Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.044%

Price spread now: tradeXYZ against KuCoin−0.045%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$2092.095% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.045%, 7d avg −0.017%

Together, before fees+0.311%+ Points / potential airdroptradeXYZ: Active · farm board+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.028% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.171%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOKUSDTM	11.030	0.0100	pay 0.0100% / 8h	4h 58m	$301K	$366K	20x
Short	tradeXYZ xyz:NOK	11.025	0.0050	get 0.0006% / 1h	58m 56s	$4.2M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against KuCoin. 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 KuCoinbpFee tradeXYZbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$10.5
Price spread: −0.045% → −0.017%: −$2.83
Slippage, 4 orders: −$179.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$222.81
Costs to cover: 2.095%
Break-even: never at this rate

Slippage from KuCoin: live order book, 23 min ago; tradeXYZ: live order book, 9 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 KuCoin live order book, 23 min ago	9.11 bp	111.9 bp −$112	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	1.36 bp	10.9 bp −$11	19.1 bp −$191	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	11.029	−0.006%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.026	−0.036%	$39K	$167K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.028	−0.014%	$7.5M	$9.0M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.024	−0.054%	$1.2M	$1.2M	20x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	−0.091%	$1.6M	$111K	50x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	11.040	+0.091%	$1.5M	$586K	20x	as long as short
Variational Omni NOK	0.0000%	8h	11.023	−0.066%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.012	−0.167%	$3K	$147K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.020	−0.091%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	11.030	0.000%	$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	11.030	0.000%	$1.6M	$542K	10x	as long as short
Gate NOK_USDT	+0.0008%	8h	11.034	+0.036%	$967K	$987K	50x	as long as short
Lighter NOK	+0.0032%	1h	11.019	−0.100%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.020	−0.091%	—	—	10x	as long as short
tradeXYZ xyz:NOKshort	+0.0050%	1h	11.025	−0.045%	$4.2M	$1.1M	10x
KuCoin NOKUSDTMlong	+0.0100%	8h	11.030	long leg	$301K	$366K	20x