Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.045%

Price spread now: Nado against GRVT−0.213%7-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 Nado

What this pair did over the last

the charts below follow

Funding, last 3 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 · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.213% cheaper against GRVT than usual: you would sell low and buy high (spread −0.213% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 6.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NBIS_USDT_Perp	233.77	0.0062	pay 0.0062% / 8h	6h 41m	$5K	$130K	10x
Short	Nado NBIS-PERP	233.27	0.0170	get 0.0021% / 1h	41m 26s	$69K	$93K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.213%Rate

Funding earned: $22.61
Price spread: −0.213% → 0.000%: −$21.3
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$14.69
Costs to cover: 0.160%
Break-even: 11.5 days

Slippage unknown: GRVT: live order book, 21 min ago; Nado: 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, 21 min ago	2.55 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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	233.46	−0.131%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.42	−0.148%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.46	−0.131%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.49	−0.118%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.49	−0.118%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.34	−0.182%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.78	+0.006%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.47	−0.126%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.45	−0.135%	$1.5M	$4.7M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.55	−0.092%	$42K	$135K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	233.56	−0.088%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.34	−0.182%	$148K	$468K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.44	−0.139%	$93	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.39	−0.160%	$163K	$501K	10x	as long as short
GRVT NBIS_USDT_Perplong	+0.0062%	8h	233.77	long leg	$5K	$130K	10x
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.41	−0.154%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.32	−0.190%	$481K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.46	−0.131%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.42	−0.146%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.977%	$386K	$722K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0130%	1h	233.38	−0.165%	$54.7M	$22.9M	10x	as long as short
Nado NBIS-PERPshort	+0.0170%	1h	233.27	−0.213%	$69K	$93K	3x
Aster NBISUSDT	+0.0223%	8h	233.52	−0.106%	$81K	$314K	50x	as long as short
Variational Omni NBIS	+0.0232%	8h	233.84	+0.032%	$2.9M	$560K	—	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.118%	$207K	$209K	20x	as long as short
Binance NBISUSDT	+0.0244%	8h	233.40	−0.155%	$19.2M	$85.2M	25x	as long as short
Extended NBIS-USD	+0.0248%	1h	233.31	−0.194%	$150K	$705K	10x	as long as short
Lighter NBIS	+0.0296%	1h	233.45	−0.135%	$902K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.04	+0.118%	$7K	$152K	10x	as long as short
edgeX NBISUSDC	+0.0339%	4h	233.68	−0.036%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0359%	1h	233.61	−0.066%	$10.1M	$3.4M	10x	as long as short