Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h +0.043%

Price spread now: GRVT against Arcus+0.012%54s7-day average +0.007% · 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—prices read too far apart to compare

costs, in and out, $10k−$360.356% of the position

Long on Arcus Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.081%−$8 on $10k

Price spread, last 3 days (all we have)+0.093%+$9 · spread now +0.012%, 7d avg +0.007%

Together, before fees+0.012%+ Points / potential airdropGRVT: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	234.81	0.0269	pay 0.0034% / 1h	26m 18s	$44K	$134K	5x
Short	GRVT NBIS_USDT_Perp	234.84	0.0248	get 0.0248% / 8h	26m 18s	$5K	$140K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$4.38
Price spread: +0.012% → +0.007%: $0.44
Slippage, 4 orders: −$22.11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$39.56
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Arcus: live order book, 52 min ago; GRVT: live order book, 50 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, 52 min ago	4.06 bp	6.3 bp −$6	9.4 bp −$94	doesn't fit	doesn't fit
Sell GRVT live order book, 50 min ago	2.14 bp	9.5 bp −$9	25.7 bp −$257	doesn't fit	doesn't fit

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	234.74	−0.030%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.82	+0.004%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.78	−0.013%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.78	−0.013%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.81	0.000%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.68	−0.055%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.447%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.78	−0.013%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.80	−0.004%	$1.6M	$971K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.95	+0.060%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.81	0.000%	$149K	$723K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.80	−0.004%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.73	−0.034%	$1.5M	$5.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.61	−0.085%	$484K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.81	0.000%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.84	+0.013%	—	—	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0131%	1h	234.66	−0.064%	$174K	$499K	10x	as long as short
Nado NBIS-PERP	+0.0200%	1h	234.69	−0.050%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0218%	8h	234.82	+0.003%	$2.9M	$822K	—	as long as short
Aster NBISUSDT	+0.0233%	8h	234.55	−0.111%	$79K	$306K	50x	as long as short
Extended NBIS-USD	+0.0248%	1h	234.78	−0.013%	$142K	$697K	10x	as long as short
GRVT NBIS_USDT_Perpshort	+0.0248%	8h	234.84	+0.012%	$5K	$140K	10x
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.48	−0.139%	$24K	$14K	20x	as long as short
Binance NBISUSDT	+0.0250%	8h	234.82	+0.004%	$19.4M	$86.5M	25x	as long as short
BloFin NBIS-USDT	+0.0260%	8h	234.86	+0.021%	$207K	$214K	20x	as long as short
Arcus NBIS-USDlong	+0.0269%	1h	234.81	long leg	$44K	$134K	5x
tradeXYZ xyz:NBIS	+0.0314%	1h	234.89	+0.034%	$54.8M	$23.4M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.90	+0.038%	$7K	$163K	10x	as long as short
Lighter NBIS	+0.0400%	1h	234.97	+0.068%	$931K	$4.6M	10x	as long as short
Entropy io:NBIS	+0.0506%	1h	234.83	+0.009%	$10.3M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0943%	4h	234.82	+0.004%	$38K	$234K	10x	as long as short