Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h +0.091%

Price spread now: Nado against Bitget+0.007%52s7-day average −0.016% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$900.898% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$9 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.007%, 7d avg −0.016%

Together, before fees+0.126%+ Points / potential airdropNado: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Nado is 0.023% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.016%. The two prices were read 52 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	Bitget NBISUSDT	233.82	0	get 0.0000% / 8h	5h 28m	$2.3M	$4.6M	20x
Short	Nado NBIS-PERP	233.84	0.0193	get 0.0024% / 1h	28m 37s	$38K	$85K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.007%Rate

Funding earned: $40.48
Price spread: +0.007% → −0.016%: $2.31
Slippage, 4 orders: −$70.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$47
Costs to cover: 0.898%
Break-even: 15.1 days

Slippage from Bitget: live order book, 3 min ago; Nado: live order book, 81 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	1.92 bp	18.5 bp −$19	22.1 bp −$221	33.9 bp −$3,394	doesn't fit
Sell Nado live order book, 81 min ago	11.93 bp	35.1 bp −$35	134.3 bp −$1,343	doesn't fit	doesn't fit

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.79	−0.013%	$3.3M	$16.6M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.78	−0.017%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDTlong	0.0000%	8h	233.82	long leg	$2.3M	$4.6M	20x
SunX NBIS-USDT	0.0000%	8h	234.03	+0.090%	$1K	$1.4M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.09	+0.115%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.87	+0.021%	$1.6M	$970K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.13	+0.133%	—	$250K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.31	−0.218%	$152K	$531K	10x	as long as short
QFEX NBIS-USD	+0.0058%	1h	233.97	+0.064%	$1.6M	$3.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0092%	1h	233.89	+0.030%	$35K	$49K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NBISUSDTM	+0.0100%	8h	233.58	−0.103%	$474K	$203K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.87	+0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.87	+0.022%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	234.06	+0.103%	$383K	$875K	10x	as long as short
Variational Omni NBIS	+0.0117%	8h	233.61	−0.092%	$2.9M	$637K	—	as long as short
Bybit NBISUSDT	+0.0117%	8h	233.89	+0.030%	$5.4M	$7.0M	50x	as long as short
Polymarket Perps NBIS-USD	+0.0135%	1h	233.98	+0.068%	$134K	$476K	10x	as long as short
Aster NBISUSDT	+0.0152%	8h	234.01	+0.082%	$81K	$314K	50x	as long as short
Extended NBIS-USD	+0.0184%	1h	233.76	−0.028%	$146K	$847K	10x	as long as short
Binance NBISUSDT	+0.0188%	8h	233.83	+0.003%	$20.6M	$91.4M	25x	as long as short
Nado NBIS-PERPshort	+0.0193%	1h	233.84	+0.007%	$38K	$85K	3x
BloFin NBIS-USDT	+0.0209%	8h	233.93	+0.047%	$209K	$217K	20x	as long as short
SoDEX NBIS-USD	+0.0236%	1h	233.94	+0.051%	$84	$19K	10x	as long as short
edgeX NBISUSDC	+0.0298%	4h	233.63	−0.083%	$31K	$234K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0370%	1h	233.63	−0.082%	$22K	$11K	20x	as long as short
Phoenix NBIS	+0.0377%	1h	234.06	+0.103%	$7K	$127K	10x	as long as short
Lighter NBIS	+0.0400%	1h	233.97	+0.064%	$949K	$3.8M	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	233.83	+0.004%	$42K	$119K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0417%	1h	233.88	+0.026%	$55.6M	$18.8M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0452%	8h	233.66	−0.068%	$5K	$101K	10x	as long as short
Entropy io:NBIS	+0.0736%	1h	233.73	−0.038%	$10.2M	$3.0M	10x	as long as short