Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.053%
Price spread now: Coinbase International against Bitget−0.248%7-day average +0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$540.544% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.318%+$32 on $10k
Price spread, last 3 days (all we have)+0.390%+$39 · spread now −0.248%, 7d avg +0.095%
Together, before fees+0.708%+$71 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.342% cheaper against Bitget than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.095%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NBISUSDT234.340get 0.0000% / 8h48m 04s$2.5M$4.8M20x
ShortCoinbase International NBIS-PERP-INTX233.760get 0.0000% / 1h48m 04s$358K$699K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$0
Price spread: −0.248% → +0.095%
−$34.21
Slippage, 4 orders
−$32.38
Fee Bitget: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$88.6
Costs to cover
0.544%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Coinbase International: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago1.71 bp16.1 bp −$1628.6 bp −$28639.1 bp −$3,906doesn't fit
Sell Coinbase International live order book, 30 min ago4.06 bp9.5 bp −$920.8 bp −$208doesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NBISUSDT0.0000%8h234.37+0.013%$5.2M$6.5M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h234.37+0.013%$3.4M$17.0M25xas long as short
Gate NBIS_USDT0.0000%8h234.38+0.017%$2.8M$5.3M50xas long as short
Bitget NBISUSDTlong0.0000%8h234.34long leg$2.5M$4.8M20x
SunX NBIS-USDT0.0000%8h234.37+0.013%$1K$1.8M10xas long as short
Coinbase International NBIS-PERP-INTXshort0.0000%1h233.76−0.248%$358K$699K10x
HTX NBIS-USDT0.0000%8h234.42+0.034%$15K$115K20xas long as short
Phemex NBISUSDT0.0000%8h234.33−0.004%$1.6M$967K10xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.49+0.064%$234K5xas long as short
SoDEX NBIS-USD+0.0050%1h234.36+0.009%$23$20K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX NBIS-USD+0.0051%1h234.32−0.009%$1.5M$5.1M10xas long as short
Polymarket Perps NBIS-USD+0.0053%1h234.30−0.017%$146K$706K10xas long as short
KuCoin NBISUSDTM+0.0100%8h234.24−0.043%$483K$25K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h234.340.000%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h234.40+0.027%10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0177%1h234.29−0.021%$35K$48K10xas long as short
Variational Omni NBIS+0.0183%8h234.38+0.017%$2.9M$821Kas long as short
Aster NBISUSDT+0.0229%8h234.32−0.009%$79K$306K50xas long as short
BloFin NBIS-USDT+0.0231%8h234.45+0.047%$206K$214K20xas long as short
Nado NBIS-PERP+0.0232%1h234.17−0.074%$28K$63K3xas long as short
Extended NBIS-USD+0.0240%1h234.29−0.022%$142K$697K10xas long as short
Binance NBISUSDT+0.0242%8h234.33−0.004%$19.4M$86.3M25xas long as short
Kraken Futures PF_NBISUSD+0.0249%1h234.20−0.060%$24K$13K20xas long as short
GRVT NBIS_USDT_Perp+0.0253%8h234.42+0.035%$5K$139K10xas long as short
Arcus NBIS-USD+0.0269%1h234.29−0.021%$44K$134K5xas long as short
tradeXYZ xyz:NBIS+0.0296%1h234.35+0.004%$54.6M$23.3M10xas long as short
edgeX NBISUSDC+0.0344%4h234.39+0.021%$38K$235K10xas long as short
Lighter NBIS+0.0368%1h234.47+0.055%$932K$4.6M10xas long as short
Phoenix NBIS+0.0376%1h234.42+0.034%$7K$163K10xas long as short
Ondo Perps NBIS-USD.P+0.0469%1h234.39+0.021%$174K$498K10xas long as short
Entropy io:NBIS+0.0513%1h234.340.000%$10.2M$3.3M10xas long as short