Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Extended+0.180%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$910.909% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.180%, 7d avg +0.105%

Together, before fees−0.197%+ Points / potential airdropExtended: Active · farm board−$20 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: OKX is 0.075% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NOK-USD	11.017	0	get 0.0000% / 1h	35m 33s	$37K	$169K	10x
Short	OKX NOK-USDT-SWAP	11.037	0	get 0.0000% / 8h	6h 35m	$1.2M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Extended. 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 ExtendedbpFee OKXbpOrdersPrice spread, now +0.180%Rate

Funding earned: $0
Price spread: +0.180% → +0.105%: $7.47
Slippage, 4 orders: −$75.89
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$83.42
Costs to cover: 0.909%
Break-even: never at this rate

Slippage from Extended: live order book, 30 min ago; OKX: 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 Extended live order book, 30 min ago	7.70 bp	22.3 bp −$22	131.6 bp −$1,316	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	3.63 bp	28.6 bp −$29	256.0 bp −$2,560	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	11.021	+0.035%	$67K	$7K	20x	as long as short
Extended NOK-USDlong	0.0000%	1h	11.017	long leg	$37K	$169K	10x
Binance NOKUSDT	0.0000%	8h	11.020	+0.026%	$7.5M	$8.9M	20x	as long as short
OKX NOK-USDT-SWAPshort	0.0000%	8h	11.037	+0.180%	$1.2M	$1.3M	20x
Gate NOK_USDT	0.0000%	8h	11.027	+0.089%	$985K	$988K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.010	−0.065%	$1.6M	$112K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.044	+0.243%	$1.5M	$580K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.013	−0.035%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.022	+0.048%	$4K	$150K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.010	−0.065%	$700	$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	−0.065%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	11.020	+0.026%	$1.6M	$536K	10x	as long as short
Lighter NOK	+0.0032%	1h	11.009	−0.074%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.020	+0.026%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.010	−0.065%	$301K	$324K	20x	as long as short
tradeXYZ xyz:NOK	+0.0181%	1h	11.016	−0.011%	$4.2M	$1.1M	10x	as long as short