Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.050%

Price spread now: Coinbase International against GRVT−0.260%7-day average +0.085% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.372%+$37 on $10k

Price spread, last 4 days (all we have)+0.340%+$34 · spread now −0.260%, 7d avg +0.085%

Together, before fees+0.712%+ Points / potential airdropGRVT: Active · farm board+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.344% cheaper against GRVT than usual: you would sell low and buy high (spread −0.260% now, against its 7-day average of +0.085%). If the spread goes back, that is −$34 on $10k: about 9.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NBIS_USDT_Perp	230.98	0	get 0.0000% / 8h	1h 04m	$5K	$116K	10x
Short	Coinbase International NBIS-PERP-INTX	230.38	0.0120	get 0.0015% / 1h	4m 48s	$352K	$814K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee GRVTbpFee Coinbase InternationalbpOrdersPrice spread, now −0.260%Rate

Funding earned: $25.2
Price spread: −0.260% → +0.085%: −$34.44
Slippage, 4 orders: −$24.81
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$53.04
Costs to cover: 0.438%
Break-even: 21.7 days

Slippage from GRVT: live order book, 32 min ago; Coinbase International: live order book, 39 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 GRVT live order book, 32 min ago	1.95 bp	11.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 39 min ago	3.26 bp	9.2 bp −$9	16.7 bp −$167	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	−0.0551%	8h	231.01	+0.013%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0004%	8h	231.04	+0.026%	$204K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.82	−0.070%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.92	−0.027%	$149K	$631K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.92	−0.028%	$18.5M	$87.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.94	−0.017%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.85	−0.056%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.03	+0.022%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.09	+0.047%	$2.8M	$595K	—	as long as short
GRVT NBIS_USDT_Perplong	0.0000%	8h	230.98	long leg	$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	+0.061%	$890	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.89	−0.039%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.97	−0.004%	$1.6M	$965K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.93	−0.022%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.93	−0.022%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.92	−0.026%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.91	−0.030%	$134	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.82	−0.069%	$151K	$543K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	231.08	+0.043%	$1.5M	$3.8M	10x	as long as short
edgeX NBISUSDC	+0.0072%	4h	230.95	−0.015%	$37K	$226K	10x	as long as short
Nado NBIS-PERP	+0.0079%	1h	230.98	0.000%	$38K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.84	−0.061%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.95	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.93	−0.022%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0120%	1h	230.38	−0.260%	$352K	$814K	10x
tradeXYZ xyz:NBIS	+0.0121%	1h	230.88	−0.043%	$54.2M	$21.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0183%	1h	230.99	+0.004%	$34K	$49K	10x	as long as short
Lighter NBIS	+0.0224%	1h	230.93	−0.022%	$937K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	231.15	+0.074%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0359%	1h	230.89	−0.039%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	230.92	−0.024%	$23K	$15K	20x	as long as short