Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: Variational Omni against MEXC+0.208%7-day average +0.008% · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.208%, 7d avg +0.008%

Together, before fees−0.138%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.199% dearer against MEXC than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOKSTOCK_USDT	11.010	0	get 0.0000% / 8h	5h 48m	$1.6M	$111K	50x
Short	Variational Omni NOK	11.033	0	get 0.0000% / 8h	5h 48m	$137K	$113K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → +0.008%: $19.92
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $19.92
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 3 min ago; Variational Omni: RFQ quote, 16 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 MEXC live order book, 3 min ago	13.60 bp	17.4 bp −$17	41.5 bp −$415	158.7 bp −$15.9K	280.8 bp −$140.4K
Sell Variational Omni RFQ quote, 16 min ago	11.88 bp	doesn't fit	95.5 bp −$955	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	11.016	+0.056%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.002	−0.070%	$37K	$173K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.005	−0.042%	$7.5M	$8.9M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.018	+0.073%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDTlong	0.0000%	8h	11.010	long leg	$1.6M	$111K	50x
Bitget NOKSTOCKUSDT	0.0000%	8h	11.029	+0.173%	$1.5M	$587K	20x	as long as short
Variational Omni NOKshort	0.0000%	8h	11.033	+0.208%	$137K	$113K	—
GRVT NOK_USDT_Perp	0.0000%	8h	11.020	+0.091%	$3K	$149K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.030	+0.182%	$827	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	11.000	−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	11.000	−0.091%	$1.6M	$536K	10x	as long as short
Gate NOK_USDT	+0.0009%	8h	11.026	+0.145%	$970K	$985K	50x	as long as short
Lighter NOK	+0.0032%	1h	11.009	−0.009%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.000	−0.091%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.020	+0.091%	$300K	$342K	20x	as long as short
tradeXYZ xyz:NOK	+0.0353%	1h	11.005	−0.045%	$4.2M	$1.1M	10x	as long as short