Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h —

Price spread now: Lighter against Gate−0.421%7-day average — · you buy dearer than you sell

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

Long on Gate 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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.421% cheaper against Gate than usual: you would sell low and buy high (−$42 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	Gate NOK_USDT	10.915	0.0095	pay 0.0095% / 8h	2h 23m	$949K	$1.0M	50x
Short	Lighter NOK	10.869	0.0032	get 0.0004% / 1h	23m 54s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.421%Rate

Funding earned: −$13.23
Price spread: −0.421% → 0.000%: −$42.14
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$70.37
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	5.96 bp	189.3 bp −$189	doesn't fit	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 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	10.885	−0.275%	$66K	$7K	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.909	−0.055%	$1.2M	$1.3M	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.939	+0.220%	$1.5M	$595K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.893	−0.200%	$131K	$117K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.890	−0.229%	$3K	$134K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.890	−0.229%	$810	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.870	−0.412%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.900	−0.137%	$1.6M	$583K	10x	as long as short
Lighter NOKshort	+0.0032%	1h	10.869	−0.421%	—	—	10x
MEXC NOKSTOCK_USDT	+0.0042%	8h	10.890	−0.229%	$1.5M	$117K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NOK-PERP	+0.0046%	1h	10.870	−0.412%	—	—	10x	as long as short
Binance NOKUSDT	+0.0056%	8h	10.901	−0.126%	$7.3M	$9.5M	20x	as long as short
Extended NOK-USD	+0.0056%	1h	10.897	−0.165%	$40K	$158K	10x	as long as short
Gate NOK_USDTlong	+0.0095%	8h	10.915	long leg	$949K	$1.0M	50x
KuCoin NOKUSDTM	+0.0100%	8h	10.880	−0.321%	$296K	$429K	20x	as long as short
tradeXYZ xyz:NOK	+0.0443%	1h	10.884	−0.284%	$4.3M	$1.2M	10x	as long as short