Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.015%

Price spread now: Vest against Binance+0.069%47s7-day average +0.485% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.069%, 7d avg +0.485%

Together, before fees−0.118%+ Points / potential airdropVest: Active · farm board−$12 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 Vest is 0.416% cheaper against Binance than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of +0.485%). Swap the legs. The two prices were read 47 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	235.63	0.0119	pay 0.0119% / 8h	5h 04m	$19.2M	$84.5M	25x
Short	Vest NBIS-USD-PERP	235.79	0.0046	get 0.0006% / 1h	4m 37s	—	$215K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$15.3
Price spread: +0.069% → +0.485%: −$41.62
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$68.92
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 min ago; Vest: no order-book sample. Net counts fees only.

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, 8 min ago	0.85 bp	9.2 bp −$9	23.3 bp −$233	78.5 bp −$7,854	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado NBIS-PERP	−0.0008%	1h	235.46	−0.071%	$64K	$99K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.62	−0.003%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.55	−0.033%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.55	−0.033%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.62	−0.003%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.28	−0.148%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.57	−0.024%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.47	−0.067%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.57	−0.024%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.58	−0.020%	$1.6M	$960K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0023%	1h	235.50	−0.054%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.31	−0.135%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERPshort	+0.0046%	1h	235.79	+0.069%	—	$215K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	235.48	−0.063%	$150K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.53	−0.041%	$61	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.52	−0.046%	$165K	$501K	10x	as long as short
edgeX NBISUSDC	+0.0052%	4h	235.46	−0.071%	$38K	$226K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0069%	1h	235.51	−0.050%	$55.2M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0075%	8h	235.50	−0.054%	$2.9M	$565K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.35	−0.118%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.54	−0.037%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.53	−0.039%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.35	−0.118%	$389K	$725K	10x	as long as short
Aster NBISUSDT	+0.0113%	8h	235.48	−0.063%	$81K	$307K	50x	as long as short
BloFin NBIS-USDT	+0.0115%	8h	235.57	−0.024%	$207K	$205K	20x	as long as short
Binance NBISUSDTlong	+0.0119%	8h	235.63	long leg	$19.2M	$84.5M	25x
Extended NBIS-USD	+0.0120%	1h	235.54	−0.037%	$147K	$706K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0151%	1h	235.38	−0.103%	$24K	$15K	20x	as long as short
Lighter NBIS	+0.0272%	1h	235.67	+0.018%	$902K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	235.50	−0.054%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0524%	1h	235.42	−0.088%	$10.2M	$3.3M	10x	as long as short