Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h +0.048%

Price spread now: tradeXYZ against Bitget−0.345%7-day average −0.276% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1081.075% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.345%, 7d avg −0.276%

Together, before fees+0.195%+ Points / potential airdroptradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.069% cheaper against Bitget than usual: you would sell low and buy high (spread −0.345% now, against its 7-day average of −0.276%). If the spread goes back, that is −$7 on $10k: about 31 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.163% in total) that is about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOKSTOCKUSDT	11.025	0	get 0.0000% / 8h	5h 25m	$1.5M	$587K	20x
Short	tradeXYZ xyz:NOK	10.987	0.0177	get 0.0022% / 1h	25m 46s	$4.2M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Bitget. 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 BitgetbpFee tradeXYZbpOrdersPrice spread, now −0.345%Rate

Funding earned: $37.16
Price spread: −0.345% → −0.276%: −$6.85
Slippage, 4 orders: −$77.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$77.23
Costs to cover: 1.075%
Break-even: 21.5 days

Slippage from Bitget: live order book, 1 min ago; tradeXYZ: live order book, 1 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 Bitget live order book, 1 min ago	5.90 bp	23.9 bp −$24	60.9 bp −$609	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 1 min ago	3.18 bp	15.7 bp −$16	27.5 bp −$275	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	10.994	−0.281%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.989	−0.329%	$39K	$176K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.991	−0.311%	$7.5M	$8.9M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.006	−0.172%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.990	−0.317%	$1.6M	$112K	50x	as long as short
Bitget NOKSTOCKUSDTlong	0.0000%	8h	11.025	long leg	$1.5M	$587K	20x
Variational Omni NOK	0.0000%	8h	10.993	−0.293%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.997	−0.256%	$3K	$147K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.990	−0.317%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	11.000	−0.227%	$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	10.990	−0.317%	$1.6M	$538K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.990	−0.317%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.000	−0.227%	—	—	10x	as long as short
Gate NOK_USDT	+0.0097%	8h	11.008	−0.154%	$968K	$987K	50x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.990	−0.317%	$301K	$352K	20x	as long as short
tradeXYZ xyz:NOKshort	+0.0177%	1h	10.987	−0.345%	$4.2M	$1.1M	10x