Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.037%

Price spread now: Bitget against OKX−0.017%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

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

costs, in and out, $10k−$540.542% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.017%, 7d avg +0.005%

Together, before fees+0.095%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.022% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NBIS-USDT-SWAP	230.82	0	get 0.0000% / 8h	6h 19m	$3.3M	$16.5M	25x
Short	Bitget NBISUSDT	230.78	0	get 0.0000% / 8h	6h 19m	$2.3M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → +0.005%: −$2.22
Slippage, 4 orders: −$32.19
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.41
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 2 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 OKX live order book, 2 min ago	1.52 bp	12.3 bp −$12	30.2 bp −$302	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.73 bp	13.8 bp −$14	22.4 bp −$224	34.9 bp −$3,487	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
Deribit NBIS_USDC-PERPETUAL	−0.0053%	1h	230.79	−0.013%	$34K	$50K	10x	as long as short
OKX NBIS-USDT-SWAPlong	0.0000%	8h	230.82	long leg	$3.3M	$16.5M	25x
Gate NBIS_USDT	0.0000%	8h	230.90	+0.035%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDTshort	0.0000%	8h	230.78	−0.017%	$2.3M	$4.7M	20x
SunX NBIS-USDT	0.0000%	8h	230.86	+0.017%	$1K	$1.5M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.79	−0.013%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.92	+0.043%	$1.6M	$970K	10x	as long as short
Variational Omni NBIS	+0.0010%	8h	230.73	−0.038%	$2.8M	$642K	—	as long as short
Aster NBISUSDT	+0.0030%	8h	230.92	+0.042%	$74K	$315K	50x	as long as short
Bybit NBISUSDT	+0.0032%	8h	230.82	0.000%	$4.9M	$6.8M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin NBIS-USDT	+0.0042%	8h	230.77	−0.022%	$205K	$219K	20x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.99	+0.074%	—	$250K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.81	−0.004%	$138K	$472K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.84	+0.009%	$65	$19K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.68	−0.061%	$151K	$538K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	230.79	−0.013%	$1.5M	$3.7M	10x	as long as short
Binance NBISUSDT	+0.0062%	8h	230.88	+0.024%	$19.6M	$91.5M	25x	as long as short
Extended NBIS-USD	+0.0064%	1h	230.85	+0.013%	$145K	$854K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.69	−0.056%	$380K	$873K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.71	−0.048%	$468K	$144K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.91	+0.039%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.88	+0.028%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0140%	1h	230.77	−0.020%	$38K	$116K	3x	as long as short
Arcus NBIS-USD	+0.0257%	1h	230.71	−0.048%	$42K	$122K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0302%	1h	230.78	−0.017%	$54.2M	$20.4M	10x	as long as short
Phoenix NBIS	+0.0347%	1h	230.98	+0.069%	$7K	$127K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0353%	8h	230.77	−0.022%	$5K	$104K	10x	as long as short
Lighter NBIS	+0.0400%	1h	230.84	+0.009%	$934K	$4.1M	10x	as long as short
Entropy io:NBIS	+0.0656%	1h	230.76	−0.026%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0705%	4h	230.90	+0.033%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0770%	1h	230.69	−0.057%	$22K	$11K	20x	as long as short