Funding arb · Price arb /

NOK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0072%/8h= +7.8% APRpaid last 24h −0.004%

Price spread now: Variational Omni against Vest+0.120%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.120% dearer against Vest than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NOK-PERP	10.880	0.0046	pay 0.0006% / 1h	38m 27s	—	—	10x
Short	Variational Omni NOK	10.893	0.0117	get 0.0117% / 8h	1h 38m	$131K	$117K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now +0.120%Rate

Funding earned: $15.02
Price spread: +0.120% → 0.000%: $12.03
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $25.06
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 5 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	21.62 bp	doesn't fit	80.6 bp −$806	doesn't fit	doesn't fit

Vest: 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
Aster NOKUSDT	0.0000%	8h	10.894	+0.132%	$66K	$7K	20x	as long as short
OKX NOK-USDT-SWAP	0.0000%	8h	10.900	+0.184%	$1.2M	$1.3M	20x	as long as short
Bitget NOKSTOCKUSDT	0.0000%	8h	10.918	+0.349%	$1.5M	$579K	20x	as long as short
GRVT NOK_USDT_Perp	0.0000%	8h	10.899	+0.172%	$3K	$128K	10x	as long as short
SunX NOK-USDT	0.0000%	8h	10.890	+0.092%	$1K	$1.4M	10x	as long as short
HTX NOK-USDT	0.0000%	8h	10.910	+0.276%	$9K	$6K	10x	as long as short
Phemex NOKUSDT	0.0000%	8h	10.890	+0.092%	$1.6M	$590K	10x	as long as short
Lighter NOK	+0.0032%	1h	10.880	0.000%	—	—	10x	as long as short
Vest NOK-PERPlong	+0.0046%	1h	10.880	long leg	—	—	10x
KuCoin NOKUSDTM	+0.0100%	8h	10.890	+0.092%	$297K	$438K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NOKshort	+0.0117%	8h	10.893	+0.120%	$131K	$117K	—
Gate NOK_USDT	+0.0162%	8h	10.898	+0.165%	$944K	$1.0M	50x	as long as short
tradeXYZ xyz:NOK	+0.0213%	1h	10.879	−0.009%	$4.3M	$1.2M	10x	as long as short
Extended NOK-USD	+0.0272%	1h	10.887	+0.067%	$37K	$159K	10x	as long as short
Binance NOKUSDT	+0.0273%	8h	10.890	+0.092%	$7.3M	$9.6M	20x	as long as short
MEXC NOKSTOCK_USDT	+0.0273%	8h	10.890	+0.092%	$1.5M	$116K	50x	as long as short