Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: GRVT against Extended−0.041%72s7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.466% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.041%, 7d avg +0.046%

Together, before fees+0.210%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.087% cheaper against Extended than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.046%. The two prices were read 72 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	Extended NBIS-USD	231.08	0	get 0.0000% / 1h	6m 09s	$149K	$631K	10x
Short	GRVT NBIS_USDT_Perp	230.98	0	get 0.0000% / 8h	1h 06m	$5K	$116K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee ExtendedbpFee GRVTbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.046%: −$8.73
Slippage, 4 orders: −$32.65
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$55.38
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from Extended: live order book, 37 min ago; GRVT: live order book, 30 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 Extended live order book, 37 min ago	1.74 bp	11.8 bp −$12	95.6 bp −$956	doesn't fit	doesn't fit
Sell GRVT live order book, 30 min ago	1.95 bp	11.6 bp −$12	28.9 bp −$289	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
Bitget NBISUSDT	−0.0556%	8h	231.21	+0.058%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0015%	8h	231.18	+0.045%	$203K	$206K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.01	−0.029%	$84K	$311K	50x	as long as short
Extended NBIS-USDlong	0.0000%	1h	231.08	long leg	$149K	$631K	10x
Binance NBISUSDT	0.0000%	8h	231.23	+0.068%	$18.5M	$87.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.24	+0.071%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.14	+0.028%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.23	+0.067%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.96	−0.051%	$2.8M	$599K	—	as long as short
GRVT NBIS_USDT_Perpshort	0.0000%	8h	230.98	−0.041%	$5K	$116K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	231.12	+0.019%	$890	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.89	−0.080%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.25	+0.076%	$1.6M	$965K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.90	−0.076%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.94	−0.059%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.07	−0.002%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.16	+0.037%	$139	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.82	−0.110%	$151K	$543K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	231.15	+0.032%	$1.5M	$3.8M	10x	as long as short
edgeX NBISUSDC	+0.0072%	4h	230.95	−0.056%	$37K	$226K	10x	as long as short
Nado NBIS-PERP	+0.0078%	1h	230.80	−0.120%	$38K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.00	−0.033%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.14	+0.028%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.17	+0.041%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.38	−0.301%	$352K	$814K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0120%	1h	231.16	+0.037%	$54.3M	$21.0M	10x	as long as short
Lighter NBIS	+0.0224%	1h	231.20	+0.054%	$940K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.90	−0.076%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	230.90	−0.076%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	231.02	−0.025%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0746%	1h	231.14	+0.028%	$34K	$49K	10x	as long as short