Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.033%

Price spread now: Arcus against Bitget−0.123%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.108%+$11 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.123%, 7d avg −0.016%

Together, before fees+0.210%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.107% cheaper against Bitget than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.016%). If the spread goes back, that is −$11 on $10k: about 8.9 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.108% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NBISUSDT	235.48	0	get 0.0000% / 8h	4h 44m	$2.4M	$4.4M	20x
Short	Arcus NBIS-USD	235.19	0.0040	get 0.0005% / 1h	44m 53s	$43K	$132K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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 BitgetbpFee ArcusbpOrdersPrice spread, now −0.123%Rate

Funding earned: $8.46
Price spread: −0.123% → −0.016%: −$10.74
Slippage, 4 orders: −$34.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$53.42
Costs to cover: 0.511%
Break-even: 51.2 days

Slippage from Bitget: live order book, 3 min ago; Arcus: live order book, 13 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 Bitget live order book, 3 min ago	1.91 bp	15.1 bp −$15	23.1 bp −$231	38.9 bp −$3,888	doesn't fit
Sell Arcus live order book, 13 min ago	3.19 bp	11.5 bp −$11	18.6 bp −$186	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
Nado NBIS-PERP	−0.0201%	1h	235.27	−0.088%	$64K	$101K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.50	+0.008%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.47	−0.004%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.48	0.000%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDTlong	0.0000%	8h	235.48	long leg	$2.4M	$4.4M	20x
GRVT NBIS_USDT_Perp	0.0000%	8h	235.39	−0.037%	$5K	$119K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.40	−0.034%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.41	−0.030%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.28	−0.085%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.53	+0.021%	$1.6M	$959K	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	+0.0038%	1h	235.43	−0.021%	$1.5M	$4.2M	10x	as long as short
Variational Omni NBIS	+0.0039%	8h	235.31	−0.072%	$2.9M	$573K	—	as long as short
Arcus NBIS-USDshort	+0.0040%	1h	235.19	−0.123%	$43K	$132K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	235.72	+0.102%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.32	−0.068%	$54.9M	$19.8M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.40	−0.034%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.46	−0.008%	$9	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.19	−0.123%	$161K	$504K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.35	−0.055%	$389K	$724K	10x	as long as short
Lighter NBIS	+0.0064%	1h	235.52	+0.017%	$898K	$4.0M	10x	as long as short
Aster NBISUSDT	+0.0085%	8h	235.46	−0.006%	$81K	$310K	50x	as long as short
Extended NBIS-USD	+0.0088%	1h	235.48	−0.001%	$147K	$702K	10x	as long as short
Binance NBISUSDT	+0.0090%	8h	235.51	+0.011%	$19.4M	$84.6M	25x	as long as short
BloFin NBIS-USDT	+0.0097%	8h	235.51	+0.013%	$208K	$205K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.30	−0.076%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.47	−0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.48	0.000%	—	—	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.31	−0.072%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0431%	1h	235.36	−0.051%	$10.2M	$3.3M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.26	−0.093%	$24K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0975%	4h	235.27	−0.087%	$38K	$227K	10x	as long as short