Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Phemex+0.321%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.321% dearer against Phemex than usual: you sell high and buy low, +$32 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NBISUSDT	233.72	0	get 0.0000% / 8h	5h 45m	$1.6M	$969K	10x
Short	HTX NBIS-USDT	234.47	0	get 0.0000% / 8h	5h 45m	$13K	$62K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now +0.321%Rate

Funding earned: $0
Price spread: +0.321% → 0.000%: $32.09
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: $8.09
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Phemex: live order book, 5 min ago; HTX: 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 Phemex live order book, 5 min ago	3.62 bp	47.4 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.55	−0.073%	$3.3M	$16.6M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.53	−0.081%	$2.7M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.56	−0.068%	$2.3M	$4.6M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.71	+0.424%	$951	$1.4M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.50	−0.094%	$35K	$49K	10x	as long as short
HTX NBIS-USDTshort	0.0000%	8h	234.47	+0.321%	$13K	$62K	20x
Phemex NBISUSDTlong	0.0000%	8h	233.72	long leg	$1.6M	$969K	10x
Vest NBIS-USD-PERP	+0.0046%	1h	234.33	+0.261%	—	$250K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.23	+0.218%	$152K	$534K	10x	as long as short
QFEX NBIS-USD	+0.0058%	1h	233.89	+0.073%	$1.6M	$3.6M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NBIS	+0.0097%	8h	234.69	+0.415%	$2.9M	$636K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.54	−0.077%	$473K	$183K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.78	+0.026%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.78	+0.027%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	234.06	+0.145%	$383K	$883K	10x	as long as short
Bybit NBISUSDT	+0.0113%	8h	233.67	−0.021%	$5.4M	$7.0M	50x	as long as short
Polymarket Perps NBIS-USD	+0.0136%	1h	233.69	−0.013%	$136K	$474K	10x	as long as short
Aster NBISUSDT	+0.0146%	8h	234.07	+0.151%	$75K	$314K	50x	as long as short
Extended NBIS-USD	+0.0176%	1h	233.51	−0.089%	$149K	$846K	10x	as long as short
BloFin NBIS-USDT	+0.0176%	8h	234.33	+0.261%	$157K	$217K	20x	as long as short
Binance NBISUSDT	+0.0181%	8h	233.63	−0.038%	$20.6M	$91.4M	25x	as long as short
Nado NBIS-PERP	+0.0249%	1h	233.64	−0.035%	$38K	$85K	3x	as long as short
Kraken Futures PF_NBISUSD	+0.0370%	1h	233.44	−0.119%	$22K	$11K	20x	as long as short
Phoenix NBIS	+0.0377%	1h	234.94	+0.522%	$7K	$127K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0404%	1h	233.60	−0.051%	$55.2M	$19.2M	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	233.88	+0.068%	$42K	$119K	5x	as long as short
Lighter NBIS	+0.0416%	1h	233.63	−0.039%	$944K	$3.8M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0550%	8h	234.83	+0.475%	$4K	$101K	10x	as long as short
edgeX NBISUSDC	+0.0702%	4h	234.68	+0.410%	$31K	$233K	10x	as long as short
SoDEX NBIS-USD	+0.0709%	1h	233.80	+0.034%	$79	$19K	10x	as long as short
Entropy io:NBIS	+0.0784%	1h	233.82	+0.043%	$10.2M	$3.0M	10x	as long as short