Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h +0.056%

Price spread now: Coinbase International against Binance−0.097%7-day average +0.142% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.377%+$38 on $10k

Price spread, last 2 days (all we have)+0.382%+$38 · spread now −0.097%, 7d avg +0.142%

Together, before fees+0.759%+$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.239% cheaper against Binance than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.142%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.377%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	233.76	0.0168	pay 0.0168% / 8h	5h 59m	$19.1M	$84.7M	25x
Short	Coinbase International NBIS-PERP-INTX	233.53	0.0104	get 0.0013% / 1h	59m 19s	$382K	$712K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$13.41
Price spread: −0.097% → +0.142%: −$23.95
Slippage, 4 orders: −$22.8
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$80.16
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Coinbase International: live order book, 4 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 Binance live order book, 13 min ago	0.21 bp	6.0 bp −$6	16.8 bp −$168	79.7 bp −$7,973	doesn't fit
Sell Coinbase International live order book, 4 min ago	9.19 bp	14.2 bp −$14	19.1 bp −$191	doesn't fit	doesn't fit

NBIS on 30 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	−0.0152%	1h	233.60	−0.067%	$67K	$95K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.78	+0.010%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.83	+0.031%	$3.4M	$16.3M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.82	+0.027%	$2.8M	$4.9M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.90	+0.061%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.04	+0.122%	$5K	$128K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.63	−0.055%	$922	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.74	−0.008%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.92	+0.069%	$1.6M	$970K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.77	+0.005%	$1.5M	$4.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	233.78	+0.010%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.95	+0.082%	—	$215K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0050%	1h	233.69	−0.029%	$35K	$48K	10x	as long as short
Entropy io:NBIS	+0.0050%	1h	233.81	+0.022%	$10.2M	$3.3M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.66	−0.042%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.71	−0.020%	$19	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.04	+0.121%	$164K	$497K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.71	−0.020%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.70	−0.025%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.71	−0.020%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0104%	1h	233.53	−0.097%	$382K	$712K	10x
Variational Omni NBIS	+0.0141%	8h	233.95	+0.084%	$2.8M	$570K	—	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	233.85	+0.039%	$24K	$15K	20x	as long as short
Aster NBISUSDT	+0.0155%	8h	233.90	+0.061%	$81K	$307K	50x	as long as short
tradeXYZ xyz:NBIS	+0.0160%	1h	233.73	−0.012%	$54.5M	$19.9M	10x	as long as short
Binance NBISUSDTlong	+0.0168%	8h	233.76	long leg	$19.1M	$84.7M	25x
Extended NBIS-USD	+0.0168%	1h	233.72	−0.017%	$147K	$698K	10x	as long as short
Lighter NBIS	+0.0248%	1h	233.77	+0.005%	$903K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.08	+0.138%	$7K	$149K	10x	as long as short
edgeX NBISUSDC	+0.0480%	4h	233.91	+0.064%	$38K	$227K	10x	as long as short