Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h −0.002%

Price spread now: Extended against KuCoin+0.024%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1511.510% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.024%, 7d avg +0.025%

Together, before fees−0.023%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	235.46	0.0100	pay 0.0100% / 8h	7h 52m	$485K	$25K	20x
Short	Extended NBIS-USD	235.52	0.0232	get 0.0029% / 1h	52m 28s	$137K	$703K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.024%Rate

Funding earned: $27.72
Price spread: +0.024% → +0.025%: −$0.13
Slippage, 4 orders: −$134
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$123.41
Costs to cover: 1.510%
Break-even: 38.2 days

Slippage from KuCoin: live order book, 70 min ago; Extended: live order book, 21 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 KuCoin live order book, 70 min ago	19.25 bp	65.9 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	2.35 bp	12.0 bp −$12	134.2 bp −$1,342	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	235.29	−0.070%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.77	+0.132%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.50	+0.017%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.65	+0.081%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.63	+0.072%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.44	−0.008%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.69	+0.098%	$15K	$113K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.58	+0.051%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	234.10	−0.578%	$359K	$678K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.77	+0.132%	$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	235.94	+0.204%	—	$234K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.58	+0.051%	$174K	$507K	10x	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	235.46	long leg	$485K	$25K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.56	+0.042%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.35	−0.472%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0176%	1h	235.50	+0.017%	$29K	$63K	3x	as long as short
Variational Omni NBIS	+0.0195%	8h	235.77	+0.131%	$2.9M	$817K	—	as long as short
Bybit NBISUSDT	+0.0197%	8h	235.82	+0.153%	$5.2M	$6.5M	50x	as long as short
Aster NBISUSDT	+0.0214%	8h	235.78	+0.135%	$81K	$308K	50x	as long as short
Extended NBIS-USDshort	+0.0232%	1h	235.52	+0.024%	$137K	$703K	10x
Binance NBISUSDT	+0.0233%	8h	235.72	+0.113%	$19.5M	$86.1M	25x	as long as short
BloFin NBIS-USDT	+0.0237%	8h	235.61	+0.064%	$205K	$213K	20x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.33	−0.055%	$44K	$134K	5x	as long as short
Lighter NBIS	+0.0392%	1h	235.60	+0.059%	$928K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.65	+0.081%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0438%	4h	235.44	−0.009%	$38K	$228K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0566%	8h	235.49	+0.013%	$5K	$137K	10x	as long as short
Entropy io:NBIS	+0.0773%	1h	235.36	−0.042%	$10.3M	$3.4M	10x	as long as short
SoDEX NBIS-USD	+0.0786%	1h	235.52	+0.025%	$9	$20K	10x	as long as short
Polymarket Perps NBIS-USD	+0.1344%	1h	235.88	+0.178%	$140K	$434K	10x	as long as short
tradeXYZ xyz:NBIS	+0.1459%	1h	235.82	+0.153%	$54.9M	$23.4M	10x	as long as short