Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.043%

Price spread now: Orderly against Coinbase International+0.182%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. Orderly is 0.182% dearer against Coinbase International than usual: you sell high and buy low (spread +0.182% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	230.38	0.0120	pay 0.0015% / 1h	3m 05s	$352K	$814K	10x
Short	Orderly PERP_NBIS_USDC_mythos	230.80	0.0100	get 0.0100% / 8h	1h 03m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.182%Rate

Funding earned: −$4.2
Price spread: +0.182% → 0.000%: $18.23
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$1.97
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 40 min ago; Orderly: 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, 40 min ago	3.26 bp	11.5 bp −$11	21.7 bp −$217	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Bitget NBISUSDT	−0.0546%	8h	230.94	+0.243%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0006%	8h	230.90	+0.226%	$204K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.73	+0.151%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.73	+0.154%	$149K	$631K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.80	+0.182%	$18.5M	$87.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.85	+0.204%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.76	+0.165%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.88	+0.217%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.09	+0.308%	$2.8M	$595K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.01	+0.275%	$5K	$116K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	230.92	+0.234%	$889	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.97	+0.256%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.92	+0.234%	$1.6M	$966K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.87	+0.213%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.75	+0.161%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.80	+0.182%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.81	+0.187%	$134	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.77	+0.169%	$151K	$542K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.85	+0.204%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERP	+0.0079%	1h	230.75	+0.160%	$38K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.76	+0.165%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythosshort	+0.0100%	8h	230.80	+0.182%	$2K	$3K	10x
Aevo NBIS-PERP	+0.0104%	1h	230.77	+0.169%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0120%	1h	230.38	long leg	$352K	$814K	10x
tradeXYZ xyz:NBIS	+0.0125%	1h	230.86	+0.208%	$54.2M	$21.1M	10x	as long as short
Lighter NBIS	+0.0224%	1h	230.92	+0.234%	$936K	$4.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0227%	1h	230.79	+0.178%	$34K	$49K	10x	as long as short
Phoenix NBIS	+0.0311%	1h	231.15	+0.334%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0359%	1h	230.85	+0.204%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0530%	4h	230.99	+0.265%	$37K	$227K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	230.74	+0.155%	$23K	$15K	20x	as long as short