Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%

Price spread now: SunX against Deribit+0.004%7-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 SunX

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NBIS_USDC-PERPETUAL	234.07	0	get 0.0000% / 1h	54m 25s	$35K	$48K	10x
Short	SunX NBIS-USDT	234.08	0	get 0.0000% / 8h	5h 54m	$904	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → 0.000%: $0.43
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.57
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; SunX: live order book, 11 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 SunX live order book, 11 min ago	45.09 bp	64.1 bp −$64	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 30 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
Bybit NBISUSDT	0.0000%	8h	234.16	+0.038%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.09	+0.009%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.19	+0.051%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.12	+0.021%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.04	−0.013%	$5K	$127K	10x	as long as short
SunX NBIS-USDTshort	0.0000%	8h	234.08	+0.004%	$904	$1.7M	10x
Deribit NBIS_USDC-PERPETUALlong	0.0000%	1h	234.07	long leg	$35K	$48K	10x
HTX NBIS-USDT	0.0000%	8h	234.07	0.000%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.22	+0.064%	$1.6M	$969K	10x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.16	+0.038%	$1.5M	$4.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	233.94	−0.056%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.29	+0.094%	—	$215K	5x	as long as short
Nado NBIS-PERP	+0.0047%	1h	234.06	−0.005%	$67K	$95K	3x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.06	−0.004%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.07	0.000%	$5	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.10	+0.013%	$163K	$496K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.05	−0.009%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.13	+0.026%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.11	+0.017%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.231%	$382K	$712K	10x	as long as short
Variational Omni NBIS	+0.0132%	8h	234.03	−0.019%	$2.8M	$570K	—	as long as short
tradeXYZ xyz:NBIS	+0.0135%	1h	234.06	−0.004%	$54.6M	$19.7M	10x	as long as short
Aster NBISUSDT	+0.0149%	8h	234.32	+0.108%	$81K	$307K	50x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.15	+0.035%	$23K	$15K	20x	as long as short
Extended NBIS-USD	+0.0160%	1h	234.08	+0.006%	$147K	$698K	10x	as long as short
Binance NBISUSDT	+0.0160%	8h	234.14	+0.030%	$19.1M	$84.7M	25x	as long as short
edgeX NBISUSDC	+0.0187%	4h	234.02	−0.023%	$38K	$226K	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.19	+0.051%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0352%	1h	234.20	+0.056%	$904K	$4.3M	10x	as long as short
Entropy io:NBIS	+0.0490%	1h	234.04	−0.013%	$10.2M	$3.3M	10x	as long as short