Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.009%

Price spread now: Binance against tradeXYZ+0.159%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 7 days−0.109%−$11 · spread now +0.159%, 7d avg +0.062%

Together, before fees−0.309%+ Points / potential airdroptradeXYZ: Active · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.096% dearer against tradeXYZ than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.062%. Mind the row above: over the last 7 days funding on this pair cost −0.200%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOK	10.703	0.0300	pay 0.0038% / 1h	33m 49s	$4.4M	$1.4M	10x
Short	Binance NOKUSDT	10.720	0.0585	get 0.0585% / 8h	7h 33m	$7.3M	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.159%Rate

Funding earned: $59.85
Price spread: +0.159% → +0.062%: $9.64
Slippage, 4 orders: −$27.95
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: $13.53
Costs to cover: 0.560%
Break-even: 5.4 days

Slippage from tradeXYZ: live order book, 3 min ago; Binance: live order book, 6 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 tradeXYZ live order book, 3 min ago	3.27 bp	13.1 bp −$13	26.4 bp −$264	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	4.66 bp	12.6 bp −$13	43.3 bp −$433	332.7 bp −$33.3K	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
Bitget NOKSTOCKUSDT	−0.0419%	8h	10.775	+0.673%	$1.5M	$587K	20x	as long as short
Vest NOK-PERP	−0.0008%	1h	10.690	−0.121%	—	—	10x	as long as short
Aster NOKUSDT	0.0000%	8h	10.720	+0.159%	$65K	$7K	20x	as long as short
SunX NOK-USDT	0.0000%	8h	10.730	+0.252%	$1K	$1.2M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.730	+0.252%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.740	+0.346%	$1.6M	$644K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.705	+0.019%	—	—	10x	as long as short
OKX NOK-USDT-SWAP	+0.0081%	8h	10.714	+0.103%	$1.2M	$1.2M	20x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.720	+0.159%	$293K	$441K	20x	as long as short
GRVT NOK_USDT_Perp	+0.0119%	8h	10.720	+0.159%	$3K	$111K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOK_USDT	+0.0278%	8h	10.734	+0.290%	$934K	$1.0M	50x	as long as short
tradeXYZ xyz:NOKlong	+0.0300%	1h	10.703	long leg	$4.4M	$1.4M	10x
Variational Omni NOK	+0.0307%	8h	10.738	+0.329%	$129K	$118K	—	as long as short
MEXC NOKSTOCK_USDT	+0.0577%	8h	10.700	−0.028%	$1.5M	$119K	50x	as long as short
Extended NOK-USD	+0.0584%	1h	10.727	+0.226%	$40K	$282K	10x	as long as short
Binance NOKUSDTshort	+0.0585%	8h	10.720	+0.159%	$7.3M	$10.4M	20x