Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0681%/8h= +74.5% APRpaid last 24h +0.066%

Price spread now: Kraken Futures against HTX−0.130%7-day average — · you buy dearer than you sell

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

Long on HTX 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—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.130% cheaper against HTX than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 15 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NBIS-USDT	229.52	0	get 0.0000% / 8h	7h 43m	$15K	$57K	20x
Short	Kraken Futures PF_NBISUSD	229.22	0.0681	get 0.0085% / 1h	43m 11s	$22K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now −0.130%Rate

Funding earned: $142.95
Price spread: −0.130% → 0.000%: −$12.99
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $107.97
Costs to cover: 0.220%
Break-even: 1.7 days

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

HTX and 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
Bitget NBISUSDT	−0.0301%	8h	229.20	−0.139%	$2.3M	$4.5M	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	−0.0099%	1h	229.09	−0.187%	$34K	$49K	10x	as long as short
BloFin NBIS-USDT	−0.0028%	8h	229.39	−0.057%	$203K	$213K	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	229.39	−0.057%	$355K	$806K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	229.38	−0.060%	$83K	$313K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	229.19	−0.143%	$147K	$880K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	229.14	−0.166%	$18.6M	$88.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	229.24	−0.122%	$4.8M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	229.15	−0.161%	$3.2M	$15.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	229.20	−0.139%	$2.7M	$5.1M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NBIS	0.0000%	8h	229.08	−0.193%	$2.8M	$576K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	229.57	+0.020%	$4K	$114K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	229.53	+0.004%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDTlong	0.0000%	8h	229.52	long leg	$15K	$57K	20x
Phemex NBISUSDT	0.0000%	8h	229.27	−0.109%	$1.5M	$972K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	229.31	−0.091%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	229.36	−0.070%	—	$224K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	229.35	−0.074%	$136K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	229.24	−0.122%	$64	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	229.44	−0.035%	$148K	$539K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0052%	1h	229.07	−0.196%	$53.5M	$21.4M	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	229.42	−0.044%	$1.5M	$3.7M	10x	as long as short
Nado NBIS-PERP	+0.0078%	1h	229.40	−0.050%	$38K	$116K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	229.31	−0.091%	$471K	$52K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	229.23	−0.126%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	229.24	−0.122%	—	—	10x	as long as short
Lighter NBIS	+0.0144%	1h	229.21	−0.135%	$920K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0277%	1h	229.23	−0.126%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0376%	1h	229.53	+0.004%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0681%	1h	229.22	−0.130%	$22K	$16K	20x
edgeX NBISUSDC	+0.0905%	4h	229.58	+0.028%	$37K	$228K	10x	as long as short