Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Gate against Lighter+0.289%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 Gate

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.289% dearer against Lighter than usual: you sell high and buy low: +$29 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	10.740	0.0032	pay 0.0004% / 1h	9m 54s	—	—	10x
Short	Gate NOK_USDT	10.771	0.0136	get 0.0136% / 8h	9m 54s	$939K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.289%Rate

Funding earned: $21.84
Price spread: +0.289% → 0.000%: $28.86
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $35.7
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	0.93 bp	29.8 bp −$30	doesn't fit	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
Bitget NOKSTOCKUSDT	−0.0431%	8h	10.806	+0.615%	$1.5M	$567K	20x	as long as short
Aster NOKUSDT	0.0000%	8h	10.755	+0.140%	$65K	$7K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.784	+0.409%	$3K	$118K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.750	+0.093%	$1K	$1.3M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.790	+0.466%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.770	+0.279%	$1.6M	$618K	10x	as long as short
OKX NOK-USDT-SWAP	+0.0013%	8h	10.781	+0.382%	$1.2M	$1.2M	20x	as long as short
Vest NOK-PERP	+0.0014%	1h	10.730	−0.093%	—	—	10x	as long as short
Lighter NOKlong	+0.0032%	1h	10.740	long leg	—	—	10x
KuCoin NOKUSDTM	+0.0100%	8h	10.750	+0.093%	$293K	$443K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOK_USDTshort	+0.0136%	8h	10.771	+0.289%	$939K	$1.0M	50x
Variational Omni NOK	+0.0229%	8h	10.764	+0.220%	$130K	$118K	—	as long as short
tradeXYZ xyz:NOK	+0.0385%	1h	10.753	+0.121%	$4.4M	$1.3M	10x	as long as short
MEXC NOKSTOCK_USDT	+0.0435%	8h	10.760	+0.186%	$1.5M	$120K	50x	as long as short
Binance NOKUSDT	+0.0436%	8h	10.760	+0.186%	$7.2M	$10.0M	20x	as long as short
Extended NOK-USD	+0.0440%	1h	10.751	+0.102%	$39K	$277K	10x	as long as short