Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.032%

Price spread now: Nado against BloFin−0.143%7-day average −0.031% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$830.835% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.143%, 7d avg −0.031%

Together, before fees+0.156%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.112% cheaper against BloFin than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.031%). If the spread goes back, that is −$11 on $10k: about 4.1 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.007% in total) that is about 52 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	231.01	−0.0028	get 0.0028% / 8h	1h 09m	$203K	$205K	20x
Short	Nado NBIS-PERP	230.68	0.0062	get 0.0008% / 1h	9m 59s	$37K	$115K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.143%Rate

Funding earned: $18.91
Price spread: −0.143% → −0.031%: −$11.17
Slippage, 4 orders: −$64.48
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$75.75
Costs to cover: 0.835%
Break-even: 35.0 days

Slippage from BloFin: live order book, 66 min ago; Nado: live order book, 28 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, 66 min ago	0.86 bp	9.8 bp −$10	21.8 bp −$218	doesn't fit	doesn't fit
Sell Nado live order book, 28 min ago	10.42 bp	33.1 bp −$33	doesn't fit	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
Bitget NBISUSDT	−0.0568%	8h	231.02	+0.004%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDTlong	−0.0028%	8h	231.01	long leg	$203K	$205K	20x
Aster NBISUSDT	0.0000%	8h	230.72	−0.124%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.90	−0.050%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.93	−0.035%	$18.5M	$87.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.04	+0.013%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.02	+0.004%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.00	−0.004%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.96	−0.023%	$2.8M	$599K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.95	−0.025%	$5K	$116K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	230.97	−0.017%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.77	−0.104%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.07	+0.026%	$1.6M	$965K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.78	−0.100%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.80	−0.091%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.88	−0.056%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.96	−0.022%	$129	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.72	−0.126%	$151K	$543K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.95	−0.026%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERPshort	+0.0062%	1h	230.68	−0.143%	$37K	$115K	3x
tradeXYZ xyz:NBIS	+0.0097%	1h	230.93	−0.035%	$54.3M	$21.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.72	−0.126%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.86	−0.065%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.87	−0.062%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.38	−0.273%	$352K	$814K	10x	as long as short
Lighter NBIS	+0.0200%	1h	230.87	−0.061%	$941K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.77	−0.104%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0347%	1h	230.80	−0.091%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	230.84	−0.074%	$23K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0762%	4h	230.88	−0.057%	$37K	$226K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0791%	1h	230.88	−0.056%	$34K	$49K	10x	as long as short