Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.074%

Price spread now: HTX against tradeXYZ+0.100%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.100% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.100% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOK	11.019	0.0050	pay 0.0006% / 1h	59m 50s	$4.2M	$1.1M	10x
Short	HTX NOK-USDT	11.030	0	get 0.0000% / 8h	4h 59m	$9K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$10.58
Price spread: +0.100% → 0.000%: $9.98
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$30.59
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; HTX: 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 tradeXYZ live order book, 8 min ago	1.36 bp	15.5 bp −$15	36.3 bp −$363	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	11.023	+0.040%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.022	+0.026%	$39K	$167K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.026	+0.060%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.024	+0.045%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	+0.009%	$1.6M	$114K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.035	+0.145%	$1.5M	$586K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.023	+0.034%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.010	−0.082%	$3K	$147K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.020	+0.009%	$1K	$1.4M	10x	as long as short
HTX NOK-USDTshort	0.0000%	8h	11.030	+0.100%	$9K	$5K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NOKUSDT	0.0000%	8h	11.030	+0.100%	$1.6M	$542K	10x	as long as short
Gate NOK_USDT	+0.0011%	8h	11.035	+0.145%	$967K	$999K	50x	as long as short
Lighter NOK	+0.0032%	1h	11.019	0.000%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.020	+0.009%	—	—	10x	as long as short
tradeXYZ xyz:NOKlong	+0.0050%	1h	11.019	long leg	$4.2M	$1.1M	10x
KuCoin NOKUSDTM	+0.0100%	8h	11.020	+0.009%	$301K	$366K	20x	as long as short