Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h —

Price spread now: Lighter against MEXC−0.101%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Lighter

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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.101% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOKSTOCK_USDT	10.930	0.0160	pay 0.0160% / 8h	2h 07m	$1.5M	$118K	50x
Short	Lighter NOK	10.919	0.0032	get 0.0004% / 1h	7m 57s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$26.88
Price spread: −0.101% → 0.000%: −$10.06
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$36.94
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Lighter: 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 MEXC live order book, 3 min ago	13.72 bp	22.3 bp −$22	37.0 bp −$370	133.2 bp −$13.3K	280.9 bp −$140.4K
Sell Lighter no order-book sample	—	—	—	—	—

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	10.944	+0.125%	$67K	$7K	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.951	+0.192%	$1.2M	$1.3M	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.939	+0.082%	$1.5M	$595K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.934	+0.034%	$3K	$131K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.940	+0.091%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.970	+0.366%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.950	+0.183%	$1.6M	$586K	10x	as long as short
Variational Omni NOK	+0.0009%	8h	10.943	+0.120%	$131K	$117K	—	as long as short
Lighter NOKshort	+0.0032%	1h	10.919	−0.101%	—	—	10x
Vest NOK-PERP	+0.0046%	1h	10.920	−0.091%	—	—	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOKUSDTM	+0.0100%	8h	10.930	0.000%	$298K	$430K	20x	as long as short
Gate NOK_USDT	+0.0157%	8h	10.954	+0.220%	$954K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDTlong	+0.0160%	8h	10.930	long leg	$1.5M	$118K	50x
Extended NOK-USD	+0.0168%	1h	10.947	+0.153%	$38K	$160K	10x	as long as short
Binance NOKUSDT	+0.0169%	8h	10.949	+0.176%	$7.3M	$9.6M	20x	as long as short
tradeXYZ xyz:NOK	+0.0433%	1h	10.939	+0.082%	$4.3M	$1.2M	10x	as long as short