Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.009%

Price spread now: Vest against GRVT−0.102%7-day average +0.533% · you buy dearer than you sell

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

Long on GRVT Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.102%, 7d avg +0.533%

Together, before fees+0.018%+ Points / potential airdropGRVT: Active · Vest: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.636% cheaper against GRVT than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of +0.533%). If the spread goes back, that is −$64 on $10k: about 46 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NBIS_USDT_Perp	230.92	0	get 0.0000% / 8h	59m 24s	$4K	$116K	10x
Short	Vest NBIS-USD-PERP	230.68	0.0046	get 0.0006% / 1h	59m 24s	—	$222K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.102%Rate

Funding earned: $9.59
Price spread: −0.102% → +0.533%: −$63.57
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$64.98
Costs to cover: 0.110%
Break-even: 54.4 days

Slippage unknown: GRVT: live order book, 37 min ago; Vest: 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, 37 min ago	1.95 bp	11.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Bitget NBISUSDT	−0.0538%	8h	230.87	−0.020%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.82	−0.041%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.78	−0.061%	$149K	$631K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.96	+0.018%	$18.5M	$87.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.90	−0.007%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.84	−0.033%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.90	−0.007%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.87	−0.020%	$2.8M	$595K	—	as long as short
GRVT NBIS_USDT_Perplong	0.0000%	8h	230.92	long leg	$4K	$116K	10x
SunX NBIS-USDT	0.0000%	8h	230.93	+0.006%	$889	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	230.97	+0.023%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.99	+0.032%	$1.6M	$966K	10x	as long as short
BloFin NBIS-USDT	+0.0009%	8h	230.93	+0.006%	$204K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.80	−0.051%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERPshort	+0.0046%	1h	230.68	−0.102%	—	$222K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	230.80	−0.051%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.93	+0.006%	$139	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.77	−0.064%	$151K	$542K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.82	−0.042%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERP	+0.0063%	1h	230.70	−0.094%	$37K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.73	−0.081%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.93	+0.006%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.89	−0.012%	—	—	10x	as long as short
edgeX NBISUSDC	+0.0120%	4h	230.87	−0.020%	$37K	$227K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.38	−0.232%	$352K	$814K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0185%	1h	230.87	−0.020%	$54.2M	$21.1M	10x	as long as short
Entropy io:NBIS	+0.0226%	1h	230.82	−0.042%	$10.0M	$3.1M	10x	as long as short
Lighter NBIS	+0.0232%	1h	230.88	−0.016%	$935K	$4.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0270%	1h	230.86	−0.025%	$34K	$49K	10x	as long as short
Phoenix NBIS	+0.0311%	1h	231.11	+0.084%	$7K	$125K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	230.81	−0.048%	$23K	$15K	20x	as long as short