Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Aster against Lighter+0.027%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.027% dearer against Lighter than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NOK	11.019	0.0032	pay 0.0004% / 1h	1m 48s	—	—	10x
Short	Aster NOKUSDT	11.022	0	get 0.0000% / 8h	5h 01m	$67K	$7K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$6.72
Price spread: +0.027% → 0.000%: $2.71
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$12.01
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Aster: 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 Lighter no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Lighter and Aster: 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 NOKUSDTshort	0.0000%	8h	11.022	+0.027%	$67K	$7K	20x
Extended NOK-USD	0.0000%	1h	11.023	+0.040%	$39K	$167K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.023	+0.033%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.030	+0.100%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	+0.009%	$1.6M	$114K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.035	+0.145%	$1.5M	$586K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	−0.056%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.010	−0.082%	$3K	$147K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.010	−0.082%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	11.030	+0.100%	$9K	$5K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NOKUSDT	0.0000%	8h	11.020	+0.009%	$1.6M	$542K	10x	as long as short
Gate NOK_USDT	+0.0012%	8h	11.033	+0.127%	$967K	$998K	50x	as long as short
Lighter NOKlong	+0.0032%	1h	11.019	long leg	—	—	10x
Vest NOK-PERP	+0.0046%	1h	11.020	+0.009%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0051%	1h	11.019	0.000%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.020	+0.009%	$301K	$365K	20x	as long as short