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 −0.006%

Price spread now: Variational Omni against Gate−0.117%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.117% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOK_USDT	11.056	0	get 0.0000% / 8h	7h 00m	$991K	$1.0M	50x
Short	Variational Omni NOK	11.043	0	get 0.0000% / 8h	7h 00m	$137K	$121K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → 0.000%: −$11.7
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.7
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Variational Omni: RFQ quote, 8 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 Gate live order book, 2 min ago	5.42 bp	30.4 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 8 min ago	11.85 bp	doesn't fit	106.7 bp −$1,067	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	11.058	+0.017%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.044	−0.107%	$37K	$171K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.050	−0.054%	$7.6M	$8.8M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.059	+0.027%	$1.2M	$1.3M	20x	as long as short
Gate NOK_USDTlong	0.0000%	8h	11.056	long leg	$991K	$1.0M	50x
MEXC NOKSTOCK_USDT	0.0000%	8h	11.050	−0.054%	$1.6M	$116K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.065	+0.081%	$1.5M	$582K	20x	as long as short
Variational Omni NOKshort	0.0000%	8h	11.043	−0.117%	$137K	$121K	—
GRVT NOK_USDT_Perp	0.0000%	8h	11.051	−0.050%	$3K	$155K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.040	−0.145%	$1K	$1.5M	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	11.050	−0.054%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.040	−0.145%	$1.6M	$531K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.060	+0.036%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.060	+0.036%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	11.053	−0.027%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.060	+0.036%	$302K	$313K	20x	as long as short