Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h —

Price spread now: Polymarket Perps against Aevo−0.027%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 Polymarket Perps

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.027% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	230.78	0.0104	pay 0.0013% / 1h	18m 15s	—	—	10x
Short	Polymarket Perps NBIS-USD	230.72	0.0050	get 0.0006% / 1h	18m 15s	$137K	$472K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$11.34
Price spread: −0.027% → 0.000%: −$2.67
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$38.01
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Polymarket Perps: live order book, 32 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 Polymarket Perps live order book, 32 min ago	4.12 bp	8.1 bp −$8	11.3 bp −$113	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 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	230.87	+0.038%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.84	+0.025%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	230.88	+0.043%	$2.3M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.86	+0.034%	$1K	$1.5M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.79	+0.004%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.96	+0.077%	$1.6M	$970K	10x	as long as short
Variational Omni NBIS	+0.0010%	8h	230.73	−0.021%	$2.8M	$642K	—	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0010%	1h	230.68	−0.044%	$34K	$50K	10x	as long as short
Bybit NBISUSDT	+0.0023%	8h	230.88	+0.043%	$4.9M	$6.8M	50x	as long as short
Aster NBISUSDT	+0.0027%	8h	230.90	+0.052%	$74K	$315K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	230.85	+0.030%	—	$250K	5x	as long as short
Polymarket Perps NBIS-USDshort	+0.0050%	1h	230.72	−0.027%	$137K	$472K	10x
SoDEX NBIS-USD	+0.0050%	1h	230.79	+0.004%	$65	$19K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.68	−0.044%	$151K	$538K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	230.76	−0.009%	$1.5M	$3.7M	10x	as long as short
Extended NBIS-USD	+0.0056%	1h	230.76	−0.009%	$145K	$854K	10x	as long as short
Binance NBISUSDT	+0.0059%	8h	230.87	+0.039%	$19.6M	$91.5M	25x	as long as short
BloFin NBIS-USDT	+0.0079%	8h	230.88	+0.043%	$205K	$219K	20x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.69	−0.040%	$380K	$873K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.69	−0.040%	$469K	$145K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.85	+0.030%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	230.78	long leg	—	—	10x
edgeX NBISUSDC	+0.0109%	4h	230.76	−0.010%	$37K	$227K	10x	as long as short
Nado NBIS-PERP	+0.0132%	1h	230.67	−0.049%	$38K	$116K	3x	as long as short
Arcus NBIS-USD	+0.0257%	1h	230.73	−0.022%	$42K	$122K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0298%	1h	230.73	−0.022%	$54.2M	$20.4M	10x	as long as short
Phoenix NBIS	+0.0347%	1h	230.98	+0.086%	$7K	$127K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0353%	8h	230.77	−0.005%	$5K	$104K	10x	as long as short
Lighter NBIS	+0.0392%	1h	231.01	+0.099%	$935K	$4.1M	10x	as long as short
Entropy io:NBIS	+0.0655%	1h	230.72	−0.027%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0770%	1h	230.68	−0.043%	$22K	$11K	20x	as long as short