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Funding arb · Price arb /

NBIS

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0289%/8h= −31.7% APRnext payment −$2.89 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against GRVT+0.030%110s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as 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−$480.483% of the position
Long on GRVTShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 3 days (all we have)−0.149%−$15 · spread now +0.030%, 7d avg −0.003%
Together, before fees−0.114%+ Points / potential airdropGRVT: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.033% dearer against GRVT than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.003%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.036% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT NBIS_USDT_Perp235.760.0438pay 0.0438% / 8h7h 37m$5K$136K10x
ShortBybit NBISUSDT235.830.0149get 0.0149% / 8h7h 37m$5.1M$6.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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
−$60.73
Price spread: +0.030% → −0.003%
$3.32
Slippage, 4 orders
−$28.31
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$105.71
Costs to cover
0.483%
Break-even
never at this rate
Slippage from GRVT: live order book, 30 min ago; Bybit: live order book, 5 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 GRVT live order book, 30 min ago2.98 bp10.2 bp −$1024.0 bp −$240doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago2.33 bp12.6 bp −$1372.7 bp −$727doesn'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
Kraken Futures PF_NBISUSD−0.0179%1h235.26−0.211%$24K$15K20xas long as short
OKX NBIS-USDT-SWAP0.0000%8h235.73−0.013%$3.4M$16.8M25xas long as short
Gate NBIS_USDT0.0000%8h235.65−0.047%$2.8M$5.1M50xas long as short
SunX NBIS-USDT0.0000%8h235.62−0.059%$1K$1.7M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h235.21−0.233%$35K$48K10xas long as short
HTX NBIS-USDT0.0000%8h235.70−0.025%$15K$112K20xas long as short
Phemex NBISUSDT0.0000%8h235.42−0.144%$1.6M$973K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0016%1h236.05+0.123%$386K$739K10xas long as short
Bitget NBISUSDT+0.0030%8h235.65−0.047%$2.5M$4.7M20xas long as short
QFEX NBIS-USD+0.0038%1h235.34−0.178%$1.5M$5.0M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest NBIS-USD-PERP+0.0046%1h235.57−0.081%—$224K5xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h235.43−0.140%$174K$505K10xas long as short
KuCoin NBISUSDTM+0.0100%8h235.45−0.131%$485K$24K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h235.40−0.153%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h235.40−0.153%——10xas long as short
SoDEX NBIS-USD+0.0140%1h235.33−0.182%$28$20K10xas long as short
Bybit NBISUSDTshort+0.0149%8h235.83+0.030%$5.1M$6.5M50x
Nado NBIS-PERP+0.0186%1h235.31−0.191%$29K$63K3xas long as short
Variational Omni NBIS+0.0214%8h235.70−0.024%$2.9M$817K—as long as short
Aster NBISUSDT+0.0230%8h235.70−0.027%$81K$308K50xas long as short
edgeX NBISUSDC+0.0241%4h235.66−0.041%$38K$227K10xas long as short
Extended NBIS-USD+0.0248%1h235.66−0.043%$142K$948K10xas long as short
Binance NBISUSDT+0.0251%8h235.70−0.027%$19.5M$85.6M25xas long as short
BloFin NBIS-USDT+0.0252%8h235.41−0.148%$207K$212K20xas long as short
Lighter NBIS+0.0288%1h235.89+0.055%$928K$4.5M10xas long as short
Arcus NBIS-USD+0.0366%1h235.44−0.136%$44K$132K5xas long as short
Phoenix NBIS+0.0409%1h235.59−0.072%$7K$163K10xas long as short
GRVT NBIS_USDT_Perplong+0.0438%8h235.76long leg$5K$136K10x
Polymarket Perps NBIS-USD+0.0484%1h235.35−0.174%$135K$433K10xas long as short
tradeXYZ xyz:NBIS+0.0591%1h235.72−0.017%$55.1M$23.6M10xas long as short
Entropy io:NBIS+0.0892%1h235.53−0.098%$10.3M$3.4M10xas long as short