Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h −0.058%

Price spread now: HTX against Nado−0.056%7-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 HTX

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

Funding pays, the price is against you. HTX is 0.056% cheaper against Nado than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 46 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NBIS-PERP	230.81	0.0102	pay 0.0013% / 1h	57m 38s	$38K	$116K	3x
Short	HTX NBIS-USDT	230.68	0.0199	get 0.0199% / 8h	6h 57m	$13K	$62K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $20.33
Price spread: −0.056% → 0.000%: −$5.57
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$4.23
Costs to cover: 0.190%
Break-even: 8.5 days

Slippage unknown: Nado: live order book, 31 min ago; HTX: 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 Nado live order book, 31 min ago	12.56 bp	28.6 bp −$29	112.3 bp −$1,123	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	−0.0058%	8h	230.82	+0.005%	$2.3M	$4.6M	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.82	+0.005%	$3.3M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.92	+0.048%	$2.7M	$5.0M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.37	−0.189%	$2.8M	$601K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	230.97	+0.070%	$1K	$1.6M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.92	+0.048%	$1.6M	$971K	10x	as long as short
Aster NBISUSDT	+0.0021%	8h	230.74	−0.029%	$74K	$320K	50x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.92	+0.048%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.93	+0.053%	$138K	$467K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.75	−0.025%	$149K	$536K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	+0.0053%	1h	230.83	+0.009%	$34K	$50K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	231.03	+0.096%	$1.6M	$3.7M	10x	as long as short
Extended NBIS-USD	+0.0056%	1h	230.81	−0.001%	$144K	$856K	10x	as long as short
BloFin NBIS-USDT	+0.0060%	8h	230.86	+0.022%	$201K	$215K	20x	as long as short
Binance NBISUSDT	+0.0060%	8h	230.92	+0.048%	$18.8M	$90.6M	25x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.78	−0.012%	$382K	$869K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.77	−0.017%	$468K	$103K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.90	+0.040%	$2K	$3K	10x	as long as short
Nado NBIS-PERPlong	+0.0102%	1h	230.81	long leg	$38K	$116K	3x
Aevo NBIS-PERP	+0.0104%	1h	230.90	+0.041%	—	—	10x	as long as short
Bybit NBISUSDT	+0.0196%	8h	230.96	+0.066%	$4.9M	$6.8M	50x	as long as short
HTX NBIS-USDTshort	+0.0199%	8h	230.68	−0.056%	$13K	$62K	20x
Arcus NBIS-USD	+0.0257%	1h	230.86	+0.022%	$42K	$124K	5x	as long as short
Phoenix NBIS	+0.0277%	1h	230.60	−0.090%	$7K	$125K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0340%	1h	230.90	+0.040%	$54.2M	$22.0M	10x	as long as short
Lighter NBIS	+0.0344%	1h	231.01	+0.087%	$930K	$4.0M	10x	as long as short
SoDEX NBIS-USD	+0.0438%	1h	230.94	+0.057%	$74	$20K	10x	as long as short
edgeX NBISUSDC	+0.0595%	4h	230.41	−0.175%	$37K	$228K	10x	as long as short
Entropy io:NBIS	+0.0767%	1h	230.69	−0.051%	$10.1M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0769%	1h	231.01	+0.089%	$22K	$16K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0817%	8h	230.41	−0.173%	$5K	$114K	10x	as long as short