Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: Variational Omni against Extended−0.248%7-day average +0.081% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+1.151%+$115 · spread now −0.248%, 7d avg +0.081%

Together, before fees+1.201%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$120 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: Variational Omni is 0.329% cheaper against Extended than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	231.86	0	get 0.0000% / 1h	13m 21s	$146K	$753K	10x
Short	Variational Omni NBIS	231.28	0	get 0.0000% / 8h	2h 13m	$2.9M	$555K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.248%Rate

Funding earned: $0
Price spread: −0.248% → +0.081%: −$32.95
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$37.95
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 35 min ago; Variational Omni: RFQ quote, 1 min ago. 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 Extended live order book, 35 min ago	1.94 bp	11.8 bp −$12	141.4 bp −$1,414	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.78 bp	doesn't fit	41.5 bp −$415	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	−0.0518%	8h	231.93	+0.031%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0027%	8h	231.41	−0.193%	$204K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.63	−0.099%	$84K	$311K	50x	as long as short
Extended NBIS-USDlong	0.0000%	1h	231.86	long leg	$146K	$753K	10x
Binance NBISUSDT	0.0000%	8h	231.91	+0.023%	$18.6M	$86.9M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.85	−0.003%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.93	+0.031%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.98	+0.053%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBISshort	0.0000%	8h	231.28	−0.248%	$2.9M	$555K	—
GRVT NBIS_USDT_Perp	0.0000%	8h	231.39	−0.202%	$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	231.31	−0.236%	$999	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.14	−0.309%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.96	+0.044%	$1.6M	$955K	10x	as long as short
QFEX NBIS-USD	+0.0029%	1h	231.91	+0.023%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0036%	1h	231.76	−0.041%	$38K	$115K	3x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.41	−0.193%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.77	−0.038%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.88	+0.010%	$138K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.65	−0.089%	$107	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.56	−0.128%	$150K	$542K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.62	−0.102%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.82	−0.016%	$2K	$3K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0104%	1h	231.88	+0.010%	$54.5M	$21.1M	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.66	−0.086%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	230.62	−0.534%	$353K	$792K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	231.68	−0.078%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	231.41	−0.193%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0256%	1h	231.94	+0.036%	$938K	$4.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0268%	1h	231.77	−0.038%	$34K	$49K	10x	as long as short
Entropy io:NBIS	+0.0354%	1h	231.50	−0.154%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0406%	4h	231.38	−0.205%	$37K	$227K	10x	as long as short