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

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against Phemex−0.017%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NBISUSDT235.010get 0.0000% / 8h19m 43s$1.6M$974K10x
ShortOrderly PERP_NBIS_USDC_mythos234.970.0100get 0.0100% / 8h19m 43s$2K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$21
Price spread: −0.017% → 0.000%
−$1.7
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
$1.3
Costs to cover
0.180%
Break-even
6.6 days
Slippage unknown: Phemex: live order book, 3 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago2.34 bp43.5 bp −$43doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
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 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
Bybit NBISUSDT0.0000%8h234.97−0.017%$5.2M$6.5M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h234.92−0.038%$3.4M$17.1M25xas long as short
Gate NBIS_USDT0.0000%8h234.93−0.034%$2.8M$5.3M50xas long as short
Bitget NBISUSDT0.0000%8h234.88−0.055%$2.5M$4.8M20xas long as short
SunX NBIS-USDT0.0000%8h235.00−0.004%$1K$1.8M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h234.81−0.085%$35K$48K10xas long as short
Coinbase International NBIS-PERP-INTX0.0000%1h233.76−0.532%$358K$676K10xas long as short
HTX NBIS-USDT0.0000%8h236.05+0.443%$15K$115K20xas long as short
Phemex NBISUSDTlong0.0000%8h235.01long leg$1.6M$974K10x
Vest NBIS-USD-PERP+0.0046%1h235.10+0.038%$234K5xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps NBIS-USD+0.0050%1h234.94−0.030%$150K$723K10xas long as short
SoDEX NBIS-USD+0.0050%1h234.96−0.021%$33$20K10xas long as short
QFEX NBIS-USD+0.0051%1h234.95−0.026%$1.5M$5.2M10xas long as short
Ondo Perps NBIS-USD.P+0.0081%1h234.89−0.051%$174K$499K10xas long as short
KuCoin NBISUSDTM+0.0100%8h234.74−0.115%$484K$25K20xas long as short
Orderly PERP_NBIS_USDC_mythosshort+0.0100%8h234.97−0.017%$2K$3K10x
Aevo NBIS-PERP+0.0104%1h235.01−0.002%10xas long as short
Nado NBIS-PERP+0.0192%1h234.79−0.094%$28K$63K3xas long as short
Variational Omni NBIS+0.0221%8h234.86−0.062%$2.9M$822Kas long as short
Aster NBISUSDT+0.0235%8h234.81−0.084%$79K$306K50xas long as short
BloFin NBIS-USDT+0.0236%8h234.87−0.060%$206K$214K20xas long as short
Kraken Futures PF_NBISUSD+0.0248%1h234.67−0.144%$24K$14K20xas long as short
GRVT NBIS_USDT_Perp+0.0252%8h234.83−0.077%$5K$139K10xas long as short
Binance NBISUSDT+0.0253%8h234.94−0.030%$19.4M$86.5M25xas long as short
Extended NBIS-USD+0.0256%1h234.93−0.036%$144K$699K10xas long as short
Arcus NBIS-USD+0.0269%1h234.90−0.047%$44K$134K5xas long as short
tradeXYZ xyz:NBIS+0.0303%1h234.98−0.013%$54.8M$23.4M10xas long as short
edgeX NBISUSDC+0.0366%4h234.75−0.112%$38K$235K10xas long as short
Phoenix NBIS+0.0376%1h235.010.000%$7K$163K10xas long as short
Lighter NBIS+0.0376%1h235.06+0.021%$934K$4.6M10xas long as short
Entropy io:NBIS+0.0486%1h234.84−0.072%$10.3M$3.4M10xas long as short