Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.033%

Price spread now: Bitget against Arcus+0.094%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on Arcus Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.107%−$11 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.094%, 7d avg +0.015%

Together, before fees−0.157%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.079% dearer against Arcus than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.015%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 3 days (−0.107% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	234.09	0.0040	pay 0.0005% / 1h	24m 09s	$42K	$132K	5x
Short	Bitget NBISUSDT	234.31	0	get 0.0000% / 8h	6h 24m	$2.4M	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Arcus. 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 ArcusbpFee BitgetbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$8.46
Price spread: +0.094% → +0.015%: $7.88
Slippage, 4 orders: −$33.95
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$51.03
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Arcus: live order book, 44 min ago; Bitget: live order book, 4 min ago.

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 Arcus live order book, 44 min ago	2.33 bp	4.6 bp −$5	14.0 bp −$140	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.07 bp	16.7 bp −$17	35.6 bp −$356	57.8 bp −$5,778	doesn't fit

NBIS on 30 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	234.38	+0.124%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.36	+0.115%	$3.4M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.38	+0.124%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDTshort	0.0000%	8h	234.31	+0.094%	$2.4M	$4.5M	20x
GRVT NBIS_USDT_Perp	0.0000%	8h	234.25	+0.067%	$5K	$129K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.37	+0.120%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.21	+0.051%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.41	+0.137%	$1.6M	$971K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	234.38	+0.124%	$1.5M	$4.6M	10x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	234.09	long leg	$42K	$132K	5x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	234.50	+0.175%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.30	+0.090%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.40	+0.132%	$52	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.22	+0.056%	$164K	$499K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0081%	1h	234.29	+0.085%	$54.8M	$19.9M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0095%	1h	234.23	+0.060%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.28	+0.081%	$483K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.32	+0.098%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.32	+0.096%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0108%	1h	234.24	+0.066%	$67K	$95K	3x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	233.89	−0.085%	$383K	$714K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0134%	1h	234.29	+0.085%	$35K	$48K	10x	as long as short
Variational Omni NBIS	+0.0191%	8h	234.40	+0.131%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0203%	8h	234.47	+0.164%	$81K	$314K	50x	as long as short
Extended NBIS-USD	+0.0216%	1h	234.34	+0.106%	$150K	$701K	10x	as long as short
Binance NBISUSDT	+0.0220%	8h	234.43	+0.145%	$19.2M	$84.8M	25x	as long as short
Lighter NBIS	+0.0280%	1h	234.42	+0.141%	$905K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.32	+0.098%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0429%	1h	234.17	+0.034%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0655%	4h	234.22	+0.054%	$38K	$226K	10x	as long as short