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: OKX against Aevo+0.077%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 OKX

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. OKX is 0.077% dearer against Aevo than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	228.43	0.0104	pay 0.0013% / 1h	22m 06s	—	—	10x
Short	OKX NBIS-USDT-SWAP	228.61	0	get 0.0000% / 8h	7h 22m	$3.2M	$16.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$21.84
Price spread: +0.077% → 0.000%: $7.73
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.11
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.44 bp	9.2 bp −$9	22.8 bp −$228	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
Bitget NBISUSDT	−0.0210%	8h	228.66	+0.099%	$2.3M	$4.6M	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	226.87	−0.684%	$352K	$801K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	228.05	−0.169%	$73K	$320K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	228.54	+0.047%	$143K	$859K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	228.62	+0.082%	$18.4M	$89.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	228.62	+0.082%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	228.61	+0.077%	$3.2M	$16.1M	25x
Gate NBIS_USDT	0.0000%	8h	228.58	+0.064%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	227.33	−0.485%	$2.8M	$598K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	227.62	−0.356%	$4K	$113K	10x	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	228.86	+0.187%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	227.64	−0.347%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	228.66	+0.099%	$1.5M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0001%	8h	228.35	−0.037%	$202K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	228.81	+0.165%	$41K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	228.47	+0.016%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	228.50	+0.029%	$136K	$466K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	228.46	+0.012%	$146K	$532K	10x	as long as short
Nado NBIS-PERP	+0.0062%	1h	228.38	−0.022%	$38K	$116K	3x	as long as short
QFEX NBIS-USD	+0.0064%	1h	228.74	+0.134%	$1.5M	$3.7M	10x	as long as short
SoDEX NBIS-USD	+0.0086%	1h	228.57	+0.060%	$69	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0100%	1h	228.52	+0.038%	$53.3M	$21.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	228.19	−0.107%	$470K	$74K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	228.46	+0.012%	$2K	$3K	10x	as long as short
Lighter NBIS	+0.0104%	1h	228.50	+0.029%	$909K	$4.1M	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	228.43	long leg	—	—	10x
Deribit NBIS_USDC-PERPETUAL	+0.0144%	1h	228.47	+0.016%	$34K	$49K	10x	as long as short
edgeX NBISUSDC	+0.0199%	4h	227.59	−0.371%	$37K	$226K	10x	as long as short
Phoenix NBIS	+0.0277%	1h	227.46	−0.426%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0300%	1h	228.25	−0.080%	$9.9M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0683%	1h	228.56	+0.054%	$22K	$16K	20x	as long as short