Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against Phemex−0.017%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$230as in the Price arb table

costs, in and out, $10k−$2292.293% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.017%, 7d avg −0.010%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NBISUSDT	235.08	0	get 0.0000% / 8h	17m 05s	$1.6M	$974K	10x
Short	SunX NBIS-USDT	235.04	0	get 0.0000% / 8h	17m 05s	$1K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.010%: −$0.65
Slippage, 4 orders: −$209.28
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$229.94
Costs to cover: 2.293%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; SunX: live order book, 8 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 Phemex live order book, 1 min ago	1.91 bp	48.5 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	44.93 bp	64.1 bp −$64	doesn't fit	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	235.12	+0.017%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.10	+0.009%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.02	−0.026%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.01	−0.030%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDTshort	0.0000%	8h	235.04	−0.017%	$1K	$1.8M	10x
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.90	−0.077%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.562%	$358K	$675K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.07	−0.004%	$15K	$115K	20x	as long as short
Phemex NBISUSDTlong	0.0000%	8h	235.08	long leg	$1.6M	$974K	10x
Vest NBIS-USD-PERP	+0.0046%	1h	235.21	+0.055%	—	$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	−0.017%	$150K	$723K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.05	−0.013%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.99	−0.038%	$1.5M	$5.2M	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0073%	1h	234.89	−0.081%	$174K	$499K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.80	−0.119%	$484K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.06	−0.009%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.10	+0.007%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0195%	1h	234.92	−0.068%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0221%	8h	234.86	−0.092%	$2.9M	$822K	—	as long as short
Aster NBISUSDT	+0.0236%	8h	235.23	+0.065%	$79K	$308K	50x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.76	−0.138%	$24K	$14K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0250%	8h	235.07	−0.004%	$5K	$139K	10x	as long as short
Binance NBISUSDT	+0.0254%	8h	235.06	−0.008%	$19.4M	$86.5M	25x	as long as short
Extended NBIS-USD	+0.0256%	1h	235.02	−0.025%	$141K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0264%	8h	235.12	+0.017%	$206K	$214K	20x	as long as short
Arcus NBIS-USD	+0.0269%	1h	235.00	−0.034%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0305%	1h	235.10	+0.009%	$54.8M	$23.4M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	235.07	−0.004%	$7K	$163K	10x	as long as short
Lighter NBIS	+0.0376%	1h	235.15	+0.030%	$934K	$4.6M	10x	as long as short
Entropy io:NBIS	+0.0487%	1h	234.95	−0.055%	$10.3M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0895%	4h	235.03	−0.022%	$38K	$235K	10x	as long as short