Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.038%

Price spread now: tradeXYZ against MEXC+0.045%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on MEXC Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.257%+$26 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.045%, 7d avg −0.016%

Together, before fees+0.165%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.061% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOKSTOCK_USDT	11.020	0	get 0.0000% / 8h	4h 59m	$1.6M	$111K	50x
Short	tradeXYZ xyz:NOK	11.025	0.0050	get 0.0006% / 1h	59m 19s	$4.2M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.045%Rate

Funding earned: $10.5
Price spread: +0.045% → −0.016%: $6.15
Slippage, 4 orders: −$20.57
Fee MEXC: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.92
Costs to cover: 0.386%
Break-even: 21.6 days

Slippage from MEXC: live order book, 2 min ago; tradeXYZ: live order book, 9 min ago.

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, 2 min ago	4.53 bp	7.7 bp −$8	34.8 bp −$348	144.3 bp −$14.4K	284.9 bp −$142.5K
Sell tradeXYZ live order book, 9 min ago	1.36 bp	10.9 bp −$11	19.1 bp −$191	doesn't fit	doesn't fit

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	11.030	+0.087%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.025	+0.048%	$39K	$167K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.028	+0.075%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.024	+0.036%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDTlong	0.0000%	8h	11.020	long leg	$1.6M	$111K	50x
Bitget NOKSTOCKUSDT	0.0000%	8h	11.040	+0.181%	$1.5M	$586K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.023	+0.025%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.012	−0.076%	$3K	$147K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.020	0.000%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	11.030	+0.091%	$9K	$5K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NOKUSDT	0.0000%	8h	11.030	+0.091%	$1.6M	$542K	10x	as long as short
Gate NOK_USDT	+0.0008%	8h	11.034	+0.127%	$967K	$987K	50x	as long as short
Lighter NOK	+0.0032%	1h	11.019	−0.009%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.020	0.000%	—	—	10x	as long as short
tradeXYZ xyz:NOKshort	+0.0050%	1h	11.025	+0.045%	$4.2M	$1.1M	10x
KuCoin NOKUSDTM	+0.0100%	8h	11.030	+0.091%	$301K	$366K	20x	as long as short