Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: OKX against Extended−0.022%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.022%, 7d avg +0.032%

Together, before fees+0.113%+ Points / potential airdropExtended: Active · farm board+$11 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: OKX is 0.054% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	231.29	0	get 0.0000% / 1h	17m 15s	$144K	$879K	10x
Short	OKX NBIS-USDT-SWAP	231.24	0	get 0.0000% / 8h	17m 15s	$3.3M	$16.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.032%: −$5.37
Slippage, 4 orders: −$28.09
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$48.45
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Extended: live order book, 21 min ago; OKX: live order book, 1 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, 21 min ago	2.16 bp	12.0 bp −$12	173.2 bp −$1,732	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.43 bp	9.5 bp −$9	35.9 bp −$359	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	−0.0395%	8h	231.36	+0.030%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.23	−0.026%	$84K	$311K	50x	as long as short
Extended NBIS-USDlong	0.0000%	1h	231.29	long leg	$144K	$879K	10x
Binance NBISUSDT	0.0000%	8h	231.35	+0.026%	$18.8M	$87.9M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.32	+0.013%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	231.24	−0.022%	$3.3M	$16.0M	25x
Gate NBIS_USDT	0.0000%	8h	231.30	+0.004%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.98	−0.132%	$2.8M	$589K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.20	−0.039%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.24	−0.022%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.32	+0.013%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.35	+0.026%	$1.6M	$970K	10x	as long as short
BloFin NBIS-USDT	+0.0005%	8h	231.36	+0.030%	$204K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.95	−0.147%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.38	+0.039%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.12	−0.073%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.17	−0.052%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.22	−0.030%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.389%	$353K	$805K	10x	as long as short
SoDEX NBIS-USD	+0.0056%	1h	231.28	−0.004%	$88	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.98	−0.134%	$476K	$24K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.25	−0.017%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.20	−0.039%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0109%	1h	231.09	−0.086%	$54.1M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0181%	1h	230.99	−0.130%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0288%	1h	231.17	−0.052%	$945K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.02	−0.117%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0415%	1h	230.97	−0.138%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.22	−0.030%	$23K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0956%	4h	231.18	−0.046%	$37K	$227K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.1136%	1h	231.27	−0.009%	$34K	$49K	10x	as long as short