Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: Bybit against Aevo+0.182%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

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—needs both histories

The price spread pays, funding is against you. Bybit is 0.182% dearer against Aevo than usual: you sell high and buy low (spread +0.182% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	229.32	0.0104	pay 0.0013% / 1h	48m 49s	—	—	10x
Short	Bybit NBISUSDT	229.74	0	get 0.0000% / 8h	7h 48m	$4.9M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.182%Rate

Funding earned: −$21.84
Price spread: +0.182% → 0.000%: $18.15
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.69
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	2.61 bp	17.4 bp −$17	83.0 bp −$830	doesn't fit	doesn't fit

Aevo: 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.

NBIS on 31 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
GRVT NBIS_USDT_Perp	−0.0686%	8h	229.56	+0.104%	$4K	$114K	10x	as long as short
Bitget NBISUSDT	−0.0327%	8h	229.69	+0.160%	$2.3M	$4.5M	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	230.90	+0.687%	$357K	$810K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	229.47	+0.063%	$83K	$313K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	229.63	+0.135%	$147K	$880K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	229.83	+0.220%	$18.6M	$88.3M	25x	as long as short
Bybit NBISUSDTshort	0.0000%	8h	229.74	+0.182%	$4.9M	$6.7M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	229.69	+0.160%	$3.3M	$15.9M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	229.68	+0.155%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.15	+0.361%	$2.8M	$575K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	229.84	+0.225%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	229.16	−0.071%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	229.98	+0.286%	$1.5M	$972K	10x	as long as short
BloFin NBIS-USDT	+0.0026%	8h	229.72	+0.173%	$203K	$214K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	229.51	+0.081%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	229.49	+0.072%	—	$224K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	229.29	−0.015%	$136K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	229.53	+0.090%	$64	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	229.42	+0.042%	$148K	$539K	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	229.54	+0.094%	$1.5M	$3.7M	10x	as long as short
Nado NBIS-PERP	+0.0078%	1h	229.62	+0.130%	$38K	$116K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	229.48	+0.068%	$472K	$44K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	229.38	+0.025%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	229.32	long leg	—	—	10x
tradeXYZ xyz:NBIS	+0.0122%	1h	229.61	+0.125%	$53.6M	$21.3M	10x	as long as short
Lighter NBIS	+0.0168%	1h	229.75	+0.186%	$917K	$4.0M	10x	as long as short
edgeX NBISUSDC	+0.0195%	4h	229.58	+0.111%	$37K	$227K	10x	as long as short
Phoenix NBIS	+0.0277%	1h	228.94	−0.167%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0369%	1h	229.56	+0.103%	$10.0M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0447%	1h	229.77	+0.195%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0679%	1h	229.64	+0.136%	$22K	$16K	20x	as long as short