Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0081%/8h= −8.8% APRpaid last 24h −0.027%

Price spread now: Binance against Nado+0.134%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$690.692% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.134%, 7d avg +0.001%

Together, before fees−0.052%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.134% dearer against Nado than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.001%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 4 days (−0.009% in total) that is about 53 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NBIS-PERP	233.39	0.0217	pay 0.0027% / 1h	53m 13s	$38K	$85K	3x
Short	Binance NBISUSDT	233.71	0.0136	get 0.0136% / 8h	5h 53m	$20.4M	$90.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpFee BinancebpOrdersPrice spread, now +0.134%Rate

Funding earned: −$16.93
Price spread: +0.134% → +0.001%: $13.36
Slippage, 4 orders: −$52.22
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.78
Costs to cover: 0.692%
Break-even: never at this rate

Slippage from Nado: live order book, 57 min ago; Binance: live order book, 13 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 Nado live order book, 57 min ago	11.93 bp	16.1 bp −$16	80.5 bp −$805	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.08 bp	8.9 bp −$9	26.1 bp −$261	86.1 bp −$8,609	doesn't fit

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.76	+0.158%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.75	+0.153%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.83	+0.188%	$2.3M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.63	+0.102%	$937	$1.4M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.21	−0.078%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.79	+0.171%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.74	+0.149%	—	$250K	5x	as long as short
QFEX NBIS-USD	+0.0058%	1h	233.51	+0.051%	$1.6M	$3.6M	10x	as long as short
Variational Omni NBIS	+0.0063%	8h	233.08	−0.136%	$2.9M	$637K	—	as long as short
Bybit NBISUSDT	+0.0078%	8h	233.82	+0.183%	$5.3M	$6.9M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.P	+0.0090%	1h	233.32	−0.031%	$154K	$523K	10x	as long as short
Aster NBISUSDT	+0.0098%	8h	233.29	−0.043%	$75K	$312K	50x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.37	−0.009%	$473K	$174K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.60	+0.089%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.56	+0.073%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	232.69	−0.301%	$381K	$877K	10x	as long as short
Extended NBIS-USD	+0.0136%	1h	233.59	+0.086%	$149K	$846K	10x	as long as short
Binance NBISUSDTshort	+0.0136%	8h	233.71	+0.134%	$20.4M	$90.7M	25x
BloFin NBIS-USDT	+0.0141%	8h	233.85	+0.196%	$157K	$217K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0184%	1h	233.52	+0.055%	$137K	$472K	10x	as long as short
Nado NBIS-PERPlong	+0.0217%	1h	233.39	long leg	$38K	$85K	3x
Deribit NBIS_USDC-PERPETUAL	+0.0307%	1h	233.64	+0.106%	$35K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0370%	1h	233.40	+0.005%	$22K	$11K	20x	as long as short
Phoenix NBIS	+0.0377%	1h	233.04	−0.151%	$7K	$127K	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	233.47	+0.033%	$42K	$119K	5x	as long as short
edgeX NBISUSDC	+0.0420%	4h	233.25	−0.061%	$37K	$226K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0433%	8h	233.43	+0.015%	$5K	$102K	10x	as long as short
SoDEX NBIS-USD	+0.0460%	1h	233.69	+0.128%	$61	$19K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0474%	1h	233.85	+0.196%	$55.3M	$19.1M	10x	as long as short
Lighter NBIS	+0.0536%	1h	233.86	+0.201%	$944K	$3.8M	10x	as long as short
Entropy io:NBIS	+0.0763%	1h	233.30	−0.039%	$10.2M	$3.0M	10x	as long as short