%

Price spread now: Variational Omni against Extended−0.242%7-day average +0.018% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.263%+$26 · spread now −0.242%, 7d avg +0.018%

Together, before fees+0.218%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$22 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: Variational Omni is 0.260% cheaper against Extended than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NOK-USD	10.929	0	get 0.0000% / 1h	6m 46s	$37K	$160K	10x
Short	Variational Omni NOK	10.903	0	get 0.0000% / 8h	3h 06m	$135K	$113K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.242%Rate

Funding earned: $0
Price spread: −0.242% → +0.018%: −$26.03
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.03
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 44 min ago; Variational Omni: RFQ quote, 47 min ago. 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, 44 min ago	8.20 bp	23.3 bp −$23	131.8 bp −$1,318	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 47 min ago	11.92 bp	doesn't fit	115.3 bp −$1,153	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	10.939	+0.087%	$67K	$7K	20x	as long as short
Extended NOK-USDlong	0.0000%	1h	10.929	long leg	$37K	$160K	10x
Binance NOKUSDT	0.0000%	8h	10.950	+0.188%	$7.3M	$9.3M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.958	+0.262%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.940	+0.097%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.968	+0.353%	$1.5M	$590K	20x	as long as short
Variational Omni NOKshort	0.0000%	8h	10.903	−0.242%	$135K	$113K	—
GRVT NOK_USDT_Perp	0.0000%	8h	10.906	−0.211%	$3K	$137K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.910	−0.178%	$851	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.920	−0.086%	$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	10.920	−0.086%	$1.6M	$566K	10x	as long as short
Gate NOK_USDT	+0.0002%	8h	10.946	+0.152%	$951K	$1.0M	50x	as long as short
Lighter NOK	+0.0032%	1h	10.919	−0.095%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.880	−0.452%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.920	−0.086%	$299K	$413K	20x	as long as short
tradeXYZ xyz:NOK	+0.0456%	1h	10.936	+0.060%	$4.3M	$1.2M	10x	as long as short