Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.005%

Price spread now: Extended against Orderly−0.027%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.027% cheaper against Orderly than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 32 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	Orderly PERP_NBIS_USDC_mythos	234.08	0.0100	pay 0.0100% / 8h	5h 57m	$2K	$3K	10x
Short	Extended NBIS-USD	234.02	0.0168	get 0.0021% / 1h	57m 30s	$147K	$698K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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 OrderlybpFee ExtendedbpOrdersPrice spread, now −0.027%Rate

Funding earned: $14.28
Price spread: −0.027% → 0.000%: −$2.73
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $0.55
Costs to cover: 0.110%
Break-even: 6.7 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 5 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 5 min ago	2.57 bp	12.5 bp −$13	118.0 bp −$1,180	doesn't fit	doesn't fit

Orderly: 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 30 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	233.89	−0.081%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.93	−0.064%	$3.4M	$16.3M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.10	+0.009%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.03	−0.021%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	233.90	−0.077%	$5K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.14	+0.026%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.74	−0.145%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.10	+0.009%	$1.6M	$969K	10x	as long as short
QFEX NBIS-USD	+0.0023%	1h	233.97	−0.047%	$1.5M	$4.4M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.86	−0.094%	$42K	$132K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado NBIS-PERP	+0.0040%	1h	233.98	−0.041%	$67K	$95K	3x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.14	+0.026%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.93	−0.064%	$149K	$453K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.04	−0.017%	$164K	$497K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.98	−0.043%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythoslong	+0.0100%	8h	234.08	long leg	$2K	$3K	10x
Aevo NBIS-PERP	+0.0104%	1h	234.07	−0.004%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.235%	$382K	$712K	10x	as long as short
SoDEX NBIS-USD	+0.0123%	1h	233.95	−0.056%	$5	$20K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0135%	1h	234.09	+0.004%	$35K	$48K	10x	as long as short
Variational Omni NBIS	+0.0141%	8h	233.95	−0.054%	$2.8M	$570K	—	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.21	+0.057%	$23K	$15K	20x	as long as short
Aster NBISUSDT	+0.0154%	8h	234.32	+0.105%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0165%	8h	233.98	−0.041%	$19.1M	$84.7M	25x	as long as short
Extended NBIS-USDshort	+0.0168%	1h	234.02	−0.027%	$147K	$698K	10x
Lighter NBIS	+0.0256%	1h	234.00	−0.034%	$903K	$4.3M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0266%	1h	233.94	−0.060%	$54.6M	$19.9M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.08	0.000%	$7K	$149K	10x	as long as short
edgeX NBISUSDC	+0.0480%	4h	233.91	−0.074%	$38K	$227K	10x	as long as short
Entropy io:NBIS	+0.0513%	1h	233.99	−0.038%	$10.2M	$3.3M	10x	as long as short