Funding arb · Price arb /

NOK

RWAall NOK markets

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 −0.012%

Price spread now: Bitget against OKX−0.027%7-day average +0.176% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1081.082% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 7 days+0.275%+$27 · spread now −0.027%, 7d avg +0.176%

Together, before fees+0.445%+$44 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: Bitget is 0.203% cheaper against OKX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.176%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOK-USDT-SWAP	11.030	0	get 0.0000% / 8h	5h 02m	$1.2M	$1.2M	20x
Short	Bitget NOKSTOCKUSDT	11.027	0	get 0.0000% / 8h	5h 02m	$1.5M	$586K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.176%: −$20.33
Slippage, 4 orders: −$86.2
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$128.52
Costs to cover: 1.082%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 4 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 OKX live order book, 4 min ago	3.17 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	19.96 bp	26.0 bp −$26	62.3 bp −$623	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	11.021	−0.084%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.021	−0.083%	$39K	$167K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.025	−0.043%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAPlong	0.0000%	8h	11.030	long leg	$1.2M	$1.2M	20x
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	−0.091%	$1.6M	$114K	50x	as long as short
Bitget NOKSTOCKUSDTshort	0.0000%	8h	11.027	−0.027%	$1.5M	$586K	20x
Variational Omni NOK	0.0000%	8h	11.013	−0.155%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.010	−0.181%	$3K	$147K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.010	−0.181%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	11.030	0.000%	$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	11.020	−0.091%	$1.6M	$542K	10x	as long as short
Gate NOK_USDT	+0.0012%	8h	11.034	+0.036%	$967K	$998K	50x	as long as short
Lighter NOK	+0.0032%	1h	11.019	−0.100%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.020	−0.091%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0051%	1h	11.015	−0.136%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.020	−0.091%	$301K	$364K	20x	as long as short