Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0343%/8h= +37.5% APRpaid last 24h −0.005%

Price spread now: GRVT against Deribit+0.039%75s7-day average — · you sell dearer than you buy

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

Long on Deribit Short on GRVT

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and GRVT is 0.039% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NBIS_USDC-PERPETUAL	230.68	0.0010	pay 0.0001% / 1h	18m 17s	$34K	$50K	10x
Short	GRVT NBIS_USDT_Perp	230.77	0.0353	get 0.0353% / 8h	6h 18m	$5K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Deribit. 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 DeribitbpFee GRVTbpOrdersPrice spread, now +0.039%Rate

Funding earned: $71.99
Price spread: +0.039% → 0.000%: $3.9
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $59.9
Costs to cover: 0.160%
Break-even: 1.2 days

Slippage unknown: Deribit: no order-book sample; GRVT: live order book, 31 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell GRVT live order book, 31 min ago	1.73 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit

Deribit: 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 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	230.87	+0.082%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.84	+0.069%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	230.88	+0.087%	$2.3M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.86	+0.078%	$1K	$1.5M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.79	+0.048%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.96	+0.121%	$1.6M	$970K	10x	as long as short
Variational Omni NBIS	+0.0010%	8h	230.73	+0.023%	$2.8M	$642K	—	as long as short
Deribit NBIS_USDC-PERPETUALlong	+0.0010%	1h	230.68	long leg	$34K	$50K	10x
Bybit NBISUSDT	+0.0023%	8h	230.88	+0.087%	$4.9M	$6.8M	50x	as long as short
Aster NBISUSDT	+0.0027%	8h	230.90	+0.096%	$74K	$315K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	230.85	+0.074%	—	$250K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.72	+0.017%	$137K	$472K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.79	+0.048%	$65	$19K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.68	0.000%	$151K	$538K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	230.76	+0.035%	$1.5M	$3.7M	10x	as long as short
Extended NBIS-USD	+0.0056%	1h	230.76	+0.035%	$145K	$854K	10x	as long as short
Binance NBISUSDT	+0.0059%	8h	230.87	+0.083%	$19.6M	$91.5M	25x	as long as short
BloFin NBIS-USDT	+0.0079%	8h	230.88	+0.087%	$205K	$219K	20x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.69	+0.004%	$380K	$873K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.69	+0.004%	$469K	$145K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.85	+0.074%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.78	+0.044%	—	—	10x	as long as short
edgeX NBISUSDC	+0.0109%	4h	230.76	+0.034%	$37K	$227K	10x	as long as short
Nado NBIS-PERP	+0.0132%	1h	230.67	−0.005%	$38K	$116K	3x	as long as short
Arcus NBIS-USD	+0.0257%	1h	230.73	+0.022%	$42K	$122K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0298%	1h	230.73	+0.022%	$54.2M	$20.4M	10x	as long as short
Phoenix NBIS	+0.0347%	1h	230.98	+0.130%	$7K	$127K	10x	as long as short
GRVT NBIS_USDT_Perpshort	+0.0353%	8h	230.77	+0.039%	$5K	$104K	10x
Lighter NBIS	+0.0392%	1h	231.01	+0.143%	$935K	$4.1M	10x	as long as short
Entropy io:NBIS	+0.0655%	1h	230.72	+0.017%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0770%	1h	230.68	+0.001%	$22K	$11K	20x	as long as short