Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.009%

Price spread now: Polymarket Perps against KuCoin+0.094%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1381.380% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now +0.094%, 7d avg +0.054%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.040% dearer against KuCoin than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.054%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	234.87	0.0100	pay 0.0100% / 8h	15m 54s	$484K	$25K	20x
Short	Polymarket Perps NBIS-USD	235.09	0.0050	get 0.0006% / 1h	15m 54s	$150K	$723K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$10.5
Price spread: +0.094% → +0.054%: $4.01
Slippage, 4 orders: −$118.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$144.51
Costs to cover: 1.380%
Break-even: never at this rate

Slippage from KuCoin: live order book, 47 min ago; Polymarket Perps: live order book, 62 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, 47 min ago	19.25 bp	65.9 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 62 min ago	1.71 bp	5.7 bp −$6	6.2 bp −$62	25.2 bp −$2,522	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
Bybit NBISUSDT	0.0000%	8h	235.14	+0.115%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.09	+0.094%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.07	+0.085%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.03	+0.068%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.04	+0.072%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.97	+0.043%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.473%	$358K	$675K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.07	+0.085%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.11	+0.102%	$1.6M	$975K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.27	+0.170%	—	$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-USDshort	+0.0050%	1h	235.09	+0.094%	$150K	$723K	10x
SoDEX NBIS-USD	+0.0050%	1h	235.09	+0.094%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	235.05	+0.077%	$1.5M	$5.2M	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0070%	1h	234.89	+0.009%	$174K	$499K	10x	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	234.87	long leg	$484K	$25K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.09	+0.094%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.12	+0.106%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0196%	1h	234.92	+0.021%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0221%	8h	235.11	+0.100%	$2.9M	$822K	—	as long as short
Aster NBISUSDT	+0.0236%	8h	235.26	+0.167%	$79K	$308K	50x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.80	−0.030%	$24K	$14K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0250%	8h	235.07	+0.085%	$5K	$139K	10x	as long as short
Binance NBISUSDT	+0.0253%	8h	234.99	+0.051%	$19.4M	$86.5M	25x	as long as short
Extended NBIS-USD	+0.0256%	1h	235.08	+0.088%	$141K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0264%	8h	235.12	+0.106%	$206K	$214K	20x	as long as short
Arcus NBIS-USD	+0.0269%	1h	235.04	+0.072%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0306%	1h	235.14	+0.115%	$54.8M	$23.4M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	235.07	+0.085%	$7K	$163K	10x	as long as short
Lighter NBIS	+0.0376%	1h	235.16	+0.123%	$934K	$4.6M	10x	as long as short
Entropy io:NBIS	+0.0488%	1h	234.96	+0.038%	$10.3M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0895%	4h	235.03	+0.068%	$38K	$235K	10x	as long as short