Settings8H · net · $10k
Funding arb · Price arb /

NOK

RWAall NOK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.037%
Price spread now: Binance against SunX+0.184%46s7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2302.298% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.125%+$12 on $10k
Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.184%, 7d avg +0.092%
Together, before fees+0.034%+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.092% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.092%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NOK-USDT10.8700get 0.0000% / 8h2h 25m$744$1.4M10x
ShortBinance NOKUSDT10.8900.0043get 0.0043% / 8h2h 25m$7.3M$9.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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

Funding earned
$9.02
Price spread: +0.184% → +0.092%
$9.23
Slippage, 4 orders
−$211.79
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$211.54
Costs to cover
2.298%
Break-even
171.1 days
Slippage from SunX: live order book, 9 min ago; Binance: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago50.58 bp101.7 bp −$102doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 14 min ago4.59 bp9.6 bp −$1062.2 bp −$622doesn't fitdoesn't fit

NOK on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NOKUSDT0.0000%8h10.882+0.110%$66K$7K20xas long as short
OKX NOK-USDT-SWAP0.0000%8h10.900+0.276%$1.2M$1.3M20xas long as short
Bitget NOKSTOCKUSDT0.0000%8h10.915+0.414%$1.5M$595K20xas long as short
Variational Omni NOK0.0000%8h10.893+0.213%$131K$117Kas long as short
GRVT NOK_USDT_Perp0.0000%8h10.890+0.184%$3K$134K10xas long as short
SunX NOK-USDTlong0.0000%8h10.870long leg$744$1.4M10x
HTX NOK-USDT0.0000%8h10.8700.000%$9K$6K10xas long as short
Phemex NOKUSDT0.0000%8h10.890+0.184%$1.6M$582K10xas long as short
Lighter NOK+0.0032%1h10.859−0.101%10xas long as short
MEXC NOKSTOCK_USDT+0.0039%8h10.880+0.092%$1.5M$117K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended NOK-USD+0.0040%1h10.894+0.217%$40K$158K10xas long as short
Binance NOKUSDTshort+0.0043%8h10.890+0.184%$7.3M$9.5M20x
Vest NOK-PERP+0.0046%1h10.850−0.184%10xas long as short
Gate NOK_USDT+0.0094%8h10.897+0.248%$947K$1.0M50xas long as short
KuCoin NOKUSDTM+0.0100%8h10.880+0.092%$297K$428K20xas long as short
tradeXYZ xyz:NOK+0.0446%1h10.876+0.055%$4.3M$1.2M10xas long as short