Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.035%

Price spread now: tradeXYZ against KuCoin+0.086%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$304as in the Funding arb table

Net, price: spread back to 7d avg − costs−$314as in the Price arb table

costs, in and out, $10k−$3173.168% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.086%, 7d avg +0.061%

Together, before fees+0.145%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.025% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	232.07	0.0100	pay 0.0100% / 8h	2h 07m	$478K	$20K	20x
Short	tradeXYZ xyz:NBIS	232.27	0.0113	get 0.0014% / 1h	7m 16s	$54.6M	$21.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.086%Rate

Funding earned: $2.69
Price spread: +0.086% → +0.061%: $2.48
Slippage, 4 orders: −$286.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$311.61
Costs to cover: 3.168%
Break-even: 817.9 days

Slippage from KuCoin: live order book, 51 min ago; tradeXYZ: live order book, 12 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, 51 min ago	28.27 bp	134.1 bp −$134	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	3.03 bp	14.9 bp −$15	doesn't fit	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
Bitget NBISUSDT	−0.0442%	8h	232.32	+0.108%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0009%	8h	232.38	+0.134%	$203K	$206K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	232.10	+0.015%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.26	+0.082%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.28	+0.090%	$18.6M	$87.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.29	+0.095%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.40	+0.142%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.39	+0.138%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.26	+0.084%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.32	+0.108%	$5K	$117K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	232.23	+0.069%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.23	+0.069%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.32	+0.108%	$1.6M	$957K	10x	as long as short
QFEX NBIS-USD	+0.0029%	1h	232.30	+0.099%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.03	−0.017%	$42K	$132K	5x	as long as short
Nado NBIS-PERP	+0.0041%	1h	232.02	−0.023%	$38K	$115K	3x	as long as short
edgeX NBISUSDC	+0.0045%	4h	232.19	+0.052%	$37K	$226K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.29	+0.095%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.26	+0.082%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.09	+0.009%	$152K	$548K	10x	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	232.07	long leg	$478K	$20K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.24	+0.073%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.20	+0.056%	—	—	10x	as long as short
tradeXYZ xyz:NBISshort	+0.0113%	1h	232.27	+0.086%	$54.6M	$21.1M	10x
SoDEX NBIS-USD	+0.0158%	1h	232.30	+0.099%	$79	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	231.92	−0.065%	$351K	$815K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	232.31	+0.103%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.31	+0.103%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0256%	1h	232.23	+0.069%	$939K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0389%	1h	232.01	−0.026%	$10.1M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0957%	1h	232.25	+0.078%	$34K	$49K	10x	as long as short