Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.003%

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

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

Long on Arcus Short on Orderly

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

Funding pays, the price is against you. Orderly is 0.069% cheaper against Arcus than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	231.50	0.0040	pay 0.0005% / 1h	55m 24s	$42K	$132K	5x
Short	Orderly PERP_NBIS_USDC_mythos	231.34	0.0100	get 0.0100% / 8h	1h 55m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.069%Rate

Funding earned: $12.54
Price spread: −0.069% → 0.000%: −$6.91
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.87
Costs to cover: 0.105%
Break-even: 9.7 days

Slippage unknown: Arcus: live order book, 53 min ago; Orderly: 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, 53 min ago	2.59 bp	6.1 bp −$6	14.2 bp −$142	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0383%	8h	231.42	−0.035%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.22	−0.121%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.25	−0.108%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.35	−0.066%	$18.6M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.39	−0.048%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.36	−0.060%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.37	−0.056%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.22	−0.119%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.54	+0.016%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.02	+0.225%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.79	+0.125%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.27	−0.099%	$1.6M	$959K	10x	as long as short
BloFin NBIS-USDT	+0.0015%	8h	231.74	+0.104%	$203K	$206K	20x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	231.50	long leg	$42K	$132K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	231.30	−0.086%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.31	−0.082%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.27	−0.099%	$79	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.66	+0.069%	$151K	$548K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	231.38	−0.052%	$1.5M	$3.9M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.19	−0.134%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythosshort	+0.0100%	8h	231.34	−0.069%	$2K	$3K	10x
Aevo NBIS-PERP	+0.0104%	1h	231.24	−0.112%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	232.18	+0.294%	$352K	$816K	10x	as long as short
Nado NBIS-PERP	+0.0143%	1h	231.19	−0.132%	$38K	$115K	3x	as long as short
edgeX NBISUSDC	+0.0170%	4h	231.80	+0.131%	$37K	$225K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0232%	1h	231.35	−0.065%	$54.4M	$21.1M	10x	as long as short
Phoenix NBIS	+0.0242%	1h	231.70	+0.086%	$7K	$150K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0312%	1h	231.27	−0.099%	$34K	$49K	10x	as long as short
Lighter NBIS	+0.0360%	1h	231.46	−0.017%	$940K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0562%	1h	231.50	0.000%	$10.1M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0683%	1h	231.27	−0.100%	$23K	$15K	20x	as long as short