Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.075%

Price spread now: GRVT against Kraken Futures+0.032%75s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.032% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NBISUSD	234.60	0.0152	pay 0.0019% / 1h	29m 51s	$23K	$15K	20x
Short	GRVT NBIS_USDT_Perp	234.67	0	get 0.0000% / 8h	5h 29m	$4K	$127K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Kraken Futures. 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 Kraken FuturesbpFee GRVTbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$31.84
Price spread: +0.032% → 0.000%: $3.2
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$47.64
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; GRVT: live order book, 28 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell GRVT live order book, 28 min ago	1.92 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: 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
Nado NBIS-PERP	−0.0002%	1h	234.78	+0.080%	$65K	$98K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.82	+0.095%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.59	−0.003%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.77	+0.074%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.70	+0.044%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perpshort	0.0000%	8h	234.67	+0.032%	$4K	$127K	10x
SunX NBIS-USDT	0.0000%	8h	234.84	+0.103%	$998	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.68	+0.035%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.72	+0.052%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.76	+0.069%	$1.6M	$963K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0023%	1h	234.71	+0.048%	$1.5M	$4.3M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.55	−0.020%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.97	+0.159%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.70	+0.044%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.69	+0.039%	$23	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.52	−0.033%	$164K	$499K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0068%	1h	234.62	+0.010%	$55.0M	$19.7M	10x	as long as short
Variational Omni NBIS	+0.0095%	8h	234.77	+0.072%	$2.9M	$569K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.50	−0.042%	$483K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.73	+0.057%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.73	+0.057%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.455%	$382K	$712K	10x	as long as short
Aster NBISUSDT	+0.0124%	8h	234.70	+0.044%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0132%	8h	234.73	+0.058%	$19.1M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0136%	1h	234.68	+0.036%	$146K	$702K	10x	as long as short
Kraken Futures PF_NBISUSDlong	+0.0152%	1h	234.60	long leg	$23K	$15K	20x
BloFin NBIS-USDT	+0.0162%	8h	234.84	+0.103%	$207K	$204K	20x	as long as short
Lighter NBIS	+0.0256%	1h	234.73	+0.057%	$907K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.70	+0.044%	$7K	$150K	10x	as long as short
edgeX NBISUSDC	+0.0334%	4h	234.66	+0.027%	$38K	$227K	10x	as long as short
Entropy io:NBIS	+0.0468%	1h	234.67	+0.031%	$10.2M	$3.3M	10x	as long as short