Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h −0.004%

Price spread now: Vest against Bybit+0.076%7-day average +0.485% · you sell dearer than you buy

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

Long on Bybit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now +0.076%, 7d avg +0.485%

Together, before fees−0.029%+ Points / potential airdropVest: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.409% cheaper against Bybit than usual: you would sell low and buy high (spread +0.076% now, against its 7-day average of +0.485%). If the spread goes back, that is −$41 on $10k: about 5 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NBISUSDT	235.79	0.0037	pay 0.0037% / 8h	7h 05m	$5.1M	$6.4M	50x
Short	Vest NBIS-USD-PERP	235.97	0.0046	get 0.0006% / 1h	5m 13s	—	$224K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.076%Rate

Funding earned: $1.93
Price spread: +0.076% → +0.485%: −$40.85
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$51.92
Costs to cover: 0.130%
Break-even: 195.7 days

Slippage unknown: Bybit: live order book, 3 min ago; Vest: 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 Bybit live order book, 3 min ago	3.18 bp	12.8 bp −$13	64.1 bp −$641	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Kraken Futures PF_NBISUSD	−0.0178%	1h	235.56	−0.099%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.68	−0.047%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.68	−0.047%	$2.8M	$5.1M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.70	−0.038%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.60	−0.081%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.73	−0.025%	$15K	$106K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.70	−0.038%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	+0.110%	$386K	$737K	10x	as long as short
Bybit NBISUSDTlong	+0.0037%	8h	235.79	long leg	$5.1M	$6.4M	50x
QFEX NBIS-USD	+0.0038%	1h	235.58	−0.089%	$1.5M	$4.9M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERPshort	+0.0046%	1h	235.97	+0.076%	—	$224K	5x
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.52	−0.115%	$175K	$502K	10x	as long as short
SoDEX NBIS-USD	+0.0083%	1h	235.69	−0.042%	$94	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.48	−0.131%	$486K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.67	−0.051%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.70	−0.036%	—	—	10x	as long as short
Bitget NBISUSDT	+0.0116%	8h	235.65	−0.059%	$2.5M	$4.6M	20x	as long as short
Nado NBIS-PERP	+0.0145%	1h	235.65	−0.060%	$31K	$66K	3x	as long as short
Polymarket Perps NBIS-USD	+0.0160%	1h	235.64	−0.064%	$142K	$462K	10x	as long as short
Variational Omni NBIS	+0.0256%	8h	235.67	−0.050%	$2.9M	$591K	—	as long as short
Aster NBISUSDT	+0.0262%	8h	235.85	+0.027%	$82K	$308K	50x	as long as short
BloFin NBIS-USDT	+0.0267%	8h	235.71	−0.034%	$207K	$211K	20x	as long as short
Binance NBISUSDT	+0.0286%	8h	235.70	−0.039%	$19.6M	$85.4M	25x	as long as short
Lighter NBIS	+0.0288%	1h	235.83	+0.017%	$920K	$4.5M	10x	as long as short
Extended NBIS-USD	+0.0288%	1h	235.64	−0.063%	$151K	$705K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0293%	1h	235.70	−0.038%	$55.2M	$23.6M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.62	−0.072%	$44K	$132K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0378%	8h	235.55	−0.100%	$5K	$131K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.90	+0.047%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0499%	4h	235.71	−0.033%	$38K	$226K	10x	as long as short
Entropy io:NBIS	+0.0866%	1h	235.64	−0.064%	$10.3M	$3.4M	10x	as long as short