Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.051%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1501.496% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now −0.051%, 7d avg −0.021%

Together, before fees+0.015%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.030% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.021%.

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	SunX NBIS-USDT	235.57	0	get 0.0000% / 8h	7h 53m	$1K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.021%: −$3.01
Slippage, 4 orders: −$129.57
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$152.58
Costs to cover: 1.496%
Break-even: never at this rate

Slippage from HTX: live order book, 17 min ago; SunX: live order book, 12 min ago.

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, 17 min ago	0.64 bp	10.7 bp −$11	24.2 bp −$242	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	44.98 bp	64.2 bp −$64	doesn't fit	doesn't fit	doesn't fit

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	235.43	−0.111%	$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	235.54	−0.064%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDTshort	0.0000%	8h	235.57	−0.051%	$1K	$1.7M	10x
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.53	−0.068%	$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	235.43	−0.110%	$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-PERP	+0.0187%	1h	235.46	−0.097%	$29K	$63K	3x	as long as short
Variational Omni NBIS	+0.0195%	8h	235.77	+0.033%	$2.9M	$817K	—	as long as short
Aster NBISUSDT	+0.0214%	8h	235.77	+0.033%	$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	235.54	−0.064%	$19.5M	$86.1M	25x	as long as short
BloFin NBIS-USDT	+0.0252%	8h	235.56	−0.055%	$206K	$213K	20x	as long as short
Bybit NBISUSDT	+0.0278%	8h	235.67	−0.008%	$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
Phoenix NBIS	+0.0409%	1h	235.65	−0.017%	$7K	$163K	10x	as long as short
Lighter NBIS	+0.0432%	1h	235.50	−0.081%	$929K	$4.4M	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	+0.0961%	1h	235.60	−0.038%	$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