Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: SunX against Bybit−0.047%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1561.557% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.047%, 7d avg +0.001%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.048% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NBISUSDT	234.19	0	get 0.0000% / 8h	5h 53m	$5.0M	$6.2M	50x
Short	SunX NBIS-USDT	234.08	0	get 0.0000% / 8h	5h 53m	$904	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.001%: −$4.83
Slippage, 4 orders: −$136.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$160.49
Costs to cover: 1.557%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; SunX: live order book, 12 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 Bybit live order book, 5 min ago	2.35 bp	13.2 bp −$13	68.2 bp −$682	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	45.09 bp	64.1 bp −$64	doesn't fit	doesn't fit	doesn't fit

NBIS on 30 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
Bybit NBISUSDTlong	0.0000%	8h	234.19	long leg	$5.0M	$6.2M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	234.16	−0.013%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.23	+0.017%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.16	−0.013%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.04	−0.064%	$5K	$127K	10x	as long as short
SunX NBIS-USDTshort	0.0000%	8h	234.08	−0.047%	$904	$1.7M	10x
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.13	−0.026%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.07	−0.051%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.16	−0.013%	$1.6M	$968K	10x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.20	+0.004%	$1.5M	$4.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado NBIS-PERP	+0.0039%	1h	234.09	−0.045%	$67K	$95K	3x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.95	−0.102%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.35	+0.068%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.12	−0.030%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.19	0.000%	$5	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.10	−0.038%	$163K	$496K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.13	−0.026%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.19	0.000%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.17	−0.008%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.282%	$382K	$712K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0104%	1h	234.11	−0.034%	$54.6M	$19.7M	10x	as long as short
Variational Omni NBIS	+0.0132%	8h	234.03	−0.070%	$2.8M	$570K	—	as long as short
Aster NBISUSDT	+0.0147%	8h	234.30	+0.049%	$81K	$307K	50x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.21	+0.008%	$23K	$15K	20x	as long as short
Binance NBISUSDT	+0.0158%	8h	234.15	−0.017%	$19.1M	$84.7M	25x	as long as short
Extended NBIS-USD	+0.0160%	1h	234.12	−0.030%	$147K	$698K	10x	as long as short
Lighter NBIS	+0.0304%	1h	234.21	+0.009%	$904K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.17	−0.009%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0473%	1h	234.07	−0.051%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0592%	4h	234.09	−0.042%	$38K	$226K	10x	as long as short