Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.011%

Price spread now: KuCoin against Extended−0.077%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$219as in the Price arb table

costs, in and out, $10k−$2142.136% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.077%, 7d avg −0.025%

Together, before fees+0.035%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.052% cheaper against Extended than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.025%). If the spread goes back, that is −$5 on $10k: about 8.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.098% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	235.55	0.0080	pay 0.0010% / 1h	38m 47s	$147K	$702K	10x
Short	KuCoin NBISUSDTM	235.37	0.0100	get 0.0100% / 8h	4h 38m	$485K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.077%Rate

Funding earned: $4.2
Price spread: −0.077% → −0.025%: −$5.2
Slippage, 4 orders: −$196.61
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$214.61
Costs to cover: 2.136%
Break-even: 364.7 days

Slippage from Extended: live order book, 19 min ago; KuCoin: live order book, 44 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, 19 min ago	2.12 bp	11.7 bp −$12	135.7 bp −$1,357	doesn't fit	doesn't fit
Sell KuCoin live order book, 44 min ago	21.76 bp	68.5 bp −$68	doesn't fit	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
Nado NBIS-PERP	−0.0159%	1h	235.45	−0.043%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.64	+0.037%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.56	+0.004%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.60	+0.021%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.56	+0.004%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.75	+0.084%	$5K	$119K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.85	+0.127%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.58	+0.012%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.62	+0.029%	$1.6M	$958K	10x	as long as short
Variational Omni NBIS	+0.0033%	8h	235.81	+0.108%	$2.9M	$572K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0038%	1h	235.51	−0.018%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.46	−0.039%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.79	+0.101%	—	$216K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0047%	1h	235.54	−0.005%	$35K	$48K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.47	−0.035%	$54.9M	$19.8M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.49	−0.026%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.57	+0.008%	$9	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.63	+0.033%	$161K	$504K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.35	−0.086%	$389K	$724K	10x	as long as short
BloFin NBIS-USDT	+0.0071%	8h	235.71	+0.067%	$207K	$205K	20x	as long as short
Aster NBISUSDT	+0.0077%	8h	235.54	−0.004%	$79K	$310K	50x	as long as short
Extended NBIS-USDlong	+0.0080%	1h	235.55	long leg	$147K	$702K	10x
Binance NBISUSDT	+0.0082%	8h	235.61	+0.025%	$19.4M	$84.6M	25x	as long as short
Lighter NBIS	+0.0088%	1h	235.62	+0.029%	$899K	$4.0M	10x	as long as short
KuCoin NBISUSDTMshort	+0.0100%	8h	235.37	−0.077%	$485K	$21K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.64	+0.037%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.60	+0.023%	—	—	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.68	+0.054%	$7K	$150K	10x	as long as short
edgeX NBISUSDC	+0.0307%	4h	235.68	+0.054%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0416%	1h	235.56	+0.004%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.40	−0.065%	$24K	$15K	20x	as long as short