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Iosif Pinelis
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$N(p)$ can grow to $\infty$ however fast. Indeed, let $g\colon(0,\infty)\to(1,\infty)$ be any (say) strictly increasing continuous function, with $g(\infty-)=\infty$. We want to show that for some nonnegative function $f$ such that $f\in L^p$ for all $p>0$ we have
\begin{equation*} N(p)\ge g(p); \tag{1}\label{1} \end{equation*} here and what follows, by default $p>0$ is any large enough number.

Note that
\begin{equation*} G(p):=g(p)^p>1 \end{equation*} is also strictly increasing and continuous in $p$. Let \begin{equation*} h_p:=\frac1{G(p)}\in(0,1) \end{equation*} and \begin{equation*} a(x):=\frac2{G^{-1}(1/x)}; \end{equation*} everywhere here, by default, $x>0$ is any small enough number. Note that $a(x)\downarrow0$ as $x\downarrow0$. Moreover, without loss of generality, $G$ is increasing so fast that $a$ is varying so slowly that \begin{equation*} b(x):=a(x)\ln\tfrac1x \end{equation*} be decreasing in $x$.

Letting now \begin{equation*} f(x):=x^{-a(x)}=e^{b(x)} \end{equation*} and recalling that $a(x)\downarrow0$ as $x\downarrow0$, for each real $p>0$ we have $f(x)^p\le x^{-1/2}$ for all $x$ in a right neighborhood of $0$. Also, $f$ is bounded outside any right neighborhood of $0$. So, $f\in L^p$ for all $p>0$.

On the other hand, \begin{equation*} N(p)^p\ge \int_0^{h_p} f^p =\int_0^{h_p} e^{pb(x)}\,dx \ge h_p e^{pb(h_p)}=1/h_p=G(p)=g(p)^p, \end{equation*} so that \eqref{1} follows, as desired.

Iosif Pinelis
  • 128k
  • 8
  • 107
  • 229