Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Phemex+0.045%7-day average — · you sell dearer than you buy

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

Long on Phemex 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.045% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NOKUSDT	11.010	0	get 0.0000% / 8h	4h 11m	$1.6M	$544K	10x
Short	Lighter NOK	11.015	0.0032	get 0.0004% / 1h	11m 40s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.045%Rate

Funding earned: $6.72
Price spread: +0.045% → 0.000%: $4.54
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.74
Costs to cover: 0.120%
Break-even: 7.8 days

Slippage unknown: Phemex: live order book, 1 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 Phemex live order book, 1 min ago	9.08 bp	67.3 bp −$67	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	11.015	+0.048%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.013	+0.028%	$39K	$172K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.014	+0.040%	$7.5M	$9.0M	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
Gate NOK_USDT	0.0000%	8h	11.024	+0.127%	$965K	$992K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	0.000%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.035	+0.227%	$1.5M	$610K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	+0.028%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.000	−0.091%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.000	−0.091%	$889	$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	11.000	−0.091%	$9K	$5K	10x	as long as short
Phemex NOKUSDTlong	0.0000%	8h	11.010	long leg	$1.6M	$544K	10x
Lighter NOKshort	+0.0032%	1h	11.015	+0.045%	—	—	10x
Vest NOK-PERP	+0.0046%	1h	11.020	+0.091%	—	—	10x	as long as short
tradeXYZ xyz:NOK	+0.0050%	1h	11.015	+0.045%	$4.2M	$1.1M	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.020	+0.091%	$301K	$395K	20x	as long as short