Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against SunX−0.272%7-day average +0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$344as in the Funding arb table

Net, price: spread back to 7d avg − costs−$379as in the Price arb table

costs, in and out, $10k−$3443.438% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.272%, 7d avg +0.083%

Together, before fees+0.272%+$27 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: Phemex is 0.355% cheaper against SunX than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NOK-USDT	11.030	0	get 0.0000% / 8h	5h 46m	$827	$1.4M	10x
Short	Phemex NOKUSDT	11.000	0	get 0.0000% / 8h	5h 46m	$1.6M	$536K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.272%Rate

Funding earned: $0
Price spread: −0.272% → +0.083%: −$35.49
Slippage, 4 orders: −$323.76
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$379.25
Costs to cover: 3.438%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Phemex: live order book, 1 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, 8 min ago	49.84 bp	100.3 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	4.54 bp	82.5 bp −$82	doesn't fit	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	11.013	−0.151%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.002	−0.250%	$37K	$173K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.005	−0.230%	$7.5M	$8.9M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.012	−0.163%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	−0.181%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.027	−0.027%	$1.5M	$587K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.033	+0.026%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.020	−0.091%	$3K	$149K	10x	as long as short
SunX NOK-USDTlong	0.0000%	8h	11.030	long leg	$827	$1.4M	10x
HTX NOK-USDT	0.0000%	8h	11.000	−0.272%	$9K	$5K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NOKUSDTshort	0.0000%	8h	11.000	−0.272%	$1.6M	$536K	10x
Gate NOK_USDT	+0.0011%	8h	11.018	−0.109%	$969K	$985K	50x	as long as short
Lighter NOK	+0.0032%	1h	11.009	−0.190%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.000	−0.272%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	−0.181%	$302K	$343K	20x	as long as short
tradeXYZ xyz:NOK	+0.0299%	1h	11.005	−0.227%	$4.2M	$1.1M	10x	as long as short