Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Lighter−0.011%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NOK	10.975	0.0032	pay 0.0004% / 1h	36m 19s	—	—	10x
Short	Variational Omni NOK	10.974	0	get 0.0000% / 8h	36m 19s	$71K	$78K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.011%Rate

Funding earned: −$6.72
Price spread: −0.011% → 0.000%: −$1.15
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.87
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—

Lighter and Variational Omni: 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	10.978	+0.026%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.973	−0.017%	$38K	$202K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.975	+0.001%	$7.5M	$8.7M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.981	+0.055%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.989	+0.128%	$983K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.970	−0.046%	$1.6M	$114K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.980	+0.046%	$1.5M	$575K	20x	as long as short
Variational Omni NOKshort	0.0000%	8h	10.974	−0.011%	$71K	$78K	—
GRVT NOK_USDT_Perp	0.0000%	8h	10.980	+0.046%	$3K	$162K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.970	−0.046%	$508	$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	10.970	−0.046%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.970	−0.046%	$1.6M	$522K	10x	as long as short
Lighter NOKlong	+0.0032%	1h	10.975	long leg	—	—	10x
Vest NOK-PERP	+0.0046%	1h	10.980	+0.046%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0070%	1h	10.977	+0.018%	$4.3M	$1.0M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.980	+0.046%	$301K	$274K	20x	as long as short