Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h −0.052%

Price spread now: BloFin against Coinbase International+0.754%58s7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.495% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.385%−$38 on $10k

Price spread, last 4 days (all we have)−1.129%−$113 · spread now +0.754%, 7d avg −0.079%

Together, before fees−1.514%−$151 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: BloFin is 0.833% dearer against Coinbase International than usual: you sell high and buy low, +$83 on $10k if it goes back to its 7-day average of −0.079%. The two prices were read 58 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	Coinbase International NBIS-PERP-INTX	233.53	0.0104	pay 0.0013% / 1h	8m 08s	$382K	$712K	10x
Short	BloFin NBIS-USDT	235.29	0.0110	get 0.0110% / 8h	5h 08m	$206K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now +0.754%Rate

Funding earned: $1.27
Price spread: +0.754% → −0.079%: $83.27
Slippage, 4 orders: −$27.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $35
Costs to cover: 0.495%
Break-even: from the start

Slippage from Coinbase International: live order book, 55 min ago; BloFin: live order book, 30 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 Coinbase International live order book, 55 min ago	9.19 bp	14.2 bp −$14	19.4 bp −$194	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	2.13 bp	11.0 bp −$11	20.8 bp −$208	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
Bybit NBISUSDT	0.0000%	8h	235.54	+0.861%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.45	+0.822%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.44	+0.818%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.41	+0.805%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.25	+0.737%	$4K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.40	+0.801%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.26	+0.741%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.29	+0.754%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.33	+0.771%	$1.6M	$960K	10x	as long as short
Nado NBIS-PERP	+0.0001%	1h	235.27	+0.746%	$64K	$99K	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0023%	1h	235.34	+0.775%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.06	+0.655%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.60	+0.886%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.30	+0.758%	$150K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.32	+0.766%	$71	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.00	+0.629%	$164K	$499K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0075%	1h	235.33	+0.771%	$55.2M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0085%	8h	235.11	+0.676%	$2.9M	$566K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.18	+0.707%	$484K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.36	+0.784%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.35	+0.780%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0104%	1h	233.53	long leg	$382K	$712K	10x
BloFin NBIS-USDTshort	+0.0110%	8h	235.29	+0.754%	$206K	$205K	20x
Aster NBISUSDT	+0.0119%	8h	235.35	+0.778%	$81K	$307K	50x	as long as short
Extended NBIS-USD	+0.0120%	1h	235.35	+0.778%	$147K	$706K	10x	as long as short
Binance NBISUSDT	+0.0124%	8h	235.49	+0.839%	$19.2M	$84.5M	25x	as long as short
Kraken Futures PF_NBISUSD	+0.0151%	1h	235.15	+0.696%	$24K	$15K	20x	as long as short
Lighter NBIS	+0.0280%	1h	235.44	+0.818%	$901K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	235.19	+0.711%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0529%	1h	235.23	+0.728%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0976%	4h	235.20	+0.714%	$38K	$226K	10x	as long as short