Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.033%

Price spread now: HTX against Arcus+0.069%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—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. HTX is 0.069% dearer against Arcus than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	232.07	0.0040	pay 0.0005% / 1h	6m 46s	$42K	$132K	5x
Short	HTX NBIS-USDT	232.23	0	get 0.0000% / 8h	2h 06m	$15K	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$8.46
Price spread: +0.069% → 0.000%: $6.89
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.06
Costs to cover: 0.165%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 41 min ago; HTX: 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 Arcus live order book, 41 min ago	2.59 bp	6.1 bp −$6	14.2 bp −$142	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	−0.0429%	8h	232.30	+0.099%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0009%	8h	232.38	+0.134%	$203K	$206K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	232.08	+0.006%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.17	+0.045%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.33	+0.111%	$18.6M	$87.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.30	+0.099%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.19	+0.052%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.29	+0.095%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.26	+0.084%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.32	+0.108%	$5K	$117K	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	232.23	+0.069%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDTshort	0.0000%	8h	232.23	+0.069%	$15K	$61K	20x
Phemex NBISUSDT	0.0000%	8h	232.32	+0.108%	$1.6M	$957K	10x	as long as short
QFEX NBIS-USD	+0.0029%	1h	232.30	+0.099%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	232.07	long leg	$42K	$132K	5x
Nado NBIS-PERP	+0.0041%	1h	232.02	−0.023%	$38K	$115K	3x	as long as short
edgeX NBISUSDC	+0.0045%	4h	232.19	+0.052%	$37K	$226K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.29	+0.095%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.26	+0.082%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.29	+0.095%	$151K	$548K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.06	−0.004%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.24	+0.073%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.20	+0.056%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0113%	1h	232.22	+0.065%	$54.6M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0158%	1h	232.30	+0.099%	$79	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	231.92	−0.065%	$351K	$815K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	232.31	+0.103%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.31	+0.103%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0264%	1h	232.24	+0.073%	$939K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0395%	1h	232.03	−0.017%	$10.1M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0957%	1h	232.25	+0.078%	$34K	$49K	10x	as long as short