Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.055%

Price spread now: Kraken Futures against GRVT−0.034%76s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.034% cheaper against GRVT than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NBIS_USDT_Perp	234.83	0.0252	pay 0.0252% / 8h	17m 52s	$5K	$139K	10x
Short	Kraken Futures PF_NBISUSD	234.75	0.0248	get 0.0031% / 1h	17m 52s	$24K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$0.85
Price spread: −0.034% → 0.000%: −$3.43
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$23.29
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 59 min ago; Kraken Futures: no order-book sample. 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 GRVT live order book, 59 min ago	2.14 bp	11.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit NBISUSDT	0.0000%	8h	235.11	+0.119%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.03	+0.085%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.00	+0.072%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.01	+0.077%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.08	+0.106%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.93	+0.043%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.456%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	236.05	+0.520%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.07	+0.102%	$1.6M	$973K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.18	+0.149%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	235.03	+0.085%	$150K	$723K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.03	+0.085%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.93	+0.043%	$1.5M	$5.2M	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0079%	1h	234.89	+0.026%	$174K	$499K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.83	0.000%	$484K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.04	+0.089%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.06	+0.099%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0195%	1h	234.91	+0.032%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0221%	8h	234.86	+0.014%	$2.9M	$822K	—	as long as short
Aster NBISUSDT	+0.0235%	8h	235.27	+0.185%	$79K	$308K	50x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0248%	1h	234.75	−0.034%	$24K	$14K	20x
GRVT NBIS_USDT_Perplong	+0.0252%	8h	234.83	long leg	$5K	$139K	10x
Binance NBISUSDT	+0.0253%	8h	235.04	+0.089%	$19.4M	$86.5M	25x	as long as short
Extended NBIS-USD	+0.0256%	1h	235.01	+0.075%	$141K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0262%	8h	234.98	+0.064%	$206K	$214K	20x	as long as short
Arcus NBIS-USD	+0.0269%	1h	235.02	+0.081%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0306%	1h	235.10	+0.115%	$54.8M	$23.4M	10x	as long as short
edgeX NBISUSDC	+0.0366%	4h	234.75	−0.035%	$38K	$235K	10x	as long as short
Phoenix NBIS	+0.0376%	1h	235.01	+0.077%	$7K	$163K	10x	as long as short
Lighter NBIS	+0.0376%	1h	235.14	+0.132%	$934K	$4.6M	10x	as long as short
Entropy io:NBIS	+0.0488%	1h	234.93	+0.043%	$10.3M	$3.4M	10x	as long as short