Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against HTX−0.094%7-day average +0.458% · you buy dearer than you sell

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

Long on HTX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.094%, 7d avg +0.458%

Together, before fees+0.131%+ Points / potential airdropVest: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.552% cheaper against HTX than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.458%). If the spread goes back, that is −$55 on $10k: about 40 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.017% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NBIS-USDT	233.78	0	get 0.0000% / 8h	6h 40m	$15K	$60K	20x
Short	Vest NBIS-USD-PERP	233.56	0.0046	get 0.0006% / 1h	40m 52s	—	$226K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.094%Rate

Funding earned: $9.59
Price spread: −0.094% → +0.458%: −$55.16
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$59.57
Costs to cover: 0.140%
Break-even: 50.5 days

Slippage unknown: HTX: live order book, 25 min ago; Vest: 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, 25 min ago	2.33 bp	12.4 bp −$12	26.7 bp −$267	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Bybit NBISUSDT	0.0000%	8h	233.62	−0.068%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.57	−0.090%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.59	−0.081%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.54	−0.103%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.48	−0.128%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDTlong	0.0000%	8h	233.78	long leg	$15K	$60K	20x
Phemex NBISUSDT	0.0000%	8h	233.59	−0.081%	$1.6M	$972K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0007%	1h	233.40	−0.163%	$35K	$48K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.45	−0.141%	$1.5M	$4.7M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.55	−0.098%	$42K	$135K	5x	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-PERPshort	+0.0046%	1h	233.56	−0.094%	—	$226K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	233.34	−0.188%	$148K	$468K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.42	−0.154%	$98	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.39	−0.167%	$163K	$501K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0062%	8h	233.77	−0.006%	$5K	$130K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.41	−0.160%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.50	−0.120%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.45	−0.141%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.44	−0.144%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.971%	$386K	$721K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0130%	1h	233.43	−0.150%	$54.7M	$22.9M	10x	as long as short
Nado NBIS-PERP	+0.0170%	1h	233.27	−0.219%	$69K	$93K	3x	as long as short
Variational Omni NBIS	+0.0223%	8h	233.46	−0.137%	$2.8M	$570K	—	as long as short
Aster NBISUSDT	+0.0223%	8h	233.68	−0.041%	$81K	$314K	50x	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.111%	$207K	$209K	20x	as long as short
Extended NBIS-USD	+0.0240%	1h	233.50	−0.119%	$150K	$705K	10x	as long as short
Binance NBISUSDT	+0.0244%	8h	233.61	−0.073%	$19.2M	$85.3M	25x	as long as short
Lighter NBIS	+0.0296%	1h	233.57	−0.090%	$902K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.04	+0.111%	$7K	$152K	10x	as long as short
edgeX NBISUSDC	+0.0339%	4h	233.68	−0.043%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0359%	1h	233.61	−0.073%	$10.1M	$3.4M	10x	as long as short