Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h −0.061%

Price spread now: KuCoin against Coinbase International+0.666%7-day average −0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$1451.447% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.326%−$33 on $10k

Price spread, last 3 days (all we have)−0.856%−$86 · spread now +0.666%, 7d avg −0.153%

Together, before fees−1.182%−$118 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.819% dearer against Coinbase International than usual: you sell high and buy low: +$82 more if the spread goes back to its 7-day average of −0.153%. Mind the row above: over the last 7 days funding on this pair cost −0.326%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	234.10	0.0016	pay 0.0002% / 1h	52m 07s	$359K	$678K	10x
Short	KuCoin NBISUSDTM	235.66	0.0100	get 0.0100% / 8h	7h 52m	$486K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.666%Rate

Funding earned: $17.64
Price spread: +0.666% → −0.153%: $81.91
Slippage, 4 orders: −$122.7
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$45.15
Costs to cover: 1.447%
Break-even: 24.9 days

Slippage from Coinbase International: live order book, 21 min ago; KuCoin: live order book, 70 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, 21 min ago	3.20 bp	9.4 bp −$9	20.7 bp −$207	doesn't fit	doesn't fit
Sell KuCoin live order book, 70 min ago	19.25 bp	60.7 bp −$61	doesn't fit	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
Kraken Futures PF_NBISUSD	−0.0178%	1h	235.53	+0.610%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.95	+0.790%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.78	+0.718%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.89	+0.765%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.93	+0.782%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.69	+0.679%	$15K	$113K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.92	+0.777%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0016%	1h	234.10	long leg	$359K	$678K	10x
QFEX NBIS-USD	+0.0038%	1h	235.77	+0.713%	$1.5M	$5.1M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.94	+0.786%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.58	+0.632%	$174K	$507K	10x	as long as short
KuCoin NBISUSDTMshort	+0.0100%	8h	235.66	+0.666%	$486K	$25K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.88	+0.760%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.59	+0.210%	—	—	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0132%	1h	235.81	+0.730%	$35K	$48K	10x	as long as short
Nado NBIS-PERP	+0.0176%	1h	235.50	+0.598%	$29K	$63K	3x	as long as short
Variational Omni NBIS	+0.0195%	8h	235.77	+0.713%	$2.9M	$817K	—	as long as short
Bybit NBISUSDT	+0.0197%	8h	236.00	+0.812%	$5.2M	$6.5M	50x	as long as short
Aster NBISUSDT	+0.0214%	8h	235.78	+0.719%	$81K	$308K	50x	as long as short
Extended NBIS-USD	+0.0232%	1h	235.85	+0.748%	$138K	$713K	10x	as long as short
Binance NBISUSDT	+0.0233%	8h	236.03	+0.826%	$19.5M	$86.1M	25x	as long as short
BloFin NBIS-USDT	+0.0237%	8h	235.61	+0.645%	$205K	$213K	20x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.33	+0.525%	$44K	$134K	5x	as long as short
Lighter NBIS	+0.0408%	1h	235.94	+0.786%	$929K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.65	+0.662%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0438%	4h	235.44	+0.572%	$38K	$228K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0566%	8h	235.49	+0.594%	$5K	$137K	10x	as long as short
SoDEX NBIS-USD	+0.0681%	1h	235.82	+0.735%	$5	$20K	10x	as long as short
Entropy io:NBIS	+0.0773%	1h	235.36	+0.538%	$10.3M	$3.4M	10x	as long as short
Polymarket Perps NBIS-USD	+0.1344%	1h	235.88	+0.760%	$140K	$434K	10x	as long as short
tradeXYZ xyz:NBIS	+0.1404%	1h	235.84	+0.743%	$54.9M	$23.4M	10x	as long as short