Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%

Price spread now: OKX against Gate−0.063%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1011.008% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.063%, 7d avg −0.024%

Together, before fees+0.003%$0 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: OKX is 0.040% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOK_USDT	11.028	0	get 0.0000% / 8h	4h 09m	$965K	$993K	50x
Short	OKX NOK-USDT-SWAP	11.021	0	get 0.0000% / 8h	4h 09m	$1.2M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.024%: −$3.95
Slippage, 4 orders: −$75.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$104.78
Costs to cover: 1.008%
Break-even: never at this rate

Slippage from Gate: live order book, 33 min ago; OKX: live order book, 2 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 Gate live order book, 33 min ago	0.45 bp	24.6 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	5.45 bp	23.0 bp −$23	257.5 bp −$2,575	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	11.019	−0.082%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.017	−0.101%	$39K	$166K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.020	−0.073%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAPshort	0.0000%	8h	11.021	−0.063%	$1.2M	$1.2M	20x
Gate NOK_USDTlong	0.0000%	8h	11.028	long leg	$965K	$993K	50x
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	−0.163%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.035	+0.063%	$1.5M	$609K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	−0.136%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.010	−0.163%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.020	−0.073%	$893	$1.4M	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	11.030	+0.018%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.010	−0.163%	$1.6M	$544K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.009	−0.172%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.020	−0.073%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	11.018	−0.091%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	−0.163%	$301K	$395K	20x	as long as short