Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h −0.089%

Price spread now: HTX against Kraken Futures+0.108%7-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 HTX

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—needs both histories

The price spread pays, funding is against you. HTX is 0.108% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.108% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NBISUSD	233.26	0.0049	pay 0.0006% / 1h	14m 36s	$23K	$15K	20x
Short	HTX NBIS-USDT	233.51	0	get 0.0000% / 8h	3h 14m	$15K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$10.22
Price spread: +0.108% → 0.000%: $10.77
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$21.45
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; HTX: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Kraken Futures and 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 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
Aster NBISUSDT	0.0000%	8h	233.43	+0.072%	$78K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.31	+0.023%	$146K	$640K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.38	+0.052%	$19.0M	$85.2M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.42	+0.069%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.32	+0.026%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.33	+0.031%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.35	+0.039%	$2.3M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.10	−0.066%	$2.9M	$552K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.98	−0.121%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.31	+0.022%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDTshort	0.0000%	8h	233.51	+0.108%	$15K	$60K	20x
Phemex NBISUSDT	0.0000%	8h	233.35	+0.039%	$1.6M	$954K	10x	as long as short
Nado NBIS-PERP	+0.0017%	1h	233.36	+0.045%	$38K	$115K	3x	as long as short
BloFin NBIS-USDT	+0.0030%	8h	233.30	+0.018%	$206K	$205K	20x	as long as short
QFEX NBIS-USD	+0.0034%	1h	233.37	+0.048%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.05	−0.090%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.48	+0.095%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSDlong	+0.0049%	1h	233.26	long leg	$23K	$15K	20x
tradeXYZ xyz:NBIS	+0.0050%	1h	233.30	+0.018%	$54.4M	$20.1M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.33	+0.031%	$143K	$460K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.19	−0.029%	$107	$21K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0050%	1h	233.25	−0.004%	$35K	$49K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.35	+0.039%	$160K	$501K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.27	+0.005%	$481K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.24	−0.008%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.17	−0.036%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	232.88	−0.162%	$361K	$767K	10x	as long as short
edgeX NBISUSDC	+0.0114%	4h	232.90	−0.152%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0224%	1h	233.41	+0.065%	$926K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	232.87	−0.167%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0301%	1h	233.24	−0.008%	$10.1M	$3.2M	10x	as long as short