NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.059%

Price spread now: Polymarket Perps against Coinbase International−0.081%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.431%−$43 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.081%, 7d avg −0.104%

Together, before fees−0.470%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.023% dearer against Coinbase International than usual: you sell high and buy low (spread −0.081% now, against its 7-day average of −0.104%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.431% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	234.20	0.0104	pay 0.0013% / 1h	27m 17s	$375K	$736K	10x
Short	Polymarket Perps NBIS-USD	234.01	0.0050	get 0.0006% / 1h	27m 17s	$147K	$456K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$11.34
Price spread: −0.081% → −0.104%: $2.28
Slippage, 4 orders: −$11.98
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$39.04
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 26 min ago; Polymarket Perps: live order book, 25 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, 26 min ago	2.99 bp	8.9 bp −$9	16.6 bp −$166	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 25 min ago	2.56 bp	6.6 bp −$7	7.3 bp −$73	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
Aster NBISUSDT	0.0000%	8h	234.28	+0.033%	$79K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.99	−0.091%	$147K	$699K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	234.05	−0.064%	$19.2M	$84.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.13	−0.030%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.91	−0.124%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.14	−0.026%	$2.7M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.07	−0.056%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	234.33	+0.055%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.17	−0.014%	$4K	$119K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.21	+0.004%	$998	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.99	−0.090%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.38	+0.077%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.05	−0.064%	$1.6M	$954K	10x	as long as short
BloFin NBIS-USDT	+0.0028%	8h	234.00	−0.085%	$206K	$206K	20x	as long as short
QFEX NBIS-USD	+0.0034%	1h	234.19	−0.004%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.00	−0.085%	$42K	$132K	5x	as long as short
Nado NBIS-PERP	+0.0040%	1h	234.09	−0.048%	$38K	$115K	3x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.33	+0.056%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0048%	1h	233.97	−0.097%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	233.93	−0.115%	$54.5M	$20.1M	10x	as long as short
Polymarket Perps NBIS-USDshort	+0.0050%	1h	234.01	−0.081%	$147K	$456K	10x
SoDEX NBIS-USD	+0.0050%	1h	233.99	−0.090%	$94	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.15	−0.021%	$160K	$502K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.02	−0.077%	$482K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.04	−0.068%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.99	−0.090%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0104%	1h	234.20	long leg	$375K	$736K	10x
Phoenix NBIS	+0.0239%	1h	234.06	−0.060%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0248%	1h	234.03	−0.073%	$927K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0371%	1h	234.13	−0.030%	$10.2M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0493%	4h	234.15	−0.021%	$38K	$225K	10x	as long as short