Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h −0.005%

Price spread now: Ondo Perps against BloFin−0.013%7-day average −0.035% · you buy dearer than you sell

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 3 days (all we have)+0.075%+$8 · spread now −0.013%, 7d avg −0.035%

Together, before fees+0.108%+ Points / potential airdropOndo Perps: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.022% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	233.30	0.0046	pay 0.0046% / 8h	1h 47m	$205K	$216K	20x
Short	Ondo Perps NBIS-USD.P	233.27	0.0119	get 0.0015% / 1h	47m 59s	$173K	$498K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.013%Rate

Funding earned: $15.35
Price spread: −0.013% → −0.035%: $2.22
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $0.57
Costs to cover: 0.170%
Break-even: 6.7 days

Slippage unknown: BloFin: live order book, 27 min ago; Ondo Perps: 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, 27 min ago	0.43 bp	8.7 bp −$9	25.2 bp −$252	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Deribit NBIS_USDC-PERPETUAL	−0.0007%	1h	233.18	−0.051%	$35K	$47K	10x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.23	−0.030%	$5.1M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.12	−0.077%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.20	−0.043%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.19	−0.047%	$2.5M	$4.7M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.27	−0.013%	$2.8M	$945K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	233.25	−0.021%	$966	$1.8M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.36	+0.026%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.21	−0.039%	$1.6M	$966K	10x	as long as short
Binance NBISUSDT	+0.0021%	8h	233.25	−0.021%	$19.4M	$86.9M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NBISUSDT	+0.0023%	8h	233.49	+0.083%	$79K	$304K	50x	as long as short
Extended NBIS-USD	+0.0024%	1h	233.22	−0.036%	$141K	$697K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	233.24	−0.026%	$1.5M	$5.1M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0039%	8h	233.25	−0.020%	$5K	$147K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.30	0.000%	$44K	$133K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.31	+0.004%	—	$234K	5x	as long as short
BloFin NBIS-USDTlong	+0.0046%	8h	233.30	long leg	$205K	$216K	20x
SoDEX NBIS-USD	+0.0050%	1h	233.19	−0.047%	$33	$20K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0066%	1h	233.29	−0.004%	$136K	$645K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0072%	1h	232.99	−0.133%	$356K	$702K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.11	−0.081%	$480K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.20	−0.043%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.22	−0.036%	—	—	10x	as long as short
Ondo Perps NBIS-USD.Pshort	+0.0119%	1h	233.27	−0.013%	$173K	$498K	10x
Entropy io:NBIS	+0.0297%	1h	233.24	−0.026%	$10.2M	$3.3M	10x	as long as short
Nado NBIS-PERP	+0.0297%	1h	233.26	−0.019%	$28K	$63K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0301%	1h	233.27	−0.013%	$54.4M	$23.5M	10x	as long as short
Phoenix NBIS	+0.0343%	1h	233.31	+0.004%	$7K	$185K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0347%	1h	233.12	−0.078%	$24K	$13K	20x	as long as short
Lighter NBIS	+0.0352%	1h	233.28	−0.009%	$934K	$4.6M	10x	as long as short
edgeX NBISUSDC	+0.0602%	4h	233.27	−0.014%	$37K	$234K	10x	as long as short