Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.034%

Price spread now: QFEX against OKX0.000%54s7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$320.320% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 7 days−0.002%$0 · spread now 0.000%, 7d avg −0.046%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.046% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.046%. The two prices were read 54 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	233.86	0	get 0.0000% / 8h	1h 03m	$3.4M	$17.0M	25x
Short	QFEX NBIS-USD	233.86	0.0038	get 0.0005% / 1h	3m 44s	$1.5M	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $8
Price spread: 0.000% → −0.046%: $4.57
Slippage, 4 orders: −$12.05
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$19.48
Costs to cover: 0.320%
Break-even: 24.1 days

Slippage from OKX: live order book, 5 min ago; QFEX: live order book, 5 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, 5 min ago	0.21 bp	8.9 bp −$9	25.7 bp −$257	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.92 bp	7.7 bp −$8	10.0 bp −$100	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
Bybit NBISUSDT	0.0000%	8h	233.97	+0.047%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAPlong	0.0000%	8h	233.86	long leg	$3.4M	$17.0M	25x
Gate NBIS_USDT	0.0000%	8h	233.90	+0.017%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.94	+0.034%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.95	+0.038%	$1K	$1.8M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.89	+0.013%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.98	+0.051%	$1.6M	$971K	10x	as long as short
QFEX NBIS-USDshort	+0.0038%	1h	233.86	0.000%	$1.5M	$5.1M	10x
Arcus NBIS-USD	+0.0040%	1h	233.90	+0.017%	$44K	$134K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.97	+0.047%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	+0.0049%	1h	233.82	−0.017%	$35K	$47K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.90	+0.017%	$132K	$683K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.94	+0.034%	$9	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0072%	1h	233.76	−0.043%	$358K	$701K	10x	as long as short
Variational Omni NBIS	+0.0092%	8h	233.80	−0.024%	$2.9M	$825K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.69	−0.073%	$482K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.93	+0.030%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.91	+0.023%	—	—	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0132%	1h	233.80	−0.026%	$173K	$498K	10x	as long as short
Aster NBISUSDT	+0.0135%	8h	233.83	−0.014%	$79K	$304K	50x	as long as short
Extended NBIS-USD	+0.0144%	1h	233.94	+0.036%	$142K	$697K	10x	as long as short
Binance NBISUSDT	+0.0148%	8h	233.99	+0.055%	$19.4M	$86.8M	25x	as long as short
GRVT NBIS_USDT_Perp	+0.0155%	8h	233.87	+0.003%	$5K	$142K	10x	as long as short
BloFin NBIS-USDT	+0.0163%	8h	233.91	+0.021%	$206K	$214K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0219%	1h	233.90	+0.017%	$54.5M	$23.4M	10x	as long as short
Lighter NBIS	+0.0256%	1h	234.00	+0.060%	$930K	$4.6M	10x	as long as short
Nado NBIS-PERP	+0.0266%	1h	233.78	−0.036%	$28K	$63K	3x	as long as short
Entropy io:NBIS	+0.0337%	1h	233.89	+0.013%	$10.2M	$3.3M	10x	as long as short
Phoenix NBIS	+0.0343%	1h	234.04	+0.077%	$7K	$185K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0346%	1h	233.81	−0.021%	$24K	$13K	20x	as long as short
edgeX NBISUSDC	+0.0512%	4h	233.81	−0.022%	$37K	$234K	10x	as long as short