Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.016%

Price spread now: QFEX against BloFin−0.086%99s7-day average −0.027% · 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—prices read too far apart to compare

costs, in and out, $10k−$360.365% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.086%, 7d avg −0.027%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.060% cheaper against BloFin than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.027%). If the spread goes back, that is −$6 on $10k: about 5.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour. The two prices were read 99 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	231.34	0.0001	pay 0.0001% / 8h	11m 30s	$204K	$212K	20x
Short	QFEX NBIS-USD	231.14	0.0041	get 0.0005% / 1h	11m 30s	$1.5M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.086%Rate

Funding earned: $8.26
Price spread: −0.086% → −0.027%: −$5.97
Slippage, 4 orders: −$14.48
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$34.2
Costs to cover: 0.365%
Break-even: 36.0 days

Slippage from BloFin: live order book, 59 min ago; QFEX: live order book, 7 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, 59 min ago	0.22 bp	7.6 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	3.24 bp	9.1 bp −$9	12.6 bp −$126	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	−0.0371%	8h	231.08	−0.112%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.95	−0.167%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.99	−0.149%	$144K	$878K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.86	−0.206%	$18.8M	$87.9M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.94	−0.173%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.91	−0.186%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.92	−0.182%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.19	−0.065%	$2.8M	$589K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.43	+0.041%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.40	+0.026%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.41	+0.030%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.12	−0.095%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDTlong	+0.0001%	8h	231.34	long leg	$204K	$212K	20x
Arcus NBIS-USD	+0.0040%	1h	231.04	−0.130%	$42K	$131K	5x	as long as short
QFEX NBIS-USDshort	+0.0041%	1h	231.14	−0.086%	$1.5M	$3.7M	10x
Vest NBIS-USD-PERP	+0.0046%	1h	230.93	−0.177%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.80	−0.233%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.12	−0.095%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.411%	$353K	$805K	10x	as long as short
SoDEX NBIS-USD	+0.0059%	1h	231.05	−0.125%	$79	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.78	−0.242%	$475K	$26K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.85	−0.212%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.07	−0.119%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0114%	1h	230.78	−0.242%	$54.0M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0186%	1h	230.65	−0.300%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0272%	1h	230.96	−0.164%	$942K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.30	−0.017%	$7K	$125K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0356%	1h	231.03	−0.134%	$34K	$49K	10x	as long as short
Entropy io:NBIS	+0.0415%	1h	231.04	−0.130%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.06	−0.122%	$23K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0839%	4h	231.21	−0.057%	$37K	$228K	10x	as long as short