Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Binance against Lighter+0.113%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 Binance

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 · farm boardneeds both histories

The price spread pays, funding is against you. Binance is 0.113% dearer against Lighter than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NOK	11.009	0.0032	pay 0.0004% / 1h	36m 28s	—	—	10x
Short	Binance NOKUSDT	11.021	0	get 0.0000% / 8h	6h 36m	$7.5M	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.113%Rate

Funding earned: −$6.72
Price spread: +0.113% → 0.000%: $11.29
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$5.43
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 3 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 Lighter no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	4.54 bp	9.5 bp −$10	54.6 bp −$546	doesn't fit	doesn't fit

Lighter: 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 NOKUSDT	0.0000%	8h	11.023	+0.124%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.017	+0.075%	$37K	$169K	10x	as long as short
Binance NOKUSDTshort	0.0000%	8h	11.021	+0.113%	$7.5M	$8.9M	20x
OKX NOK-USDT-SWAP	0.0000%	8h	11.037	+0.254%	$1.2M	$1.3M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.030	+0.191%	$985K	$988K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	+0.100%	$1.6M	$112K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.045	+0.327%	$1.5M	$580K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	+0.039%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.022	+0.122%	$4K	$150K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.010	+0.009%	$700	$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	+0.009%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.020	+0.100%	$1.6M	$535K	10x	as long as short
Lighter NOKlong	+0.0032%	1h	11.009	long leg	—	—	10x
Vest NOK-PERP	+0.0046%	1h	11.020	+0.100%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	+0.009%	$301K	$324K	20x	as long as short
tradeXYZ xyz:NOK	+0.0181%	1h	11.020	+0.100%	$4.2M	$1.1M	10x	as long as short