Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h −0.004%

Price spread now: Ondo Perps against OKX−0.060%7-day average −0.020% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.060%, 7d avg −0.020%

Together, before fees+0.070%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.039% cheaper against OKX than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.020%). If the spread goes back, that is −$4 on $10k: about 43 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NBIS-USDT-SWAP	235.03	0	get 0.0000% / 8h	17m 27s	$3.4M	$17.1M	25x
Short	Ondo Perps NBIS-USD.P	234.89	0.0073	get 0.0009% / 1h	17m 27s	$174K	$499K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.060%Rate

Funding earned: $15.29
Price spread: −0.060% → −0.020%: −$3.95
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.66
Costs to cover: 0.150%
Break-even: 8.7 days

Slippage unknown: OKX: live order book, 1 min ago; Ondo Perps: no order-book sample. 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 OKX live order book, 1 min ago	1.28 bp	8.4 bp −$8	25.3 bp −$253	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Bybit NBISUSDT	0.0000%	8h	235.10	+0.030%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAPlong	0.0000%	8h	235.03	long leg	$3.4M	$17.1M	25x
Gate NBIS_USDT	0.0000%	8h	235.02	−0.004%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.00	−0.013%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.08	+0.021%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.93	−0.043%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.540%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	236.05	+0.434%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.07	+0.017%	$1.6M	$973K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.21	+0.077%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	235.04	+0.004%	$150K	$723K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.03	0.000%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.99	−0.017%	$1.5M	$5.2M	10x	as long as short
Ondo Perps NBIS-USD.Pshort	+0.0073%	1h	234.89	−0.060%	$174K	$499K	10x
KuCoin NBISUSDTM	+0.0100%	8h	234.78	−0.106%	$484K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.04	+0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.06	+0.014%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0195%	1h	234.92	−0.047%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0221%	8h	234.86	−0.071%	$2.9M	$822K	—	as long as short
Aster NBISUSDT	+0.0236%	8h	235.24	+0.090%	$79K	$308K	50x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.75	−0.119%	$24K	$14K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0250%	8h	235.07	+0.017%	$5K	$139K	10x	as long as short
Binance NBISUSDT	+0.0254%	8h	235.03	0.000%	$19.4M	$86.5M	25x	as long as short
Extended NBIS-USD	+0.0256%	1h	235.00	−0.014%	$141K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0262%	8h	234.98	−0.021%	$206K	$214K	20x	as long as short
Arcus NBIS-USD	+0.0269%	1h	235.00	−0.013%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0305%	1h	235.10	+0.030%	$54.8M	$23.4M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	235.01	−0.009%	$7K	$163K	10x	as long as short
Lighter NBIS	+0.0376%	1h	235.12	+0.038%	$934K	$4.6M	10x	as long as short
Entropy io:NBIS	+0.0487%	1h	234.95	−0.034%	$10.3M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0895%	4h	235.03	0.000%	$38K	$235K	10x	as long as short