Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.009%

Price spread now: Deribit against KuCoin+0.021%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Deribit

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. Deribit is 0.021% dearer against KuCoin than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	234.23	0.0100	pay 0.0100% / 8h	44m 19s	$483K	$25K	20x
Short	Deribit NBIS_USDC-PERPETUAL	234.28	0	get 0.0000% / 1h	44m 19s	$35K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$21
Price spread: +0.021% → 0.000%: $2.13
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$37.87
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 18 min ago; Deribit: 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 KuCoin live order book, 18 min ago	19.25 bp	65.9 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	234.41	+0.077%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.39	+0.068%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.36	+0.056%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.32	+0.038%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.34	+0.047%	$874	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUALshort	0.0000%	1h	234.28	+0.021%	$35K	$48K	10x
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.201%	$358K	$699K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.37	+0.060%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.43	+0.085%	$1.6M	$968K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.53	+0.128%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.40	+0.073%	$147K	$706K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.42	+0.081%	$33	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.32	+0.038%	$1.5M	$5.1M	10x	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	234.23	long leg	$483K	$25K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.42	+0.081%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.46	+0.099%	—	—	10x	as long as short
Variational Omni NBIS	+0.0202%	8h	234.45	+0.094%	$2.9M	$821K	—	as long as short
Nado NBIS-PERP	+0.0222%	1h	234.30	+0.029%	$28K	$63K	3x	as long as short
Aster NBISUSDT	+0.0227%	8h	234.32	+0.038%	$79K	$306K	50x	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.48	+0.107%	$206K	$214K	20x	as long as short
Extended NBIS-USD	+0.0240%	1h	234.35	+0.053%	$142K	$697K	10x	as long as short
Binance NBISUSDT	+0.0240%	8h	234.41	+0.076%	$19.4M	$86.3M	25x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.23	+0.001%	$24K	$13K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0261%	8h	234.41	+0.077%	$5K	$139K	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.34	+0.047%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0290%	1h	234.43	+0.085%	$54.7M	$23.3M	10x	as long as short
edgeX NBISUSDC	+0.0320%	4h	234.32	+0.037%	$38K	$235K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0332%	1h	234.33	+0.043%	$174K	$498K	10x	as long as short
Lighter NBIS	+0.0360%	1h	234.57	+0.145%	$931K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.42	+0.081%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0501%	1h	234.40	+0.073%	$10.2M	$3.3M	10x	as long as short