Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%

Price spread now: Extended against Phemex−0.101%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1871.872% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.101%, 7d avg −0.021%

Together, before fees+0.282%+ Points / potential airdropExtended: Active · farm board+$28 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 0.080% cheaper against Phemex than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NOKUSDT	10.970	0	get 0.0000% / 8h	3h 40m	$1.6M	$549K	10x
Short	Extended NOK-USD	10.959	0	get 0.0000% / 1h	40m 40s	$38K	$166K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phemex. 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 PhemexbpFee ExtendedbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → −0.021%: −$7.96
Slippage, 4 orders: −$170.16
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$195.12
Costs to cover: 1.872%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 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 Phemex live order book, 2 min ago	4.55 bp	66.0 bp −$66	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	−0.032%	$67K	$7K	20x	as long as short
Extended NOK-USDshort	0.0000%	1h	10.959	−0.101%	$38K	$166K	10x
Binance NOKUSDT	0.0000%	8h	10.962	−0.075%	$7.4M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.966	−0.036%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.979	+0.082%	$952K	$988K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.970	0.000%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.018	+0.438%	$1.5M	$604K	20x	as long as short
Variational Omni NOK	0.0000%	8h	10.963	−0.063%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.018	+0.439%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.960	−0.091%	$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	+0.182%	$9K	$5K	10x	as long as short
Phemex NOKUSDTlong	0.0000%	8h	10.970	long leg	$1.6M	$549K	10x
Lighter NOK	+0.0032%	1h	10.960	−0.091%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.970	0.000%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.960	−0.091%	$300K	$400K	20x	as long as short
tradeXYZ xyz:NOK	+0.0199%	1h	10.966	−0.036%	$4.2M	$1.1M	10x	as long as short