Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0248%/8h= +27.2% APRpaid last 24h +0.112%
Price spread now: Lighter against HTX+0.184%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs+$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$280.282% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.531%+$53 on $10k
Price spread, last 3 days (all we have)−0.092%−$9 · spread now +0.184%, 7d avg +0.040%
Together, before fees+0.439%+ Points / potential airdropLighter: Season 3 · farm board+$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.144% dearer against HTX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NBIS-USDT233.740get 0.0000% / 8h5h 58m$15K$60K20x
ShortLighter NBIS234.170.0248get 0.0031% / 1h58m 39s$903K$4.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$52.08
Price spread: +0.184% → +0.040%
$14.44
Slippage, 4 orders
−$16.21
Fee HTX: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$38.31
Costs to cover
0.282%
Break-even
1.9 days
Slippage from HTX: live order book, 67 min ago; Lighter: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 67 min ago2.33 bp12.4 bp −$1226.7 bp −$267doesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago1.07 bp1.4 bp −$13.5 bp −$3569.2 bp −$6,915doesn't fit

NBIS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado NBIS-PERP−0.0152%1h233.60−0.060%$67K$95K3xas long as short
Bybit NBISUSDT0.0000%8h234.15+0.175%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h234.09+0.150%$3.4M$16.3M25xas long as short
Gate NBIS_USDT0.0000%8h234.09+0.150%$2.8M$4.9M50xas long as short
Bitget NBISUSDT0.0000%8h234.08+0.145%$2.4M$4.4M20xas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.04+0.130%$5K$128K10xas long as short
SunX NBIS-USDT0.0000%8h233.63−0.047%$922$1.7M10xas long as short
HTX NBIS-USDTlong0.0000%8h233.74long leg$15K$60K20x
Phemex NBISUSDT0.0000%8h233.92+0.077%$1.6M$970K10xas long as short
QFEX NBIS-USD+0.0023%1h233.93+0.081%$1.5M$4.4M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NBIS-USD+0.0040%1h233.81+0.030%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h233.95+0.090%$215K5xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0050%1h233.69−0.021%$35K$48K10xas long as short
Polymarket Perps NBIS-USD+0.0050%1h233.66−0.034%$149K$453K10xas long as short
SoDEX NBIS-USD+0.0050%1h233.71−0.013%$19$20K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h234.04+0.128%$164K$497K10xas long as short
KuCoin NBISUSDTM+0.0100%8h234.01+0.116%$482K$21K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h233.70−0.017%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.71−0.013%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h233.53−0.090%$382K$712K10xas long as short
Variational Omni NBIS+0.0141%8h233.95+0.092%$2.8M$570Kas long as short
Kraken Futures PF_NBISUSD+0.0152%1h233.85+0.046%$24K$15K20xas long as short
Aster NBISUSDT+0.0154%8h234.30+0.239%$81K$307K50xas long as short
Binance NBISUSDT+0.0167%8h234.17+0.184%$19.1M$84.7M25xas long as short
Extended NBIS-USD+0.0168%1h234.01+0.117%$147K$698K10xas long as short
tradeXYZ xyz:NBIS+0.0245%1h234.04+0.128%$54.6M$19.9M10xas long as short
Lighter NBISshort+0.0248%1h234.17+0.184%$903K$4.3M10x
Phoenix NBIS+0.0306%1h234.08+0.145%$7K$149K10xas long as short
edgeX NBISUSDC+0.0480%4h233.91+0.071%$38K$227K10xas long as short
Entropy io:NBIS+0.0557%1h233.99+0.107%$10.2M$3.3M10xas long as short