Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.003%

Price spread now: KuCoin against Arcus−0.013%7-day average −0.046% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$2082.079% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.013%, 7d avg −0.046%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.033% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.046%. Mind the row above: over the last 4 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	235.50	0.0040	pay 0.0005% / 1h	40m 11s	$43K	$132K	5x
Short	KuCoin NBISUSDTM	235.47	0.0100	get 0.0100% / 8h	4h 40m	$485K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.013%Rate

Funding earned: $12.54
Price spread: −0.013% → −0.046%: $3.28
Slippage, 4 orders: −$191.37
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$192.05
Costs to cover: 2.079%
Break-even: 114.2 days

Slippage from Arcus: live order book, 18 min ago; KuCoin: live order book, 43 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, 18 min ago	3.19 bp	6.3 bp −$6	15.3 bp −$153	doesn't fit	doesn't fit
Sell KuCoin live order book, 43 min ago	21.76 bp	68.5 bp −$68	doesn't fit	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
Nado NBIS-PERP	−0.0169%	1h	235.65	+0.064%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.62	+0.051%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.55	+0.021%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.58	+0.034%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.56	+0.025%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.51	+0.003%	$5K	$119K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.85	+0.149%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.66	+0.068%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.77	+0.115%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.58	+0.034%	$1.6M	$958K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NBIS	+0.0033%	8h	235.81	+0.130%	$2.9M	$572K	—	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.68	+0.076%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	235.50	long leg	$43K	$132K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	235.97	+0.200%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.40	−0.042%	$54.9M	$19.9M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.67	+0.072%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.60	+0.042%	$5	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.74	+0.102%	$161K	$504K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.35	−0.064%	$389K	$724K	10x	as long as short
Lighter NBIS	+0.0072%	1h	235.55	+0.021%	$899K	$4.0M	10x	as long as short
Extended NBIS-USD	+0.0080%	1h	235.64	+0.059%	$147K	$702K	10x	as long as short
Aster NBISUSDT	+0.0081%	8h	235.65	+0.063%	$79K	$310K	50x	as long as short
Binance NBISUSDT	+0.0084%	8h	235.56	+0.025%	$19.4M	$84.6M	25x	as long as short
KuCoin NBISUSDTMshort	+0.0100%	8h	235.47	−0.013%	$485K	$21K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.70	+0.085%	$2K	$3K	10x	as long as short
BloFin NBIS-USDT	+0.0100%	8h	235.83	+0.140%	$207K	$205K	20x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.69	+0.083%	—	—	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.68	+0.076%	$7K	$150K	10x	as long as short
edgeX NBISUSDC	+0.0307%	4h	235.68	+0.076%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0422%	1h	235.61	+0.047%	$10.2M	$3.3M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0476%	1h	235.51	+0.003%	$24K	$15K	20x	as long as short