Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: GRVT against OKX+0.100%101s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.444% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.100%, 7d avg +0.018%

Together, before fees+0.044%+ Points / potential airdropGRVT: Active · farm board+$4 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: GRVT is 0.082% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 101 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	OKX NBIS-USDT-SWAP	230.39	0	get 0.0000% / 8h	2h 27m	$3.3M	$16.0M	25x
Short	GRVT NBIS_USDT_Perp	230.62	0	get 0.0000% / 8h	2h 27m	$5K	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.018%: $8.19
Slippage, 4 orders: −$25.37
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$36.18
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; GRVT: live order book, 15 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	1.95 bp	9.4 bp −$9	26.2 bp −$262	doesn't fit	doesn't fit
Sell GRVT live order book, 15 min ago	1.73 bp	13.8 bp −$14	26.8 bp −$268	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
Bitget NBISUSDT	−0.0420%	8h	230.48	+0.039%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0024%	8h	231.08	+0.299%	$206K	$205K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	−0.0010%	1h	230.30	−0.039%	$34K	$49K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	230.45	+0.025%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.32	−0.032%	$144K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.36	−0.012%	$18.4M	$86.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.34	−0.022%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAPlong	0.0000%	8h	230.39	long leg	$3.3M	$16.0M	25x
Gate NBIS_USDT	0.0000%	8h	230.44	+0.022%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.59	+0.086%	$2.9M	$555K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NBIS_USDT_Perpshort	0.0000%	8h	230.62	+0.100%	$5K	$118K	10x
SunX NBIS-USDT	0.0000%	8h	230.61	+0.095%	$759	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.89	+0.217%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.43	+0.017%	$1.6M	$955K	10x	as long as short
Nado NBIS-PERP	+0.0009%	1h	230.57	+0.077%	$37K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0029%	1h	230.49	+0.043%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.66	+0.117%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.55	+0.069%	—	$219K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.40	+0.004%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.43	+0.017%	$92	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.75	+0.156%	$159K	$531K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0057%	1h	230.33	−0.026%	$53.5M	$20.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.45	+0.026%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.43	+0.017%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.40	+0.003%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	230.62	+0.100%	$353K	$792K	10x	as long as short
Lighter NBIS	+0.0208%	1h	230.39	0.000%	$915K	$3.9M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0224%	1h	230.31	−0.034%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	230.78	+0.169%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0296%	1h	230.56	+0.074%	$10.0M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0817%	4h	230.62	+0.098%	$37K	$227K	10x	as long as short