Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h −0.044%

Price spread now: GRVT against Nado−0.046%61s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on GRVT

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—+ Points / potential airdropNado: Active · GRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.046% cheaper against Nado than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NBIS-PERP	235.39	−0.0005	get 0.0001% / 1h	5m 52s	$64K	$99K	3x
Short	GRVT NBIS_USDT_Perp	235.28	0	get 0.0000% / 8h	5h 05m	$5K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Nado. 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 NadobpFee GRVTbpOrdersPrice spread, now −0.046%Rate

Funding earned: $1
Price spread: −0.046% → 0.000%: −$4.57
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$19.57
Costs to cover: 0.160%
Break-even: 143.9 days

Slippage unknown: Nado: no order-book sample; GRVT: live order book, 52 min ago. 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 Nado no order-book sample	—	—	—	—	—
Sell GRVT live order book, 52 min ago	1.92 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit

Nado: 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
Nado NBIS-PERPlong	−0.0005%	1h	235.39	long leg	$64K	$99K	3x
Bybit NBISUSDT	0.0000%	8h	235.52	+0.056%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.47	+0.035%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.51	+0.052%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.51	+0.052%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perpshort	0.0000%	8h	235.28	−0.046%	$5K	$120K	10x
SunX NBIS-USDT	0.0000%	8h	235.52	+0.056%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.47	+0.035%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.29	−0.041%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.53	+0.061%	$1.6M	$960K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0023%	1h	235.50	+0.048%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.20	−0.080%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.77	+0.163%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.48	+0.039%	$150K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.47	+0.035%	$61	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.42	+0.014%	$165K	$500K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0070%	1h	235.42	+0.014%	$55.2M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0075%	8h	235.50	+0.047%	$2.9M	$565K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.31	−0.033%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.53	+0.061%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.51	+0.052%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.35	−0.016%	$389K	$725K	10x	as long as short
Aster NBISUSDT	+0.0116%	8h	235.48	+0.040%	$81K	$307K	50x	as long as short
Extended NBIS-USD	+0.0120%	1h	235.48	+0.039%	$147K	$706K	10x	as long as short
Binance NBISUSDT	+0.0121%	8h	235.54	+0.065%	$19.2M	$84.5M	25x	as long as short
BloFin NBIS-USDT	+0.0123%	8h	235.44	+0.022%	$206K	$205K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0151%	1h	235.32	−0.028%	$24K	$15K	20x	as long as short
Lighter NBIS	+0.0272%	1h	235.56	+0.073%	$902K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	235.19	−0.084%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0525%	1h	235.36	−0.012%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0729%	4h	235.26	−0.056%	$38K	$226K	10x	as long as short