Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.009%

Price spread now: Extended against KuCoin+0.013%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2292.290% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.013%, 7d avg −0.028%

Together, before fees−0.020%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.041% dearer against KuCoin than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.028%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.075% in total) that is about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOKUSDTM	11.020	0.0100	pay 0.0100% / 8h	4h 34m	$301K	$382K	20x
Short	Extended NOK-USD	11.021	0	get 0.0000% / 1h	34m 54s	$37K	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$21
Price spread: +0.013% → −0.028%: $4.13
Slippage, 4 orders: −$212
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$245.88
Costs to cover: 2.290%
Break-even: never at this rate

Slippage from KuCoin: live order book, 47 min ago; Extended: live order book, 21 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 KuCoin live order book, 47 min ago	9.11 bp	111.9 bp −$112	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	8.17 bp	23.6 bp −$24	158.7 bp −$1,587	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	11.020	+0.004%	$67K	$7K	20x	as long as short
Extended NOK-USDshort	0.0000%	1h	11.021	+0.013%	$37K	$168K	10x
Binance NOKUSDT	0.0000%	8h	11.023	+0.031%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.024	+0.036%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.032	+0.109%	$967K	$990K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	0.000%	$1.6M	$112K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.028	+0.073%	$1.5M	$595K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.023	+0.028%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.020	0.000%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.020	0.000%	$909	$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	11.000	−0.181%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.030	+0.091%	$1.6M	$543K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.009	−0.100%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.020	0.000%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	11.009	−0.100%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTMlong	+0.0100%	8h	11.020	long leg	$301K	$382K	20x