Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0395%/8h= −43.2% APRpaid last 24h −0.136%

Price spread now: HTX against Entropy+0.086%7-day average — · you sell dearer than you buy

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

Long on Entropy Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.611%−$61 on $10k

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. HTX is 0.086% dearer against Entropy than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:NBIS	232.03	0.0395	pay 0.0049% / 1h	6m 30s	$10.1M	$3.2M	10x
Short	HTX NBIS-USDT	232.23	0	get 0.0000% / 8h	2h 06m	$15K	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Entropy. 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 EntropybpFee HTXbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$82.85
Price spread: +0.086% → 0.000%: $8.62
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$104.23
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 10 min ago; HTX: 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 Entropy live order book, 10 min ago	1.29 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	−0.0429%	8h	232.32	+0.125%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0009%	8h	232.38	+0.151%	$203K	$206K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	232.09	+0.025%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.27	+0.103%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.33	+0.127%	$18.6M	$87.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.31	+0.121%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.32	+0.125%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.31	+0.121%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.26	+0.101%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.32	+0.125%	$5K	$117K	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	232.23	+0.086%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDTshort	0.0000%	8h	232.23	+0.086%	$15K	$61K	20x
Phemex NBISUSDT	0.0000%	8h	232.32	+0.125%	$1.6M	$957K	10x	as long as short
QFEX NBIS-USD	+0.0029%	1h	232.24	+0.091%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.07	+0.017%	$42K	$132K	5x	as long as short
edgeX NBISUSDC	+0.0045%	4h	232.19	+0.069%	$37K	$226K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.26	+0.099%	—	$220K	5x	as long as short
Nado NBIS-PERP	+0.0046%	1h	232.02	−0.006%	$38K	$115K	3x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.24	+0.091%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.29	+0.112%	$151K	$548K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.06	+0.013%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.24	+0.091%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.20	+0.073%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0113%	1h	232.22	+0.082%	$54.6M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0158%	1h	232.30	+0.116%	$79	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	231.92	−0.047%	$351K	$815K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	232.31	+0.120%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.31	+0.121%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0264%	1h	232.24	+0.091%	$939K	$4.0M	10x	as long as short
Entropy io:NBISlong	+0.0395%	1h	232.03	long leg	$10.1M	$3.2M	10x
Deribit NBIS_USDC-PERPETUAL	+0.0957%	1h	232.25	+0.095%	$34K	$49K	10x	as long as short