Funding arb · Price arb / RWA

NBIS

RWAAll NBIS markets →

LONGArcus▾edgeX −0.0583%Kraken Futures −0.0499%QFEX 0.0000%SunX 0.0000%Phemex 0.0000%KuCoin +0.0031%Arcus +0.0038%Vest Markets +0.0046%Deribit +0.0063%Entropy +0.0085%Aevo +0.0104%Orderly +0.0157%Aster +0.0198%AZverse +0.0241%Gate +0.0274%OKX +0.0369%Bitget +0.0374%Phoenix +0.0401%Variational Omni +0.0555%Extended +0.0560%MEXC +0.0563%Binance +0.0569%Nado +0.0702%BloFin +0.0732%Avantis +0.0831%Lighter +0.0904%Polymarket Perps +0.0974%BingX +0.1004%GRVT +0.1009%Bybit +0.1094%tradeXYZ +0.1102%SoDEX +0.1189%HTX +0.1410%Ondo Perps +0.1837%

⇄⇅

SHORTTxFlow▾Ondo Perps +0.1837%HTX +0.1410%SoDEX +0.1189%tradeXYZ +0.1102%Bybit +0.1094%GRVT +0.1009%BingX +0.1004%Polymarket Perps +0.0974%Lighter +0.0904%TxFlow +0.0844%Avantis −0.0795%BloFin +0.0732%Nado +0.0702%Binance +0.0569%MEXC +0.0563%Extended +0.0560%Variational Omni +0.0555%Phoenix +0.0401%Bitget +0.0374%OKX +0.0369%Gate +0.0274%AZverse +0.0241%Aster +0.0198%Orderly +0.0157%Aevo +0.0104%Entropy +0.0085%Deribit +0.0063%Vest Markets +0.0046%KuCoin +0.0031%QFEX 0.0000%SunX 0.0000%Phemex 0.0000%Kraken Futures −0.0499%edgeX −0.0583%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusNBIS-USD	159.54	+0.0038	pay 0.0005% / 1h	23m 24s	$255K	$394K	5x	Long Arcus5% off
SHORT	TxFlowNBIS-USDC	159.75	+0.0844	get 0.0105% / 1h	23m 24s	$15K	$150K	20x	Short TxFlow5% off

Price gap+0.132%

Funding gap+0.0806% /8h

Both sides work: funding pays +$24 a day on $10k, and the gap is 0.060% above its 7d average: +$6 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.373% in total, about +0.0178%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.132%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ArcusTxFlow

NBIS on 35 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

• !
  Watch: Large against open interest3.1 / 13.2 bp

  $10k is over 10% of TxFlow’s open interest.
• i
  Note: Margin at max leverage$2,000 + $500

  Arcus 5x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Arcus · 1h−$1.14

  Short TxFlow · 1h+$25.32

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$24.18Long Arcus: 24 payments, −$1.14; short TxFlow: 24 payments, +$25.32.
• ✓
  OK: Entry gap works for you+0.132% vs +0.072%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Short leg is thinner$15K vs $255K OI

  TxFlow sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legArcus points · TxFlow points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legArcus No · TxFlow No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0178%/8h × 21 periods+$37.33

Price spread+0.132% → +0.072% (7d avg)+$5.99

Slippage, 4 orderslive order books−$17.74

Fee Arcus bp × 2 orders−$4.50

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k+$12.08

Costs to cover0.312%Break-even4.7 days

Slippage: Arcus: live order book, 39 min ago; TxFlow: live order book, 36 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGArcus0.313.1 bp−$311.3 bp−$113doesn’t fitdoesn’t fit

SELL · SHORTTxFlow2.2013.2 bp−$1351.8 bp−$518doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

NBIS news

posts that mention NBIS or Nebius Group, from every exchangeSearch all news →

10-15 18:30	Kalshi	Other	JUST IN: Nebius Group is down roughly 20% since Michael Burry disclosed his short position @Kalshi on X ↗
10-15 16:35	Vest Markets	Other	Neocloud names are extending losses today, with $NBIS down around 5% on the session, on top of a 10% drawdown yesterday. Gartner published a report on Wednesday on AI infrastructure spending, naming neoclouds among the segments most exposed to the gap between revenue and capex. The move is broader across the group, with $IREN down around 8% and $CRWV around 2.3% on the session. @VestExchange on X ↗
10-08 15:01	Vest Markets	Other	Trade $IREN, $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
10-08 15:01	Vest Markets	Other	AI infrastructure names are extending losses, with $IREN down around 5% and $NBIS around 3% on the session. On Wednesday, SemiAnalysis posted user reports of multi-day outages and storage failures at the legacy $IREN sites in British Columbia. $NBIS is on a second session of losses, with a filing showing its COO sold 500,000 shares on Monday under a preset trading plan. @VestExchange on X ↗
10-07 21:53	BingX	Other	Is $NBIS entering its next growth phase? 👀 Nebius is strengthening its AI stack with Inferize while scaling U.S. infrastructure. See the full breakdown👇 @BingXOfficial on X ↗
10-06 16:38	Vest Markets	Other	AI-infrastructure names are trading higher, with $NBIS up around 8% on the session. Inference-optimization firm Inferize has been added to the Token Factory platform, alongside 50 MW of data-center capacity under a 12-year deal. Trade $NBIS volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗