Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.033%

Price spread now: SunX against Arcus+0.017%7-day average +0.011% · 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−$145as in the Price arb table

costs, in and out, $10k−$1461.459% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.162%−$16 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.017%, 7d avg +0.011%

Together, before fees−0.225%−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	233.67	0.0040	pay 0.0005% / 1h	42m 17s	$42K	$135K	5x
Short	SunX NBIS-USDT	233.71	0	get 0.0000% / 8h	6h 42m	$1K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$8.46
Price spread: +0.017% → +0.011%: $0.57
Slippage, 4 orders: −$133.44
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$153.84
Costs to cover: 1.459%
Break-even: never at this rate

Slippage from Arcus: live order book, 26 min ago; SunX: live order book, 3 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, 26 min ago	2.33 bp	4.6 bp −$5	14.0 bp −$140	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	45.77 bp	64.7 bp −$65	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
Bybit NBISUSDT	0.0000%	8h	233.56	−0.047%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.37	−0.128%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.56	−0.047%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.50	−0.073%	$2.4M	$4.6M	20x	as long as short
SunX NBIS-USDTshort	0.0000%	8h	233.71	+0.017%	$1K	$1.7M	10x
HTX NBIS-USDT	0.0000%	8h	233.78	+0.047%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.78	+0.047%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.52	−0.064%	$1.5M	$4.7M	10x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	233.67	long leg	$42K	$135K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	233.65	−0.009%	—	$226K	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	233.42	−0.107%	$148K	$468K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.63	−0.017%	$93	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.66	−0.004%	$163K	$502K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0062%	8h	233.77	+0.041%	$5K	$130K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.69	+0.008%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.48	−0.081%	$481K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.46	−0.090%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.42	−0.105%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.019%	$386K	$723K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0136%	1h	233.40	−0.116%	$54.8M	$22.8M	10x	as long as short
Nado NBIS-PERP	+0.0177%	1h	233.46	−0.091%	$73K	$92K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0221%	1h	233.63	−0.017%	$35K	$48K	10x	as long as short
Aster NBISUSDT	+0.0225%	8h	233.75	+0.033%	$81K	$314K	50x	as long as short
Variational Omni NBIS	+0.0232%	8h	233.84	+0.072%	$2.9M	$560K	—	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.158%	$207K	$209K	20x	as long as short
Binance NBISUSDT	+0.0245%	8h	233.49	−0.077%	$19.2M	$85.3M	25x	as long as short
Extended NBIS-USD	+0.0248%	1h	233.48	−0.080%	$150K	$705K	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.04	+0.158%	$7K	$152K	10x	as long as short
Lighter NBIS	+0.0312%	1h	233.60	−0.030%	$903K	$4.4M	10x	as long as short
Entropy io:NBIS	+0.0370%	1h	233.76	+0.039%	$10.2M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0990%	4h	233.83	+0.066%	$38K	$227K	10x	as long as short