Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: Polymarket Perps against HTX−0.224%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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

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. Polymarket Perps is 0.224% cheaper against HTX than usual: you would sell low and buy high (spread −0.224% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 15 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NBIS-USDT	232.52	0	get 0.0000% / 8h	4h 08m	$12K	$61K	20x
Short	Polymarket Perps NBIS-USD	232.00	0.0050	get 0.0006% / 1h	8m 22s	$129K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.224%Rate

Funding earned: $10.5
Price spread: −0.224% → 0.000%: −$22.36
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.86
Costs to cover: 0.200%
Break-even: 28.2 days

Slippage unknown: HTX: no order-book sample; Polymarket Perps: live order book, 32 min ago. 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 Polymarket Perps live order book, 32 min ago	1.29 bp	5.3 bp −$5	7.4 bp −$74	29.6 bp −$2,960	doesn't fit

HTX: 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 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	232.03	−0.211%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.17	−0.151%	$2.7M	$4.9M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	232.12	−0.172%	$2.2M	$4.4M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.50	−0.009%	$1K	$1.3M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	232.12	−0.172%	$36K	$51K	10x	as long as short
HTX NBIS-USDTlong	0.0000%	8h	232.52	long leg	$12K	$61K	20x
Phemex NBISUSDT	0.0000%	8h	232.03	−0.211%	$1.6M	$967K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0040%	1h	232.07	−0.192%	$22K	$10K	20x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.42	−0.043%	—	$250K	5x	as long as short
Polymarket Perps NBIS-USDshort	+0.0050%	1h	232.00	−0.224%	$129K	$467K	10x

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX NBIS-USD	+0.0050%	1h	232.10	−0.181%	$1K	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.37	−0.065%	$151K	$508K	10x	as long as short
QFEX NBIS-USD	+0.0053%	1h	232.10	−0.181%	$1.6M	$3.6M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.20	−0.138%	$471K	$293K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.32	−0.086%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.31	−0.089%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0120%	1h	232.35	−0.073%	$38K	$54K	3x	as long as short
Bybit NBISUSDT	+0.0133%	8h	232.24	−0.120%	$5.4M	$7.0M	50x	as long as short
Variational Omni NBIS	+0.0135%	8h	232.46	−0.025%	$2.9M	$621K	—	as long as short
Aster NBISUSDT	+0.0165%	8h	232.60	+0.034%	$80K	$314K	50x	as long as short
Binance NBISUSDT	+0.0184%	8h	232.29	−0.099%	$20.5M	$89.8M	25x	as long as short
Extended NBIS-USD	+0.0184%	1h	232.18	−0.145%	$146K	$1.0M	10x	as long as short
BloFin NBIS-USDT	+0.0210%	8h	232.64	+0.052%	$207K	$214K	20x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0224%	1h	232.43	−0.039%	$380K	$856K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0234%	8h	232.62	+0.043%	$5K	$101K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0241%	1h	232.05	−0.202%	$55.4M	$19.1M	10x	as long as short
Lighter NBIS	+0.0304%	1h	232.02	−0.215%	$930K	$3.8M	10x	as long as short
edgeX NBISUSDC	+0.0389%	4h	232.88	+0.154%	$31K	$233K	10x	as long as short
Phoenix NBIS	+0.0444%	1h	232.51	−0.004%	$7K	$117K	10x	as long as short
Entropy io:NBIS	+0.0640%	1h	232.36	−0.069%	$10.1M	$2.8M	10x	as long as short
Arcus NBIS-USD	+0.0870%	1h	232.01	−0.219%	$42K	$116K	5x	as long as short