Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%

Price spread now: Bitget against Phemex+0.281%7-day average +0.311% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$250as in the Price arb table

costs, in and out, $10k−$2482.475% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.281%, 7d avg +0.311%

Together, before fees+0.120%+$12 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: Bitget is 0.030% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.311%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NOKUSDT	11.020	0	get 0.0000% / 8h	6h 16m	$1.6M	$538K	10x
Short	Bitget NOKSTOCKUSDT	11.051	0	get 0.0000% / 8h	6h 16m	$1.5M	$582K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now +0.281%Rate

Funding earned: $0
Price spread: +0.281% → +0.311%: −$2.98
Slippage, 4 orders: −$223.52
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$250.49
Costs to cover: 2.475%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Bitget: live order book, 6 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 Phemex live order book, 2 min ago	4.53 bp	67.9 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	17.64 bp	63.8 bp −$64	89.5 bp −$895	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	11.028	+0.076%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	11.015	−0.043%	$40K	$172K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	11.019	−0.012%	$7.5M	$8.9M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	11.025	+0.045%	$1.2M	$1.3M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	11.028	+0.073%	$971K	$1.0M	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	11.020	0.000%	$1.6M	$113K	50x	as long as short
Bitget NOKSTOCKUSDTshort	0.0000%	8h	11.051	+0.281%	$1.5M	$582K	20x
Variational Omni NOK	0.0000%	8h	11.013	−0.064%	$137K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	11.031	+0.101%	$3K	$150K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	11.010	−0.091%	$994	$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	11.040	+0.181%	$9K	$5K	10x	as long as short
Phemex NOKUSDTlong	0.0000%	8h	11.020	long leg	$1.6M	$538K	10x
Lighter NOK	+0.0032%	1h	11.019	−0.009%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	11.020	0.000%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	11.020	0.000%	$301K	$332K	20x	as long as short
tradeXYZ xyz:NOK	+0.0368%	1h	11.020	0.000%	$4.2M	$1.1M	10x	as long as short