Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.077%

Price spread now: HTX against Coinbase International+0.178%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.484%−$48 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.178% dearer against Coinbase International than usual: you sell high and buy low (spread +0.178% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.484% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	235.35	0.0056	pay 0.0007% / 1h	39m 55s	$389K	$724K	10x
Short	HTX NBIS-USDT	235.77	0	get 0.0000% / 8h	4h 39m	$15K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.178%Rate

Funding earned: −$11.76
Price spread: +0.178% → 0.000%: $17.85
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.91
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 18 min ago; HTX: 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 Coinbase International live order book, 18 min ago	6.79 bp	15.2 bp −$15	18.4 bp −$184	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
Nado NBIS-PERP	−0.0169%	1h	235.65	+0.128%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.61	+0.110%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.55	+0.085%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.58	+0.098%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.56	+0.089%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.51	+0.067%	$5K	$119K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.85	+0.212%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.66	+0.132%	$35K	$48K	10x	as long as short
HTX NBIS-USDTshort	0.0000%	8h	235.77	+0.178%	$15K	$60K	20x
Phemex NBISUSDT	0.0000%	8h	235.58	+0.098%	$1.6M	$958K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NBIS	+0.0033%	8h	235.81	+0.194%	$2.9M	$572K	—	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.68	+0.140%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.50	+0.064%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.97	+0.263%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.40	+0.021%	$54.9M	$19.9M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.67	+0.136%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.60	+0.106%	$5	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.74	+0.166%	$161K	$504K	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0056%	1h	235.35	long leg	$389K	$724K	10x
Lighter NBIS	+0.0072%	1h	235.55	+0.085%	$899K	$4.0M	10x	as long as short
Extended NBIS-USD	+0.0080%	1h	235.50	+0.064%	$147K	$702K	10x	as long as short
Aster NBISUSDT	+0.0081%	8h	235.51	+0.067%	$79K	$310K	50x	as long as short
Binance NBISUSDT	+0.0084%	8h	235.59	+0.101%	$19.4M	$84.6M	25x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.37	+0.008%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.70	+0.149%	$2K	$3K	10x	as long as short
BloFin NBIS-USDT	+0.0100%	8h	235.83	+0.204%	$207K	$205K	20x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.69	+0.146%	—	—	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.68	+0.140%	$7K	$150K	10x	as long as short
edgeX NBISUSDC	+0.0307%	4h	235.68	+0.140%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0422%	1h	235.61	+0.110%	$10.2M	$3.3M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0476%	1h	235.51	+0.067%	$24K	$15K	20x	as long as short