Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.058%
Price spread now: Coinbase International against Extended+0.033%7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$400.395% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.419%+$42 on $10k
Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.033%, 7d avg +0.131%
Together, before fees+0.490%+ Points / potential airdropExtended: Active · farm board+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.097% cheaper against Extended than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.131%). If the spread goes back, that is −$10 on $10k: about 3.1 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended NBIS-USD234.120get 0.0000% / 1h27m 27s$147K$699K10x
ShortCoinbase International NBIS-PERP-INTX234.200.0104get 0.0013% / 1h27m 27s$375K$736K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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

Funding earned
$21.84
Price spread: +0.033% → +0.131%
−$9.73
Slippage, 4 orders
−$24.53
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$27.42
Costs to cover
0.395%
Break-even
15.8 days
Slippage from Extended: live order book, 25 min ago; Coinbase International: live order book, 26 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 25 min ago1.49 bp11.5 bp −$11173.5 bp −$1,735doesn't fitdoesn't fit
Sell Coinbase International live order book, 26 min ago2.99 bp8.0 bp −$816.8 bp −$168doesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NBIS-USDT−0.0014%8h234.12−0.001%$206K$206K20xas long as short
Aster NBISUSDT0.0000%8h234.29+0.070%$79K$310K50xas long as short
Extended NBIS-USDlong0.0000%1h234.12long leg$147K$699K10x
Binance NBISUSDT0.0000%8h234.06−0.027%$19.2M$84.8M25xas long as short
Bybit NBISUSDT0.0000%8h234.15+0.012%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h233.97−0.065%$3.4M$16.2M25xas long as short
Gate NBIS_USDT0.0000%8h234.14+0.008%$2.7M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h234.15+0.012%$2.4M$4.4M20xas long as short
Variational Omni NBIS0.0000%8h234.33+0.088%$2.9M$555Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.17+0.019%$4K$119K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX NBIS-USDT0.0000%8h234.25+0.055%$998$1.6M10xas long as short
HTX NBIS-USDT0.0000%8h234.38+0.110%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h234.29+0.072%$1.6M$954K10xas long as short
QFEX NBIS-USD+0.0034%1h234.19+0.029%$1.5M$4.0M10xas long as short
Arcus NBIS-USD+0.0040%1h234.00−0.052%$42K$132K5xas long as short
Nado NBIS-PERP+0.0040%1h234.09−0.015%$38K$115K3xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.33+0.089%$216K5xas long as short
Kraken Futures PF_NBISUSD+0.0048%1h234.24+0.051%$23K$15K20xas long as short
tradeXYZ xyz:NBIS+0.0050%1h233.93−0.082%$54.5M$20.1M10xas long as short
Polymarket Perps NBIS-USD+0.0050%1h234.01−0.048%$147K$456K10xas long as short
SoDEX NBIS-USD+0.0050%1h234.26+0.059%$84$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h234.15+0.012%$160K$502K10xas long as short
KuCoin NBISUSDTM+0.0100%8h234.11−0.005%$482K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h234.04−0.035%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.99−0.057%10xas long as short
Coinbase International NBIS-PERP-INTXshort+0.0104%1h234.20+0.033%$375K$736K10x
Phoenix NBIS+0.0239%1h234.06−0.027%$7K$150K10xas long as short
Lighter NBIS+0.0256%1h234.19+0.029%$928K$3.9M10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0306%1h234.12−0.001%$35K$49K10xas long as short
Entropy io:NBIS+0.0371%1h234.13+0.003%$10.2M$3.2M10xas long as short
edgeX NBISUSDC+0.0493%4h234.15+0.012%$38K$225K10xas long as short