Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0484%/8h= +53.0% APRnext payment +$0.61 per $10,000 · paid last 24h −0.004%
Price spread now: Kraken Futures against Coinbase International+0.347%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.347% dearer against Coinbase International than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International NBIS-PERP-INTX230.390.0056pay 0.0007% / 1h36m 02s$353K$814K10x
ShortKraken Futures PF_NBISUSD231.190.0540get 0.0068% / 1h36m 02s$23K$15K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$101.66
Price spread: +0.347% → 0.000%
$34.72
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$116.38
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Coinbase International: live order book, 2 min ago; Kraken Futures: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 2 min ago6.27 bp12.2 bp −$1220.6 bp −$206doesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
Kraken Futures: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NBISUSDT−0.0450%8h231.37+0.425%$2.3M$4.6M20xas long as short
Aster NBISUSDT0.0000%8h231.19+0.346%$84K$311K50xas long as short
Extended NBIS-USD0.0000%1h231.28+0.385%$148K$876K10xas long as short
Binance NBISUSDT0.0000%8h231.29+0.391%$18.6M$87.8M25xas long as short
Bybit NBISUSDT0.0000%8h231.25+0.373%$4.9M$6.8M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h231.30+0.395%$3.3M$16.2M25xas long as short
Gate NBIS_USDT0.0000%8h231.28+0.386%$2.7M$5.2M50xas long as short
Variational Omni NBIS0.0000%8h231.45+0.460%$2.8M$594Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h231.29+0.390%$4K$116K10xas long as short
SunX NBIS-USDT0.0000%8h231.36+0.421%$993$1.6M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX NBIS-USDT0.0000%8h231.29+0.391%$15K$57K20xas long as short
Phemex NBISUSDT0.0000%8h231.25+0.373%$1.6M$969K10xas long as short
BloFin NBIS-USDT+0.0008%8h231.36+0.421%$203K$209K20xas long as short
Arcus NBIS-USD+0.0040%1h231.13+0.321%$42K$131K5xas long as short
QFEX NBIS-USD+0.0041%1h231.30+0.395%$1.5M$3.8M10xas long as short
Vest NBIS-USD-PERP+0.0046%1h231.11+0.313%$222K5xas long as short
Polymarket Perps NBIS-USD+0.0050%1h231.20+0.352%$137K$473K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h231.06+0.291%$150K$543K10xas long as short
Coinbase International NBIS-PERP-INTXlong+0.0056%1h230.39long leg$353K$814K10x
SoDEX NBIS-USD+0.0097%1h231.27+0.382%$97$20K10xas long as short
KuCoin NBISUSDTM+0.0100%8h231.10+0.308%$476K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h231.33+0.408%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h231.30+0.397%10xas long as short
tradeXYZ xyz:NBIS+0.0141%1h231.14+0.326%$54.3M$21.1M10xas long as short
Nado NBIS-PERP+0.0168%1h231.07+0.294%$38K$116K3xas long as short
Phoenix NBIS+0.0312%1h231.13+0.321%$7K$125K10xas long as short
Lighter NBIS+0.0368%1h231.18+0.343%$931K$4.0M10xas long as short
Entropy io:NBIS+0.0428%1h231.15+0.330%$10.1M$3.1M10xas long as short
edgeX NBISUSDC+0.0453%4h231.23+0.366%$37K$226K10xas long as short
Kraken Futures PF_NBISUSDshort+0.0540%1h231.19+0.347%$23K$15K20x
Deribit NBIS_USDC-PERPETUAL+0.0789%1h231.26+0.378%$34K$49K10xas long as short