Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.030%

Price spread now: Extended against Variational Omni−0.338%7-day average −0.018% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.045%+$4 on $10k

Price spread, last 4 days (all we have)+0.317%+$32 · spread now −0.338%, 7d avg −0.018%

Together, before fees+0.362%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$36 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 0.320% cheaper against Variational Omni than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NOK	10.963	0	get 0.0000% / 8h	3h 18m	$135K	$113K	—
Short	Extended NOK-USD	10.926	0	get 0.0000% / 1h	18m 16s	$37K	$160K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.338%Rate

Funding earned: $0
Price spread: −0.338% → −0.018%: −$31.96
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$36.96
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 36 min ago; Extended: live order book, 33 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, 36 min ago	11.92 bp	doesn't fit	96.1 bp −$961	doesn't fit	doesn't fit
Sell Extended live order book, 33 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	10.914	−0.446%	$66K	$7K	20x	as long as short
Extended NOK-USDshort	0.0000%	1h	10.926	−0.338%	$37K	$160K	10x
Binance NOKUSDT	0.0000%	8h	10.929	−0.315%	$7.3M	$9.2M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.932	−0.284%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.933	−0.274%	$948K	$995K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.920	−0.393%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.978	+0.136%	$1.5M	$590K	20x	as long as short
Variational Omni NOKlong	0.0000%	8h	10.963	long leg	$135K	$113K	—
GRVT NOK_USDT_Perp	0.0000%	8h	10.963	+0.004%	$3K	$145K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.920	−0.393%	$1K	$1.4M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NOK-USDT	0.0000%	8h	10.960	−0.028%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.930	−0.302%	$1.6M	$559K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.900	−0.575%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.900	−0.575%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.910	−0.484%	$298K	$408K	20x	as long as short
tradeXYZ xyz:NOK	+0.0433%	1h	10.916	−0.429%	$4.2M	$1.2M	10x	as long as short