Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h +0.032%

Price spread now: Nado against Binance+0.155%48s7-day average +0.004% · 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—prices read too far apart to compare

costs, in and out, $10k−$800.799% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.155%, 7d avg +0.004%

Together, before fees−0.205%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Nado is 0.151% dearer against Binance than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.004%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	230.51	0	get 0.0000% / 8h	2h 28m	$18.4M	$86.5M	25x
Short	Nado NBIS-PERP	230.87	0.0015	get 0.0002% / 1h	28m 45s	$38K	$115K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.155%Rate

Funding earned: $3.25
Price spread: +0.155% → +0.004%: $15.08
Slippage, 4 orders: −$62.94
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$61.6
Costs to cover: 0.799%
Break-even: 139.5 days

Slippage from Binance: live order book, 14 min ago; Nado: live order book, 15 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, 14 min ago	1.08 bp	10.0 bp −$10	27.6 bp −$276	108.8 bp −$10.9K	doesn't fit
Sell Nado live order book, 15 min ago	11.23 bp	30.5 bp −$31	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
Bitget NBISUSDT	−0.0420%	8h	230.59	+0.035%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0024%	8h	231.08	+0.247%	$206K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.67	+0.069%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.40	−0.050%	$144K	$753K	10x	as long as short
Binance NBISUSDTlong	0.0000%	8h	230.51	long leg	$18.4M	$86.5M	25x
Bybit NBISUSDT	0.0000%	8h	230.58	+0.030%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.43	−0.035%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.56	+0.022%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.59	+0.034%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.62	+0.048%	$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	230.70	+0.082%	$711	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.89	+0.165%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.83	+0.139%	$1.6M	$955K	10x	as long as short
Nado NBIS-PERPshort	+0.0015%	1h	230.87	+0.155%	$38K	$115K	3x
QFEX NBIS-USD	+0.0029%	1h	230.92	+0.178%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.66	+0.065%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.69	+0.078%	—	$219K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.90	+0.169%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.85	+0.147%	$92	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.75	+0.104%	$159K	$531K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0062%	1h	230.54	+0.013%	$53.6M	$20.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.73	+0.095%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.95	+0.191%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.92	+0.179%	—	—	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0140%	1h	230.93	+0.182%	$34K	$49K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	230.62	+0.048%	$353K	$792K	10x	as long as short
Lighter NBIS	+0.0216%	1h	230.58	+0.030%	$920K	$3.9M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0223%	1h	230.82	+0.136%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	230.78	+0.117%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0304%	1h	230.70	+0.082%	$10.0M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0817%	4h	230.62	+0.046%	$37K	$227K	10x	as long as short