Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0021%/8h= −2.3% APRnext payment $0.21 per $10,000 · paid last 24h −0.048%
Price spread now: HTX against Binance−0.030%7-day average +0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$370.370% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.115%−$11 on $10k
Price spread, last 2 days (all we have)+0.120%+$12 · spread now −0.030%, 7d avg +0.070%
Together, before fees+0.005%+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.100% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.070%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NBISUSDT233.230.0021pay 0.0021% / 8h1h 46m$19.4M$86.8M25x
ShortHTX NBIS-USDT233.160get 0.0000% / 8h1h 46m$15K$115K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$4.42
Price spread: −0.030% → +0.070%
−$9.99
Slippage, 4 orders
−$14.97
Fee Binance: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$51.38
Costs to cover
0.370%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; HTX: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago0.21 bp8.9 bp −$927.0 bp −$270105.6 bp −$10.6Kdoesn't fit
Sell HTX live order book, 34 min ago0.86 bp11.0 bp −$1133.2 bp −$332doesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NBISUSDT0.0000%8h233.18−0.021%$5.1M$6.5M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h233.10−0.056%$3.4M$17.0M25xas long as short
Gate NBIS_USDT0.0000%8h233.18−0.021%$2.8M$5.3M50xas long as short
Bitget NBISUSDT0.0000%8h233.17−0.026%$2.5M$4.7M20xas long as short
Variational Omni NBIS0.0000%8h233.27+0.017%$2.8M$945Kas long as short
SunX NBIS-USDT0.0000%8h233.25+0.009%$1K$1.8M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h233.12−0.047%$35K$47K10xas long as short
HTX NBIS-USDTshort0.0000%8h233.16−0.030%$15K$115K20x
Phemex NBISUSDT0.0000%8h233.21−0.009%$1.6M$966K10xas long as short
BloFin NBIS-USDT+0.0019%8h233.20−0.013%$205K$213K20xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NBISUSDTlong+0.0021%8h233.23long leg$19.4M$86.8M25x
Aster NBISUSDT+0.0022%8h233.40+0.073%$79K$304K50xas long as short
Extended NBIS-USD+0.0024%1h233.18−0.021%$141K$697K10xas long as short
QFEX NBIS-USD+0.0038%1h233.19−0.017%$1.5M$5.1M10xas long as short
GRVT NBIS_USDT_Perp+0.0039%8h233.25+0.010%$5K$147K10xas long as short
Arcus NBIS-USD+0.0040%1h233.20−0.013%$44K$133K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h233.34+0.047%$234K5xas long as short
Polymarket Perps NBIS-USD+0.0050%1h233.29+0.026%$136K$645K10xas long as short
SoDEX NBIS-USD+0.0050%1h233.19−0.017%$33$20K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0072%1h232.99−0.103%$356K$702K10xas long as short
Ondo Perps NBIS-USD.P+0.0074%1h233.27+0.017%$173K$498K10xas long as short
KuCoin NBISUSDTM+0.0100%8h233.06−0.073%$480K$25K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h233.25+0.009%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.22−0.006%10xas long as short
Entropy io:NBIS+0.0268%1h233.24+0.004%$10.2M$3.3M10xas long as short
tradeXYZ xyz:NBIS+0.0270%1h233.26+0.013%$54.4M$23.5M10xas long as short
Nado NBIS-PERP+0.0271%1h233.19−0.017%$28K$63K3xas long as short
Lighter NBIS+0.0288%1h233.26+0.013%$934K$4.6M10xas long as short
Phoenix NBIS+0.0343%1h233.45+0.094%$7K$185K10xas long as short
Kraken Futures PF_NBISUSD+0.0347%1h233.07−0.067%$24K$13K20xas long as short
edgeX NBISUSDC+0.0602%4h233.27+0.016%$37K$234K10xas long as short