Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0359%/8h= +39.3% APRpaid last 24h +0.036%

Price spread now: tradeXYZ against Binance−0.054%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$670.669% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.257%+$26 on $10k

Price spread, last 2 days (all we have)+0.070%+$7 · spread now −0.054%, 7d avg −0.019%

Together, before fees+0.327%+ Points / potential airdroptradeXYZ: Active · farm board+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.036% cheaper against Binance than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.019%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.257% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOKUSDT	11.020	0	get 0.0000% / 8h	6h 13m	$7.5M	$8.9M	20x
Short	tradeXYZ xyz:NOK	11.014	0.0359	get 0.0045% / 1h	13m 03s	$4.2M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Binance. 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 BinancebpFee tradeXYZbpOrdersPrice spread, now −0.054%Rate

Funding earned: $75.4
Price spread: −0.054% → −0.019%: −$3.59
Slippage, 4 orders: −$38.85
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $4.96
Costs to cover: 0.669%
Break-even: 6.5 days

Slippage from Binance: live order book, 11 min ago; tradeXYZ: live order book, 5 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 Binance live order book, 11 min ago	4.53 bp	18.1 bp −$18	54.4 bp −$544	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	2.27 bp	18.3 bp −$18	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	11.017	−0.024%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.017	−0.028%	$40K	$172K	10x	as long as short
Binance NOKUSDTlong	0.0000%	8h	11.020	long leg	$7.5M	$8.9M	20x
OKX NOK-USDT-SWAP	0.0000%	8h	11.026	+0.054%	$1.2M	$1.3M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.025	+0.045%	$971K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	−0.091%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.046	+0.236%	$1.5M	$581K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	−0.064%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.023	+0.025%	$3K	$150K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.010	−0.091%	$914	$1.5M	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	11.010	−0.091%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.010	−0.091%	$1.6M	$538K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.009	−0.100%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.000	−0.181%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	−0.091%	$300K	$334K	20x	as long as short
tradeXYZ xyz:NOKshort	+0.0359%	1h	11.014	−0.054%	$4.2M	$1.1M	10x