Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.028%

Price spread now: Extended against Bitget−0.009%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.009%, 7d avg −0.037%

Together, before fees−0.070%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Extended is 0.028% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.037%. Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NBISUSDT	235.65	0.0121	pay 0.0121% / 8h	7h 08m	$2.5M	$4.6M	20x
Short	Extended NBIS-USD	235.63	0.0280	get 0.0035% / 1h	8m 24s	$151K	$705K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.009%Rate

Funding earned: $33.39
Price spread: −0.009% → −0.037%: $2.78
Slippage, 4 orders: −$34.88
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.72
Costs to cover: 0.519%
Break-even: 10.3 days

Slippage from Bitget: live order book, 5 min ago; Extended: live order book, 65 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, 5 min ago	2.33 bp	15.8 bp −$16	21.9 bp −$219	35.9 bp −$3,589	doesn't fit
Sell Extended live order book, 65 min ago	2.35 bp	12.0 bp −$12	134.2 bp −$1,342	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
Kraken Futures PF_NBISUSD	−0.0178%	1h	235.55	−0.044%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.72	+0.030%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.57	−0.034%	$2.8M	$5.1M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.71	+0.025%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.54	−0.047%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	236.48	+0.352%	$15K	$106K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.50	−0.064%	$1.6M	$972K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	+0.170%	$386K	$737K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.55	−0.042%	$1.5M	$4.9M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.91	+0.110%	—	$224K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NBISUSDT	+0.0050%	8h	235.62	−0.013%	$5.1M	$6.4M	50x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.52	−0.055%	$175K	$503K	10x	as long as short
SoDEX NBIS-USD	+0.0084%	1h	235.59	−0.025%	$80	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.42	−0.098%	$485K	$23K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.64	−0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.60	−0.020%	—	—	10x	as long as short
Bitget NBISUSDTlong	+0.0121%	8h	235.65	long leg	$2.5M	$4.6M	20x
Nado NBIS-PERP	+0.0148%	1h	235.50	−0.065%	$31K	$66K	3x	as long as short
Polymarket Perps NBIS-USD	+0.0181%	1h	235.62	−0.013%	$142K	$462K	10x	as long as short
Variational Omni NBIS	+0.0252%	8h	235.56	−0.038%	$2.9M	$591K	—	as long as short
Aster NBISUSDT	+0.0261%	8h	235.71	+0.027%	$81K	$308K	50x	as long as short
Extended NBIS-USDshort	+0.0280%	1h	235.63	−0.009%	$151K	$705K	10x
Binance NBISUSDT	+0.0283%	8h	235.67	+0.010%	$19.6M	$85.4M	25x	as long as short
BloFin NBIS-USDT	+0.0284%	8h	235.45	−0.085%	$207K	$210K	20x	as long as short
Lighter NBIS	+0.0288%	1h	235.68	+0.013%	$920K	$4.5M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0305%	1h	235.65	0.000%	$55.1M	$23.6M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.57	−0.034%	$44K	$132K	5x	as long as short
Phoenix NBIS	+0.0409%	1h	235.90	+0.106%	$7K	$163K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0440%	8h	235.92	+0.113%	$5K	$131K	10x	as long as short
edgeX NBISUSDC	+0.0735%	4h	235.65	−0.002%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0861%	1h	235.59	−0.025%	$10.3M	$3.4M	10x	as long as short