Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: Coinbase International against Aevo+0.024%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 Coinbase International

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.024% dearer against Aevo than usual: you sell high and buy low: +$2 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	Aevo NBIS-PERP	232.94	0.0104	pay 0.0013% / 1h	7m 11s	—	—	10x
Short	Coinbase International NBIS-PERP-INTX	232.99	0.0136	get 0.0017% / 1h	7m 11s	$355K	$704K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.024%Rate

Funding earned: $6.72
Price spread: +0.024% → 0.000%: $2.35
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$16.93
Costs to cover: 0.260%
Break-even: 24.6 days

Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 16 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 Coinbase International live order book, 16 min ago	10.50 bp	15.5 bp −$16	22.9 bp −$229	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
Aster NBISUSDT	0.0000%	8h	232.94	+0.001%	$79K	$304K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.88	−0.023%	$141K	$697K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.94	0.000%	$19.3M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.88	−0.024%	$5.1M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.00	+0.028%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.88	−0.024%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	232.97	+0.015%	$2.5M	$4.8M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.30	+0.156%	$2.8M	$945K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	232.97	+0.015%	$431	$1.8M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.40	+0.200%	$15K	$115K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NBISUSDT	0.0000%	8h	233.02	+0.036%	$1.6M	$965K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0002%	8h	233.27	+0.144%	$5K	$147K	10x	as long as short
BloFin NBIS-USDT	+0.0008%	8h	233.07	+0.058%	$205K	$216K	20x	as long as short
QFEX NBIS-USD	+0.0033%	1h	232.89	−0.019%	$1.5M	$5.1M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.79	−0.062%	$43K	$134K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.08	+0.062%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.68	−0.110%	$137K	$635K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.95	+0.006%	$56	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.21	+0.118%	$180K	$514K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0057%	1h	232.75	−0.079%	$24K	$13K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.76	−0.075%	$480K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.96	+0.011%	$2K	$4K	10x	as long as short
Lighter NBIS	+0.0104%	1h	232.72	−0.092%	$932K	$4.6M	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	232.94	long leg	—	—	10x
Coinbase International NBIS-PERP-INTXshort	+0.0136%	1h	232.99	+0.024%	$355K	$704K	10x
Entropy io:NBIS	+0.0170%	1h	232.99	+0.024%	$10.2M	$3.3M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0172%	1h	232.80	−0.058%	$54.3M	$23.5M	10x	as long as short
Nado NBIS-PERP	+0.0178%	1h	232.55	−0.163%	$28K	$65K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0266%	1h	232.78	−0.067%	$35K	$67K	10x	as long as short
Phoenix NBIS	+0.0276%	1h	233.43	+0.212%	$7K	$185K	10x	as long as short
edgeX NBISUSDC	+0.0596%	4h	233.24	+0.129%	$37K	$234K	10x	as long as short