NOK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against KuCoin+0.091%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$365as in the Funding arb table

Net, price: spread back to 7d avg − costs−$334as in the Price arb table

costs, in and out, $10k−$3443.441% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)−0.169%−$17 · spread now +0.091%, 7d avg −0.013%

Together, before fees−0.379%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.104% dearer against KuCoin than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of −0.013%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOKUSDTM	11.010	0.0100	pay 0.0100% / 8h	6h 14m	$300K	$333K	20x
Short	Phemex NOKUSDT	11.020	0	get 0.0000% / 8h	6h 14m	$1.6M	$538K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$21
Price spread: +0.091% → −0.013%: $10.39
Slippage, 4 orders: −$320.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$354.7
Costs to cover: 3.441%
Break-even: never at this rate

Slippage from KuCoin: live order book, 22 min ago; Phemex: live order book, 4 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, 22 min ago	9.08 bp	119.7 bp −$120	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	4.53 bp	61.7 bp −$62	doesn't fit	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	11.021	+0.099%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.019	+0.086%	$40K	$172K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.023	+0.123%	$7.5M	$8.9M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.026	+0.145%	$1.2M	$1.3M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.036	+0.236%	$972K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	+0.091%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.051	+0.372%	$1.5M	$581K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	+0.027%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.031	+0.192%	$3K	$150K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.020	+0.091%	$915	$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	11.010	0.000%	$9K	$5K	10x	as long as short
Phemex NOKUSDTshort	0.0000%	8h	11.020	+0.091%	$1.6M	$538K	10x
Lighter NOK	+0.0032%	1h	11.009	−0.009%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.010	0.000%	—	—	10x	as long as short
KuCoin NOKUSDTMlong	+0.0100%	8h	11.010	long leg	$300K	$333K	20x
tradeXYZ xyz:NOK	+0.0361%	1h	11.019	+0.082%	$4.2M	$1.1M	10x	as long as short