Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h —

Price spread now: Kraken Futures against Aevo−0.078%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.078% cheaper against Aevo than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 43 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	234.48	0.0104	pay 0.0013% / 1h	46m 08s	—	—	10x
Short	Kraken Futures PF_NBISUSD	234.30	0.0248	get 0.0031% / 1h	46m 08s	$24K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.078%Rate

Funding earned: $30.33
Price spread: −0.078% → 0.000%: −$7.76
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$3.43
Costs to cover: 0.260%
Break-even: 7.8 days

Slippage unknown: Aevo: no order-book sample; Kraken Futures: 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 Aevo no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Aevo and Kraken Futures: 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
Bybit NBISUSDT	0.0000%	8h	234.49	+0.004%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.48	−0.001%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.47	−0.005%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.46	−0.009%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.34	−0.060%	$874	$1.8M	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.308%	$358K	$699K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.37	−0.048%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.45	−0.014%	$1.6M	$967K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.57	+0.038%	—	$234K	5x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.44	−0.018%	$33	$20K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0051%	1h	234.40	−0.035%	$1.5M	$5.1M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0052%	1h	234.41	−0.031%	$147K	$706K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.26	−0.095%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.45	−0.014%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	234.48	long leg	—	—	10x
Variational Omni NBIS	+0.0183%	8h	234.38	−0.043%	$2.9M	$821K	—	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0220%	1h	234.36	−0.052%	$35K	$48K	10x	as long as short
Aster NBISUSDT	+0.0227%	8h	234.32	−0.068%	$79K	$306K	50x	as long as short
Nado NBIS-PERP	+0.0234%	1h	234.21	−0.115%	$28K	$63K	3x	as long as short
Extended NBIS-USD	+0.0240%	1h	234.43	−0.023%	$142K	$697K	10x	as long as short
Binance NBISUSDT	+0.0241%	8h	234.45	−0.014%	$19.4M	$86.3M	25x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0248%	1h	234.30	−0.078%	$24K	$13K	20x
BloFin NBIS-USDT	+0.0260%	8h	234.47	−0.005%	$206K	$214K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0261%	8h	234.41	−0.031%	$5K	$139K	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.36	−0.052%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0302%	1h	234.42	−0.026%	$54.7M	$23.3M	10x	as long as short
edgeX NBISUSDC	+0.0320%	4h	234.32	−0.070%	$38K	$235K	10x	as long as short
Lighter NBIS	+0.0368%	1h	234.60	+0.050%	$932K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.42	−0.026%	$7K	$163K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0404%	1h	234.33	−0.065%	$174K	$498K	10x	as long as short
Entropy io:NBIS	+0.0504%	1h	234.37	−0.048%	$10.2M	$3.3M	10x	as long as short