Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.068%60s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$179as in the Funding arb table

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

costs, in and out, $10k−$1621.618% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.068%, 7d avg −0.002%

Together, before fees−0.265%−$26 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: SunX is 0.070% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 60 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	234.17	0	get 0.0000% / 8h	6h 21m	$2.4M	$4.5M	20x
Short	SunX NBIS-USDT	234.33	0	get 0.0000% / 8h	6h 21m	$1K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → −0.002%: $6.99
Slippage, 4 orders: −$141.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$154.83
Costs to cover: 1.618%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 4 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, 2 min ago	1.71 bp	15.5 bp −$15	24.4 bp −$244	39.7 bp −$3,975	doesn't fit
Sell SunX live order book, 4 min ago	45.03 bp	63.9 bp −$64	doesn't fit	doesn't fit	doesn't fit

NBIS on 30 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
Bybit NBISUSDT	0.0000%	8h	234.20	+0.013%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.10	−0.030%	$3.4M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.15	−0.009%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDTlong	0.0000%	8h	234.17	long leg	$2.4M	$4.5M	20x
GRVT NBIS_USDT_Perp	0.0000%	8h	234.22	+0.021%	$5K	$129K	10x	as long as short
SunX NBIS-USDTshort	0.0000%	8h	234.33	+0.068%	$1K	$1.7M	10x
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.21	+0.017%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.47	+0.128%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.13	−0.017%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	234.17	0.000%	$1.5M	$4.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.11	−0.026%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.41	+0.102%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.11	−0.026%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.16	−0.004%	$56	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.27	+0.043%	$164K	$499K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0067%	1h	234.09	−0.034%	$54.7M	$19.9M	10x	as long as short
Nado NBIS-PERP	+0.0095%	1h	234.11	−0.024%	$67K	$95K	3x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	234.13	−0.018%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.16	−0.004%	$483K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.17	0.000%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.15	−0.009%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	233.89	−0.120%	$383K	$714K	10x	as long as short
Variational Omni NBIS	+0.0191%	8h	234.40	+0.097%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0199%	8h	234.38	+0.088%	$81K	$314K	50x	as long as short
Binance NBISUSDT	+0.0216%	8h	234.20	+0.013%	$19.2M	$84.8M	25x	as long as short
Extended NBIS-USD	+0.0216%	1h	234.16	−0.002%	$150K	$701K	10x	as long as short
Lighter NBIS	+0.0256%	1h	234.26	+0.038%	$905K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.33	+0.068%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0429%	1h	234.20	+0.013%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0944%	4h	234.21	+0.017%	$38K	$226K	10x	as long as short