Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h −0.001%

Price spread now: Extended against BloFin+0.015%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.015%, 7d avg −0.052%

Together, before fees−0.013%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.067% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	236.22	0.0253	pay 0.0253% / 8h	7h 27m	$207K	$212K	20x
Short	Extended NBIS-USD	236.26	0.0272	get 0.0034% / 1h	27m 22s	$151K	$897K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.015%Rate

Funding earned: $3.92
Price spread: +0.015% → −0.052%: $6.74
Slippage, 4 orders: −$26.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.04
Costs to cover: 0.437%
Break-even: 66.0 days

Slippage from BloFin: live order book, 38 min ago; Extended: live order book, 46 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 BloFin live order book, 38 min ago	2.35 bp	9.6 bp −$10	19.2 bp −$192	doesn't fit	doesn't fit
Sell Extended live order book, 46 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	236.22	−0.001%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	236.34	+0.051%	$3.4M	$16.8M	25x	as long as short
SunX NBIS-USDT	0.0000%	8h	236.28	+0.025%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	236.25	+0.013%	$15K	$112K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	236.37	+0.064%	$1.6M	$972K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	−0.072%	$386K	$739K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	236.16	−0.025%	$1.5M	$5.0M	10x	as long as short
Gate NBIS_USDT	+0.0043%	8h	236.26	+0.017%	$2.8M	$5.1M	50x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	236.36	+0.059%	—	$224K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.64	−0.246%	$175K	$504K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NBISUSDT	+0.0083%	8h	236.31	+0.038%	$2.5M	$4.6M	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	236.01	−0.089%	$487K	$23K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	236.36	+0.059%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	236.31	+0.039%	—	—	10x	as long as short
Bybit NBISUSDT	+0.0120%	8h	236.29	+0.030%	$5.1M	$6.5M	50x	as long as short
Nado NBIS-PERP	+0.0191%	1h	236.05	−0.074%	$31K	$66K	3x	as long as short
SoDEX NBIS-USD	+0.0201%	1h	236.31	+0.038%	$57	$20K	10x	as long as short
Variational Omni NBIS	+0.0230%	8h	235.75	−0.200%	$2.9M	$820K	—	as long as short
Aster NBISUSDT	+0.0250%	8h	236.00	−0.092%	$82K	$308K	50x	as long as short
BloFin NBIS-USDTlong	+0.0253%	8h	236.22	long leg	$207K	$212K	20x
Binance NBISUSDT	+0.0270%	8h	236.34	+0.049%	$19.7M	$85.7M	25x	as long as short
Extended NBIS-USDshort	+0.0272%	1h	236.26	+0.015%	$151K	$897K	10x
Deribit NBIS_USDC-PERPETUAL	+0.0301%	1h	236.20	−0.008%	$35K	$48K	10x	as long as short
Lighter NBIS	+0.0336%	1h	236.37	+0.064%	$930K	$4.5M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0351%	1h	236.29	+0.030%	$134K	$436K	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.87	−0.148%	$44K	$132K	5x	as long as short
Phoenix NBIS	+0.0409%	1h	236.14	−0.034%	$7K	$163K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0435%	8h	235.71	−0.217%	$5K	$133K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0455%	1h	236.20	−0.008%	$55.3M	$23.7M	10x	as long as short
Entropy io:NBIS	+0.0905%	1h	235.93	−0.123%	$10.3M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0983%	4h	236.10	−0.050%	$38K	$227K	10x	as long as short