Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h −0.042%

Price spread now: Bitget against tradeXYZ+0.393%7-day average +0.272% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1321.321% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 7 days−0.168%−$17 · spread now +0.393%, 7d avg +0.272%

Together, before fees−0.321%+ Points / potential airdroptradeXYZ: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.121% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.393% now, against its 7-day average of +0.272%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.153% in total) that is about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOK	10.945	0.0213	pay 0.0027% / 1h	38m 11s	$4.2M	$1.1M	10x
Short	Bitget NOKSTOCKUSDT	10.988	0	get 0.0000% / 8h	3h 38m	$1.5M	$604K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.393%Rate

Funding earned: −$44.76
Price spread: +0.393% → +0.272%: $12.13
Slippage, 4 orders: −$102.11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$164.74
Costs to cover: 1.321%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Bitget: live order book, 3 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 tradeXYZ live order book, 10 min ago	2.27 bp	19.5 bp −$20	30.6 bp −$306	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	7.73 bp	45.6 bp −$46	93.0 bp −$930	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	10.938	−0.066%	$67K	$7K	20x	as long as short
Extended NOK-USD	0.0000%	1h	10.950	+0.042%	$38K	$164K	10x	as long as short
Binance NOKUSDT	0.0000%	8h	10.953	+0.073%	$7.4M	$9.1M	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.960	+0.137%	$1.2M	$1.2M	20x	as long as short
Gate NOK_USDT	0.0000%	8h	10.965	+0.183%	$951K	$989K	50x	as long as short
MEXC NOKSTOCK_USDT	0.0000%	8h	10.950	+0.046%	$1.6M	$112K	50x	as long as short
Bitget NOKSTOCKUSDTshort	0.0000%	8h	10.988	+0.393%	$1.5M	$604K	20x
Variational Omni NOK	0.0000%	8h	10.963	+0.165%	$136K	$113K	—	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.974	+0.266%	$3K	$146K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.960	+0.137%	$895	$1.4M	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	10.990	+0.411%	$9K	$5K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.960	+0.137%	$1.6M	$549K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.929	−0.146%	—	—	10x	as long as short
Vest NOK-PERP	+0.0046%	1h	10.930	−0.137%	—	—	10x	as long as short
KuCoin NOKUSDTM	+0.0100%	8h	10.950	+0.046%	$299K	$402K	20x	as long as short
tradeXYZ xyz:NOKlong	+0.0213%	1h	10.945	long leg	$4.2M	$1.1M	10x