Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.017%

Price spread now: Extended against OKX−0.022%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$420.425% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.022%, 7d avg −0.033%

Together, before fees−0.060%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NBIS-USDT-SWAP	235.36	0	get 0.0000% / 8h	4h 17m	$3.4M	$16.2M	25x
Short	Extended NBIS-USD	235.31	0.0048	get 0.0006% / 1h	17m 48s	$150K	$701K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.022%Rate

Funding earned: $10.08
Price spread: −0.022% → −0.033%: $1.07
Slippage, 4 orders: −$27.45
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.3
Costs to cover: 0.425%
Break-even: 28.7 days

Slippage from OKX: live order book, 1 min ago; Extended: live order book, 40 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, 1 min ago	0.43 bp	7.8 bp −$8	24.8 bp −$248	doesn't fit	doesn't fit
Sell Extended live order book, 40 min ago	2.12 bp	11.7 bp −$12	168.6 bp −$1,686	doesn't fit	doesn't fit

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-PERP	−0.0088%	1h	235.26	−0.043%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.49	+0.055%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAPlong	0.0000%	8h	235.36	long leg	$3.4M	$16.2M	25x
Gate NBIS_USDT	0.0000%	8h	235.37	+0.004%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.38	+0.008%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.53	+0.071%	$2.9M	$562K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.52	+0.069%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.36	0.000%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.41	+0.021%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.41	+0.021%	$1.6M	$955K	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	+0.0038%	1h	235.29	−0.030%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.27	−0.038%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.62	+0.110%	—	$216K	5x	as long as short
Aster NBISUSDT	+0.0046%	8h	235.34	−0.008%	$79K	$310K	50x	as long as short
Extended NBIS-USDshort	+0.0048%	1h	235.31	−0.022%	$150K	$701K	10x
Binance NBISUSDT	+0.0049%	8h	235.37	+0.004%	$19.4M	$84.5M	25x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.29	−0.030%	$54.8M	$19.8M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.26	−0.042%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.30	−0.025%	$38	$21K	10x	as long as short
BloFin NBIS-USDT	+0.0050%	8h	235.39	+0.013%	$207K	$205K	20x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.54	+0.076%	$161K	$503K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.56	+0.085%	$389K	$724K	10x	as long as short
edgeX NBISUSDC	+0.0095%	4h	235.47	+0.048%	$38K	$226K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.18	−0.076%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.33	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.32	−0.017%	—	—	10x	as long as short
Lighter NBIS	+0.0112%	1h	235.44	+0.034%	$903K	$4.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0218%	1h	235.31	−0.021%	$35K	$48K	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.43	+0.030%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0408%	1h	235.37	+0.004%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.30	−0.027%	$24K	$15K	20x	as long as short