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 SunX−0.118%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2462.463% of the position

Long on SunX 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)+0.170%+$17 · spread now −0.118%, 7d avg +0.061%

Together, before fees+0.300%+ Points / potential airdropExtended: Active · farm board+$30 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 0.179% cheaper against SunX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NOK-USDT	11.010	0	get 0.0000% / 8h	3h 43m	$802	$1.4M	10x
Short	Extended NOK-USD	10.997	0	get 0.0000% / 1h	43m 29s	$39K	$166K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee SunXbpFee ExtendedbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → +0.061%: −$17.93
Slippage, 4 orders: −$233.3
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$264.23
Costs to cover: 2.463%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Extended: live order book, 7 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 SunX live order book, 11 min ago	50.02 bp	100.6 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 7 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	11.000	−0.090%	$67K	$7K	20x	as long as short
Extended NOK-USDshort	0.0000%	1h	10.997	−0.118%	$39K	$166K	10x
Binance NOKUSDT	0.0000%	8h	11.000	−0.091%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.008	−0.018%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.009	−0.009%	$955K	$986K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.990	−0.182%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.021	+0.100%	$1.5M	$607K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	+0.028%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.018	+0.074%	$3K	$146K	10x	as long as short
SunX NOK-USDTlong	0.0000%	8h	11.010	long leg	$802	$1.4M	10x

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	0.000%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.990	−0.182%	$1.6M	$546K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.980	−0.272%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.980	−0.272%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.990	−0.182%	$300K	$399K	20x	as long as short
tradeXYZ xyz:NOK	+0.0222%	1h	10.997	−0.118%	$4.2M	$1.1M	10x	as long as short