Settings8H · net · $10k
Funding arb · Price arb /

NBIS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.028%
Price spread now: KuCoin against OKX−0.035%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1521.521% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.104%+$10 on $10k
Price spread, last 4 days (all we have)−0.155%−$15 · spread now −0.035%, 7d avg −0.059%
Together, before fees−0.051%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.024% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.059%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NBIS-USDT-SWAP230.600get 0.0000% / 8h1h 42m$3.3M$16.2M25x
ShortKuCoin NBISUSDTM230.520.0100get 0.0100% / 8h1h 42m$475K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$21
Price spread: −0.035% → −0.059%
$2.41
Slippage, 4 orders
−$130.09
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$128.68
Costs to cover
1.521%
Break-even
49.9 days
Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago1.95 bp10.6 bp −$1121.3 bp −$213doesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago23.88 bp62.1 bp −$62doesn't fitdoesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NBISUSDT−0.0468%8h230.55−0.022%$2.3M$4.6M20xas long as short
Aster NBISUSDT0.0000%8h230.57−0.012%$84K$311K50xas long as short
Extended NBIS-USD0.0000%1h230.45−0.065%$144K$678K10xas long as short
Binance NBISUSDT0.0000%8h230.50−0.043%$18.5M$87.3M25xas long as short
Bybit NBISUSDT0.0000%8h230.48−0.052%$4.9M$6.5M50xas long as short
OKX NBIS-USDT-SWAPlong0.0000%8h230.60long leg$3.3M$16.2M25x
Gate NBIS_USDT0.0000%8h230.600.000%$2.7M$5.1M50xas long as short
Variational Omni NBIS0.0000%8h230.87+0.119%$2.8M$602Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h230.91+0.133%$5K$116K10xas long as short
SunX NBIS-USDT0.0000%8h230.53−0.030%$1K$1.6M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit NBIS_USDC-PERPETUAL0.0000%1h230.40−0.087%$34K$49K10xas long as short
HTX NBIS-USDT0.0000%8h230.86+0.113%$15K$57K20xas long as short
Phemex NBISUSDT0.0000%8h230.62+0.009%$1.6M$963K10xas long as short
BloFin NBIS-USDT+0.0001%8h230.38−0.095%$203K$205K20xas long as short
Arcus NBIS-USD+0.0040%1h230.59−0.004%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h230.33−0.117%$221K5xas long as short
Polymarket Perps NBIS-USD+0.0050%1h230.41−0.082%$137K$473K10xas long as short
SoDEX NBIS-USD+0.0050%1h230.40−0.087%$88$20K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h230.31−0.126%$151K$547K10xas long as short
QFEX NBIS-USD+0.0056%1h230.44−0.069%$1.5M$3.9M10xas long as short
Nado NBIS-PERP+0.0064%1h230.41−0.081%$37K$115K3xas long as short
KuCoin NBISUSDTMshort+0.0100%8h230.52−0.035%$475K$20K20x
Orderly PERP_NBIS_USDC_mythos+0.0100%8h230.56−0.017%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h230.52−0.033%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0120%1h230.50−0.043%$350K$812K10xas long as short
tradeXYZ xyz:NBIS+0.0137%1h230.38−0.095%$54.2M$21.0M10xas long as short
Lighter NBIS+0.0192%1h230.63+0.013%$947K$4.0M10xas long as short
Phoenix NBIS+0.0311%1h230.96+0.156%$7K$150K10xas long as short
Entropy io:NBIS+0.0383%1h230.76+0.069%$10.0M$3.1M10xas long as short
edgeX NBISUSDC+0.0470%4h230.86+0.114%$37K$228K10xas long as short
Kraken Futures PF_NBISUSD+0.0686%1h230.49−0.048%$23K$15K20xas long as short