Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +5.0% APRpaid last 24h −0.012%

Price spread now: SoDEX against BloFin−0.030%7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. SoDEX is 0.030% cheaper against BloFin than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	231.07	0.0005	pay 0.0005% / 8h	4m 54s	$204K	$212K	20x
Short	SoDEX NBIS-USD	231.00	0.0050	get 0.0006% / 1h	4m 54s	$83	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $9.54
Price spread: −0.030% → 0.000%: −$3.03
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$13.48
Costs to cover: 0.200%
Break-even: 16.9 days

Slippage unknown: BloFin: live order book, 66 min ago; SoDEX: 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, 66 min ago	0.22 bp	7.6 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Bitget NBISUSDT	−0.0367%	8h	231.13	+0.026%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.16	+0.040%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.01	−0.027%	$144K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.11	+0.015%	$18.8M	$88.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.14	+0.030%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.04	−0.013%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.07	0.000%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.07	+0.002%	$2.8M	$590K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.02	−0.022%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.10	+0.013%	$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
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.99	−0.035%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.04	−0.013%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.06	−0.004%	$1.6M	$971K	10x	as long as short
BloFin NBIS-USDTlong	+0.0005%	8h	231.07	long leg	$204K	$212K	20x
Arcus NBIS-USD	+0.0040%	1h	230.88	−0.082%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.12	+0.022%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.97	−0.043%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.04	−0.013%	$137K	$473K	10x	as long as short
SoDEX NBIS-USDshort	+0.0050%	1h	231.00	−0.030%	$83	$20K	10x
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.94	−0.056%	$150K	$542K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.90	−0.074%	$357K	$811K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.83	−0.104%	$475K	$28K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.02	−0.022%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.00	−0.030%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0117%	1h	230.99	−0.035%	$54.1M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0178%	1h	231.03	−0.019%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0264%	1h	231.02	−0.022%	$939K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.11	+0.017%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0408%	1h	231.01	−0.026%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0505%	4h	230.94	−0.058%	$37K	$227K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.07	−0.001%	$23K	$15K	20x	as long as short