Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.067%

Price spread now: Nado against HTX−0.097%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 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 airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.097% cheaper against HTX than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 42 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NBIS-USDT	235.69	0	get 0.0000% / 8h	7h 53m	$15K	$113K	20x
Short	Nado NBIS-PERP	235.46	0.0187	get 0.0023% / 1h	53m 16s	$29K	$63K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.097%Rate

Funding earned: $39.25
Price spread: −0.097% → 0.000%: −$9.73
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $10.51
Costs to cover: 0.190%
Break-even: 5.1 days

Slippage unknown: HTX: live order book, 18 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 HTX live order book, 18 min ago	0.64 bp	10.7 bp −$11	24.2 bp −$242	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
Kraken Futures PF_NBISUSD	−0.0179%	1h	235.29	−0.168%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.55	−0.059%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.50	−0.081%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.56	−0.055%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.63	−0.025%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.44	−0.106%	$35K	$48K	10x	as long as short
HTX NBIS-USDTlong	0.0000%	8h	235.69	long leg	$15K	$113K	20x
Phemex NBISUSDT	0.0000%	8h	235.58	−0.047%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	234.10	−0.675%	$359K	$678K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.53	−0.068%	$1.5M	$5.1M	10x	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	235.75	+0.025%	—	$234K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.58	−0.047%	$174K	$507K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.40	−0.123%	$485K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.56	−0.055%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.35	−0.569%	—	—	10x	as long as short
Nado NBIS-PERPshort	+0.0187%	1h	235.46	−0.097%	$29K	$63K	3x
Variational Omni NBIS	+0.0195%	8h	235.77	+0.033%	$2.9M	$817K	—	as long as short
Aster NBISUSDT	+0.0214%	8h	235.77	+0.034%	$81K	$308K	50x	as long as short
Extended NBIS-USD	+0.0232%	1h	235.49	−0.086%	$138K	$700K	10x	as long as short
Binance NBISUSDT	+0.0232%	8h	235.52	−0.073%	$19.5M	$86.1M	25x	as long as short
BloFin NBIS-USDT	+0.0237%	8h	235.61	−0.034%	$205K	$213K	20x	as long as short
Bybit NBISUSDT	+0.0278%	8h	235.64	−0.021%	$5.1M	$6.5M	50x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.30	−0.165%	$44K	$134K	5x	as long as short
Lighter NBIS	+0.0392%	1h	235.59	−0.042%	$930K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.65	−0.017%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0438%	4h	235.44	−0.107%	$38K	$228K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0566%	8h	235.49	−0.085%	$5K	$137K	10x	as long as short
Entropy io:NBIS	+0.0778%	1h	235.34	−0.149%	$10.3M	$3.4M	10x	as long as short
SoDEX NBIS-USD	+0.0786%	1h	235.52	−0.072%	$9	$20K	10x	as long as short
Polymarket Perps NBIS-USD	+0.1556%	1h	235.50	−0.081%	$141K	$432K	10x	as long as short
tradeXYZ xyz:NBIS	+0.1682%	1h	235.46	−0.098%	$54.9M	$23.4M	10x	as long as short