Funding arb · Price arb /

NOK

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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 +0.017%

Price spread now: Bitget against Variational Omni+0.229%7-day average +0.310% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.229%, 7d avg +0.310%

Together, before fees+0.044%+ Points / potential airdropVariational Omni: Active · farm board+$4 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: Bitget is 0.081% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.310%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NOK	11.013	0	get 0.0000% / 8h	5h 30m	$136K	$113K	—
Short	Bitget NOKSTOCKUSDT	11.038	0	get 0.0000% / 8h	5h 30m	$1.5M	$587K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.229%Rate

Funding earned: $0
Price spread: +0.229% → +0.310%: −$8.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$20.07
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 33 min ago; Bitget: live order book, 6 min ago. 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 Variational Omni RFQ quote, 33 min ago	11.88 bp	doesn't fit	119.2 bp −$1,192	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	7.70 bp	26.9 bp −$27	100.6 bp −$1,006	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	11.015	+0.018%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.011	−0.012%	$37K	$173K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.016	+0.028%	$7.5M	$8.9M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.022	+0.084%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	−0.025%	$1.6M	$112K	50x	as long as short
Bitget NOKSTOCKUSDTshort	0.0000%	8h	11.038	+0.229%	$1.5M	$587K	20x
Variational Omni NOKlong	0.0000%	8h	11.013	long leg	$136K	$113K	—
GRVT NOK_USDT_Perp	0.0000%	8h	11.010	−0.025%	$3K	$148K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.020	+0.066%	$992	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	11.030	+0.157%	$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 NOKUSDT	0.0000%	8h	11.020	+0.066%	$1.6M	$537K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.000	−0.116%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.000	−0.116%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	−0.025%	$302K	$351K	20x	as long as short
Gate NOK_USDT	+0.0106%	8h	11.032	+0.175%	$971K	$987K	50x	as long as short
tradeXYZ xyz:NOK	+0.0231%	1h	11.008	−0.043%	$4.2M	$1.1M	10x	as long as short