Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.7% APRpaid last 24h −0.013%

Price spread now: Polymarket Perps against Binance−0.045%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.045%, 7d avg +0.010%

Together, before fees−0.126%−$13 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 Polymarket Perps is 0.055% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	235.17	0.0130	pay 0.0130% / 8h	5h 12m	$19.2M	$84.5M	25x
Short	Polymarket Perps NBIS-USD	235.06	0.0050	get 0.0006% / 1h	12m 25s	$149K	$453K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$16.74
Price spread: −0.045% → +0.010%: −$5.54
Slippage, 4 orders: −$14.35
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$54.63
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Binance: live order book, just now; Polymarket Perps: live order book, 50 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, just now	0.85 bp	9.2 bp −$9	23.3 bp −$233	78.5 bp −$7,854	doesn't fit
Sell Polymarket Perps live order book, 50 min ago	2.35 bp	6.3 bp −$6	7.0 bp −$70	35.8 bp −$3,577	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	235.20	+0.015%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.19	+0.010%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.21	+0.019%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.16	−0.002%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.98	−0.081%	$4K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.17	+0.002%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.19	+0.010%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.15	−0.007%	$1.6M	$961K	10x	as long as short
Nado NBIS-PERP	+0.0006%	1h	235.05	−0.049%	$64K	$99K	3x	as long as short
QFEX NBIS-USD	+0.0023%	1h	235.09	−0.032%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.93	−0.100%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.35	+0.078%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USDshort	+0.0050%	1h	235.06	−0.045%	$149K	$453K	10x
SoDEX NBIS-USD	+0.0050%	1h	235.13	−0.015%	$47	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.15	−0.007%	$164K	$500K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0080%	1h	235.05	−0.049%	$55.1M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0089%	8h	235.12	−0.020%	$2.9M	$566K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.99	−0.075%	$484K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.17	+0.002%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.18	+0.008%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.696%	$382K	$712K	10x	as long as short
Aster NBISUSDT	+0.0123%	8h	235.16	−0.002%	$81K	$307K	50x	as long as short
Extended NBIS-USD	+0.0128%	1h	235.15	−0.007%	$146K	$706K	10x	as long as short
Binance NBISUSDTlong	+0.0130%	8h	235.17	long leg	$19.2M	$84.5M	25x
BloFin NBIS-USDT	+0.0143%	8h	235.26	+0.040%	$207K	$205K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0151%	1h	235.12	−0.021%	$24K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0218%	1h	235.12	−0.019%	$35K	$48K	10x	as long as short
Lighter NBIS	+0.0280%	1h	235.23	+0.027%	$900K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	235.09	−0.032%	$7K	$150K	10x	as long as short
edgeX NBISUSDC	+0.0524%	4h	234.92	−0.106%	$38K	$227K	10x	as long as short
Entropy io:NBIS	+0.0531%	1h	235.09	−0.032%	$10.2M	$3.3M	10x	as long as short