Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.010%

Price spread now: QFEX against GRVT−0.073%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.078%−$8 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now −0.073%, 7d avg −0.018%

Together, before fees−0.223%+ Points / potential airdropGRVT: Active · farm board−$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.056% cheaper against GRVT than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.018%). If the spread goes back, that is −$6 on $10k: about 4.8 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NBIS_USDT_Perp	235.52	0	get 0.0000% / 8h	4h 19m	$5K	$120K	10x
Short	QFEX NBIS-USD	235.35	0.0038	get 0.0005% / 1h	19m 18s	$1.5M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $8.03
Price spread: −0.073% → −0.018%: −$5.55
Slippage, 4 orders: −$21.98
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$38.51
Costs to cover: 0.410%
Break-even: 40.6 days

Slippage from GRVT: live order book, 33 min ago; QFEX: live order book, 4 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, 33 min ago	1.91 bp	12.6 bp −$13	25.7 bp −$257	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.55 bp	9.2 bp −$9	13.1 bp −$131	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
Nado NBIS-PERP	−0.0090%	1h	235.27	−0.105%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.39	−0.056%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.32	−0.086%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.37	−0.065%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.38	−0.061%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.53	+0.001%	$2.9M	$562K	—	as long as short
GRVT NBIS_USDT_Perplong	0.0000%	8h	235.52	long leg	$5K	$120K	10x
SunX NBIS-USDT	0.0000%	8h	235.50	−0.010%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.41	−0.048%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.37	−0.065%	$1.6M	$955K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USDshort	+0.0038%	1h	235.35	−0.073%	$1.5M	$4.2M	10x
Arcus NBIS-USD	+0.0040%	1h	235.30	−0.095%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.67	+0.062%	—	$216K	5x	as long as short
Aster NBISUSDT	+0.0047%	8h	235.34	−0.076%	$79K	$310K	50x	as long as short
Extended NBIS-USD	+0.0048%	1h	235.33	−0.083%	$150K	$701K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.28	−0.103%	$54.8M	$19.8M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.32	−0.086%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.34	−0.078%	$38	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.54	+0.007%	$161K	$503K	10x	as long as short
Binance NBISUSDT	+0.0051%	8h	235.39	−0.056%	$19.4M	$84.6M	25x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.56	+0.016%	$389K	$724K	10x	as long as short
BloFin NBIS-USDT	+0.0079%	8h	235.56	+0.016%	$208K	$205K	20x	as long as short
edgeX NBISUSDC	+0.0095%	4h	235.47	−0.021%	$38K	$226K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.22	−0.129%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.40	−0.052%	$2K	$3K	10x	as long as short
Lighter NBIS	+0.0104%	1h	235.43	−0.040%	$903K	$4.1M	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.36	−0.069%	—	—	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.43	−0.040%	$7K	$150K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0345%	1h	235.33	−0.082%	$35K	$48K	10x	as long as short
Entropy io:NBIS	+0.0406%	1h	235.37	−0.065%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.35	−0.075%	$24K	$15K	20x	as long as short