Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Extended against OKX−0.064%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1131.126% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.064%, 7d avg −0.103%

Together, before fees+0.096%+ Points / potential airdropExtended: Active · farm board+$10 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: Extended is 0.039% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOK-USDT-SWAP	10.966	0	get 0.0000% / 8h	3h 40m	$1.2M	$1.2M	20x
Short	Extended NOK-USD	10.959	0	get 0.0000% / 1h	40m 39s	$38K	$166K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.103%: $3.89
Slippage, 4 orders: −$97.64
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$108.76
Costs to cover: 1.126%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Extended: live order book, 10 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, 1 min ago	0.46 bp	30.9 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 10 min ago	8.20 bp	20.7 bp −$21	138.7 bp −$1,387	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	10.967	+0.005%	$67K	$7K	20x	as long as short
Extended NOK-USDshort	0.0000%	1h	10.959	−0.064%	$38K	$166K	10x
Binance NOKUSDT	0.0000%	8h	10.962	−0.038%	$7.4M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAPlong	0.0000%	8h	10.966	long leg	$1.2M	$1.2M	20x
Gate NOK_USDT	0.0000%	8h	10.979	+0.119%	$952K	$988K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.970	+0.036%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.018	+0.474%	$1.5M	$604K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.963	−0.027%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.018	+0.475%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.960	−0.055%	$859	$1.4M	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	10.990	+0.219%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.970	+0.036%	$1.6M	$549K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.960	−0.055%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.970	+0.036%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.960	−0.055%	$300K	$400K	20x	as long as short
tradeXYZ xyz:NOK	+0.0199%	1h	10.966	0.000%	$4.2M	$1.1M	10x	as long as short