Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against OKX−0.163%7-day average — · you buy dearer than you sell

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

Long on OKX 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

Funding pays, the price is against you. Lighter is 0.163% cheaper against OKX than usual: you would sell low and buy high (spread −0.163% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 17 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOK-USDT-SWAP	11.027	0	get 0.0000% / 8h	6h 37m	$1.2M	$1.3M	20x
Short	Lighter NOK	11.009	0.0032	get 0.0004% / 1h	37m 43s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.163%Rate

Funding earned: $6.72
Price spread: −0.163% → 0.000%: −$16.32
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.6
Costs to cover: 0.100%
Break-even: 27.4 days

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	1.36 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
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	11.021	−0.057%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.017	−0.087%	$37K	$169K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.020	−0.063%	$7.5M	$8.9M	20x	as long as short
OKX NOK-USDT-SWAPlong	0.0000%	8h	11.027	long leg	$1.2M	$1.3M	20x
Gate NOK_USDT	0.0000%	8h	11.028	+0.009%	$985K	$988K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	−0.154%	$1.6M	$112K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.041	+0.127%	$1.5M	$580K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	−0.124%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.011	−0.144%	$4K	$150K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.010	−0.154%	$700	$1.5M	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	11.010	−0.154%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.010	−0.154%	$1.6M	$534K	10x	as long as short
Lighter NOKshort	+0.0032%	1h	11.009	−0.163%	—	—	10x
Vest NOK-PERP	+0.0046%	1h	11.020	−0.063%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	−0.154%	$300K	$322K	20x	as long as short
tradeXYZ xyz:NOK	+0.0180%	1h	11.017	−0.091%	$4.2M	$1.1M	10x	as long as short