NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.017%

Price spread now: Polymarket Perps against Arcus−0.069%7-day average +0.005% · 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−$39as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Arcus Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.160%−$16 on $10k

Price spread, last 4 days (all we have)+0.115%+$11 · spread now −0.069%, 7d avg +0.005%

Together, before fees−0.045%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.075% cheaper against Arcus than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.005%). If the spread goes back, that is −$7 on $10k: about 26 days of funding at the current rate ($0 a day). Mind the row above: over the last 4 days funding on this pair cost −0.160%, 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	230.79	0.0040	pay 0.0005% / 1h	33m 13s	$42K	$132K	5x
Short	Polymarket Perps NBIS-USD	230.63	0.0050	get 0.0006% / 1h	33m 13s	$137K	$473K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.069%Rate

Funding earned: $2.04
Price spread: −0.069% → +0.005%: −$7.48
Slippage, 4 orders: −$19.36
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$37.3
Costs to cover: 0.319%
Break-even: 134.9 days

Slippage from Arcus: live order book, 15 min ago; Polymarket Perps: live order book, 14 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, 15 min ago	2.59 bp	6.1 bp −$6	14.2 bp −$142	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 14 min ago	1.73 bp	5.7 bp −$6	7.3 bp −$73	27.0 bp −$2,700	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
Bitget NBISUSDT	−0.0334%	8h	230.71	−0.035%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0010%	8h	230.64	−0.065%	$206K	$204K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.75	−0.016%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.61	−0.080%	$144K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.55	−0.104%	$18.3M	$86.4M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.74	−0.022%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.68	−0.048%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.68	−0.048%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.06	+0.119%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.34	+0.240%	$5K	$118K	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	230.75	−0.017%	$711	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.63	−0.069%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.30	+0.221%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.64	−0.065%	$1.6M	$956K	10x	as long as short
Nado NBIS-PERP	+0.0014%	1h	230.64	−0.067%	$37K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0029%	1h	230.69	−0.043%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	230.79	long leg	$42K	$132K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	230.67	−0.052%	—	$219K	5x	as long as short
Polymarket Perps NBIS-USDshort	+0.0050%	1h	230.63	−0.069%	$137K	$473K	10x
SoDEX NBIS-USD	+0.0050%	1h	230.61	−0.078%	$97	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.69	−0.043%	$160K	$522K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0051%	1h	230.63	−0.069%	$53.6M	$20.4M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.60	−0.082%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.66	−0.056%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.64	−0.067%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	230.16	−0.273%	$352K	$791K	10x	as long as short
Lighter NBIS	+0.0200%	1h	230.52	−0.117%	$919K	$3.9M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0223%	1h	230.57	−0.097%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	231.19	+0.173%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0311%	1h	230.85	+0.026%	$10.0M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0940%	4h	231.06	+0.117%	$37K	$227K	10x	as long as short