Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.016%

Price spread now: tradeXYZ against Binance−0.004%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 2 days (all we have)+0.137%+$14 · spread now −0.004%, 7d avg +0.013%

Together, before fees+0.313%+ Points / potential airdroptradeXYZ: Active · farm board+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	234.80	0.0235	pay 0.0235% / 8h	36m 34s	$19.4M	$86.4M	25x
Short	tradeXYZ xyz:NBIS	234.79	0.0272	get 0.0034% / 1h	36m 34s	$54.8M	$23.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.004%Rate

Funding earned: $7.84
Price spread: −0.004% → +0.013%: −$1.74
Slippage, 4 orders: −$13.42
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$35.32
Costs to cover: 0.414%
Break-even: 38.5 days

Slippage from Binance: live order book, 6 min ago; tradeXYZ: live order book, 3 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, 6 min ago	0.43 bp	8.0 bp −$8	19.8 bp −$198	83.0 bp −$8,304	doesn't fit
Sell tradeXYZ live order book, 3 min ago	1.71 bp	13.3 bp −$13	16.5 bp −$165	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
Bybit NBISUSDT	0.0000%	8h	234.80	0.000%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.84	+0.017%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.77	−0.013%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.74	−0.026%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.83	+0.013%	$824	$1.8M	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.443%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.66	−0.060%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.82	+0.009%	$1.6M	$967K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.86	+0.026%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.75	−0.021%	$148K	$707K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX NBIS-USD	+0.0050%	1h	234.73	−0.030%	$38	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.74	−0.026%	$1.5M	$5.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0091%	1h	234.68	−0.051%	$35K	$48K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.49	−0.132%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.73	−0.030%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.71	−0.036%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0181%	1h	234.62	−0.079%	$28K	$63K	3x	as long as short
Ondo Perps NBIS-USD.P	+0.0190%	1h	234.39	−0.175%	$174K	$498K	10x	as long as short
Variational Omni NBIS	+0.0199%	8h	234.38	−0.181%	$2.9M	$821K	—	as long as short
BloFin NBIS-USDT	+0.0219%	8h	234.80	0.000%	$207K	$214K	20x	as long as short
Aster NBISUSDT	+0.0221%	8h	234.54	−0.112%	$79K	$306K	50x	as long as short
Extended NBIS-USD	+0.0232%	1h	234.78	−0.009%	$142K	$697K	10x	as long as short
Binance NBISUSDTlong	+0.0235%	8h	234.80	long leg	$19.4M	$86.4M	25x
GRVT NBIS_USDT_Perp	+0.0247%	8h	234.42	−0.162%	$5K	$140K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.55	−0.107%	$24K	$13K	20x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.74	−0.026%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBISshort	+0.0272%	1h	234.79	−0.004%	$54.8M	$23.1M	10x
Lighter NBIS	+0.0368%	1h	234.87	+0.030%	$935K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.62	−0.077%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0491%	4h	234.49	−0.133%	$38K	$234K	10x	as long as short
Entropy io:NBIS	+0.0508%	1h	234.63	−0.072%	$10.3M	$3.3M	10x	as long as short