Funding arb · Price arb /

NOK

RWAall NOK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0439%/8h= −48.1% APRnext payment −$0.55 per $10,000 · paid last 24h —

Price spread now: Lighter against tradeXYZ+0.009%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NOK	10.758	0.0471	pay 0.0059% / 1h	31m 29s	$4.4M	$1.3M	10x
Short	Lighter NOK	10.759	0.0032	get 0.0004% / 1h	31m 29s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$92.29
Price spread: +0.009% → 0.000%: $0.93
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$109.36
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; Lighter: no order-book sample. Net counts fees only.

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, 7 min ago	1.39 bp	12.5 bp −$13	30.7 bp −$307	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget NOKSTOCKUSDT	−0.0242%	8h	10.802	+0.409%	$1.5M	$568K	20x	as long as short
Aster NOKUSDT	0.0000%	8h	10.773	+0.140%	$66K	$7K	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.780	+0.204%	$1.2M	$1.3M	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.789	+0.286%	$3K	$121K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.790	+0.297%	$933	$1.3M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.780	+0.204%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.770	+0.112%	$1.6M	$607K	10x	as long as short
Vest NOK-PERP	+0.0031%	1h	10.740	−0.167%	—	—	10x	as long as short
Lighter NOKshort	+0.0032%	1h	10.759	+0.009%	—	—	10x
KuCoin NOKUSDTM	+0.0100%	8h	10.770	+0.112%	$295K	$448K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOK_USDT	+0.0151%	8h	10.788	+0.279%	$944K	$1.0M	50x	as long as short
Variational Omni NOK	+0.0197%	8h	10.773	+0.138%	$129K	$117K	—	as long as short
MEXC NOKSTOCK_USDT	+0.0404%	8h	10.780	+0.204%	$1.5M	$119K	50x	as long as short
Binance NOKUSDT	+0.0405%	8h	10.770	+0.112%	$7.2M	$9.9M	20x	as long as short
Extended NOK-USD	+0.0408%	1h	10.767	+0.085%	$37K	$274K	10x	as long as short
tradeXYZ xyz:NOKlong	+0.0471%	1h	10.758	long leg	$4.4M	$1.3M	10x