Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.014%

Price spread now: SoDEX against KuCoin+0.035%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.035% dearer against KuCoin than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	231.15	0.0100	pay 0.0100% / 8h	46m 26s	$476K	$20K	20x
Short	SoDEX NBIS-USD	231.23	0.0080	get 0.0010% / 1h	46m 26s	$111	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$4.21
Price spread: +0.035% → 0.000%: $3.46
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20.75
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 57 min ago; SoDEX: 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, 57 min ago	23.88 bp	67.6 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Bitget NBISUSDT	−0.0519%	8h	231.32	+0.074%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.13	−0.009%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.27	+0.051%	$144K	$764K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.37	+0.095%	$18.6M	$87.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.40	+0.108%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.28	+0.056%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.30	+0.065%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.57	−0.251%	$2.8M	$595K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.66	−0.212%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.15	0.000%	$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-USDT	0.0000%	8h	230.85	−0.130%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.33	+0.078%	$1.6M	$965K	10x	as long as short
BloFin NBIS-USDT	+0.0027%	8h	231.29	+0.061%	$205K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.90	−0.108%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.33	+0.078%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.17	+0.009%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.20	+0.022%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.89	−0.112%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.329%	$353K	$814K	10x	as long as short
SoDEX NBIS-USDshort	+0.0080%	1h	231.23	+0.035%	$111	$20K	10x
KuCoin NBISUSDTMlong	+0.0100%	8h	231.15	long leg	$476K	$20K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.23	+0.035%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.19	+0.017%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0107%	1h	231.13	−0.009%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERP	+0.0109%	1h	231.00	−0.064%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	230.87	−0.121%	$7K	$125K	10x	as long as short
edgeX NBISUSDC	+0.0349%	4h	230.58	−0.246%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0352%	1h	231.24	+0.039%	$940K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0353%	1h	231.02	−0.056%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.19	+0.018%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0659%	1h	231.20	+0.022%	$34K	$49K	10x	as long as short