Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h −0.037%

Price spread now: KuCoin against Nado−0.051%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 KuCoin

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 · farm boardneeds both histories

Funding pays, the price is against you. KuCoin is 0.051% cheaper against Nado than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 35 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	235.35	−0.0015	get 0.0002% / 1h	3m 03s	$64K	$100K	3x
Short	KuCoin NBISUSDTM	235.23	0.0100	get 0.0100% / 8h	5h 03m	$484K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.051%Rate

Funding earned: $24.15
Price spread: −0.051% → 0.000%: −$5.07
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.07
Costs to cover: 0.190%
Break-even: 7.0 days

Slippage unknown: Nado: no order-book sample; KuCoin: live order book, 20 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 KuCoin live order book, 20 min ago	21.76 bp	68.5 bp −$68	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	−0.0015%	1h	235.35	long leg	$64K	$100K	3x
Bybit NBISUSDT	0.0000%	8h	235.35	0.000%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.34	−0.004%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.38	+0.013%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.28	−0.029%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.56	+0.090%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.27	−0.034%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.22	−0.055%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.57	+0.094%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.38	+0.013%	$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	235.28	−0.029%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.27	−0.034%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.55	+0.085%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.30	−0.021%	$150K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.39	+0.017%	$56	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.52	+0.072%	$165K	$500K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0065%	1h	235.28	−0.029%	$55.2M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0075%	8h	235.50	+0.064%	$2.9M	$565K	—	as long as short
KuCoin NBISUSDTMshort	+0.0100%	8h	235.23	−0.051%	$484K	$21K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.40	+0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.36	+0.005%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.35	0.000%	$389K	$725K	10x	as long as short
Aster NBISUSDT	+0.0112%	8h	235.40	+0.022%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0116%	8h	235.34	−0.003%	$19.2M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0120%	1h	235.33	−0.006%	$147K	$706K	10x	as long as short
BloFin NBIS-USDT	+0.0145%	8h	235.27	−0.034%	$207K	$204K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0151%	1h	235.19	−0.067%	$24K	$15K	20x	as long as short
Lighter NBIS	+0.0264%	1h	235.41	+0.026%	$901K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	235.50	+0.064%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0518%	1h	235.39	+0.017%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0535%	4h	235.54	+0.083%	$38K	$227K	10x	as long as short