Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0584%/8h= +63.9% APRnext payment +$0.73 per $10,000 · paid last 24h —

Price spread now: Extended against Lighter+0.167%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 Extended

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 · Extended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Extended is 0.167% dearer against Lighter than usual: you sell high and buy low: +$17 more if the spread 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	Lighter NOK	10.794	0.0032	pay 0.0004% / 1h	44m 13s	—	—	10x
Short	Extended NOK-USD	10.812	0.0616	get 0.0077% / 1h	44m 13s	$37K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.167%Rate

Funding earned: $122.64
Price spread: +0.167% → 0.000%: $16.66
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $134.3
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Extended: live order book, 66 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 Extended live order book, 66 min ago	7.39 bp	22.3 bp −$22	123.2 bp −$1,232	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 exchanges

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	10.816	+0.203%	$66K	$7K	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.836	+0.389%	$1.5M	$544K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.844	+0.463%	$3K	$97K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.840	+0.426%	$1K	$1.1M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.850	+0.519%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.810	+0.148%	$1.6M	$644K	10x	as long as short
Vest NOK-PERP	+0.0009%	1h	10.790	−0.037%	—	—	10x	as long as short
Lighter NOKlong	+0.0032%	1h	10.794	long leg	—	—	10x
KuCoin NOKUSDTM	+0.0100%	8h	10.810	+0.148%	$295K	$457K	20x	as long as short
OKX NOK-USDT-SWAP	+0.0158%	8h	10.823	+0.269%	$1.2M	$1.2M	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOK_USDT	+0.0247%	8h	10.831	+0.343%	$925K	$931K	50x	as long as short
Variational Omni NOK	+0.0375%	8h	10.832	+0.354%	$131K	$118K	—	as long as short
tradeXYZ xyz:NOK	+0.0377%	1h	10.802	+0.074%	$4.5M	$1.3M	10x	as long as short
Extended NOK-USDshort	+0.0616%	1h	10.812	+0.167%	$37K	$278K	10x
Binance NOKUSDT	+0.0618%	8h	10.815	+0.199%	$7.4M	$10.3M	20x	as long as short
MEXC NOKSTOCK_USDT	+0.0623%	8h	10.810	+0.148%	$1.5M	$115K	50x	as long as short