Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.038%

Price spread now: Deribit against BloFin−0.013%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 57 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	BloFin NBIS-USDT	233.83	0.0103	pay 0.0103% / 8h	1h 07m	$206K	$214K	20x
Short	Deribit NBIS_USDC-PERPETUAL	233.80	0	get 0.0000% / 1h	7m 20s	$35K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$21.62
Price spread: −0.013% → 0.000%: −$1.28
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$41.9
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

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 BloFin live order book, 3 min ago	0.86 bp	9.1 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit NBISUSDT	0.0000%	8h	233.73	−0.043%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.67	−0.068%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.80	−0.013%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.63	−0.086%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.85	+0.009%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUALshort	0.0000%	1h	233.80	−0.013%	$35K	$47K	10x
HTX NBIS-USDT	0.0000%	8h	233.75	−0.034%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.89	+0.026%	$1.6M	$969K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	233.73	−0.043%	$1.5M	$5.1M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.81	−0.009%	$44K	$134K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	233.97	+0.060%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.81	−0.009%	$132K	$683K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.86	+0.013%	$23	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0072%	1h	233.76	−0.030%	$358K	$701K	10x	as long as short
Variational Omni NBIS	+0.0075%	8h	233.82	−0.005%	$2.8M	$825K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.68	−0.064%	$482K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.80	−0.013%	$2K	$3K	10x	as long as short
BloFin NBIS-USDTlong	+0.0103%	8h	233.83	long leg	$206K	$214K	20x
Aevo NBIS-PERP	+0.0104%	1h	233.91	+0.033%	—	—	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0122%	1h	233.73	−0.043%	$173K	$499K	10x	as long as short
Aster NBISUSDT	+0.0125%	8h	233.84	+0.003%	$79K	$304K	50x	as long as short
Binance NBISUSDT	+0.0135%	8h	233.81	−0.008%	$19.4M	$86.9M	25x	as long as short
Extended NBIS-USD	+0.0136%	1h	233.79	−0.016%	$142K	$697K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0155%	8h	233.87	+0.016%	$5K	$142K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0217%	1h	233.86	+0.013%	$54.5M	$23.4M	10x	as long as short
Lighter NBIS	+0.0248%	1h	233.94	+0.047%	$930K	$4.6M	10x	as long as short
Nado NBIS-PERP	+0.0268%	1h	233.75	−0.035%	$28K	$63K	3x	as long as short
Entropy io:NBIS	+0.0334%	1h	233.86	+0.013%	$10.2M	$3.3M	10x	as long as short
Phoenix NBIS	+0.0343%	1h	233.69	−0.060%	$7K	$185K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0346%	1h	233.73	−0.043%	$24K	$13K	20x	as long as short
edgeX NBISUSDC	+0.0847%	4h	233.83	0.000%	$37K	$234K	10x	as long as short