NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.064%

Price spread now: Coinbase International against Polymarket Perps−0.714%47s7-day average +0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

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

costs, in and out, $10k−$420.424% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.434%+$43 on $10k

Price spread, last 4 days (all we have)+0.974%+$97 · spread now −0.714%, 7d avg +0.102%

Together, before fees+1.408%+$141 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.816% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.714% now, against its 7-day average of +0.102%). If the spread goes back, that is −$82 on $10k: about 50 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.434% in total) that is about 13 days. The two prices were read 47 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	Polymarket Perps NBIS-USD	235.21	0.0050	pay 0.0006% / 1h	10m 35s	$150K	$453K	10x
Short	Coinbase International NBIS-PERP-INTX	233.53	0.0104	get 0.0013% / 1h	10m 35s	$382K	$712K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. 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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now −0.714%Rate

Funding earned: $11.34
Price spread: −0.714% → +0.102%: −$81.65
Slippage, 4 orders: −$24.37
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$112.68
Costs to cover: 0.424%
Break-even: 76.6 days

Slippage from Polymarket Perps: live order book, 52 min ago; Coinbase International: live order book, 53 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 Polymarket Perps live order book, 52 min ago	2.35 bp	7.6 bp −$8	8.5 bp −$85	31.5 bp −$3,150	doesn't fit
Sell Coinbase International live order book, 53 min ago	9.19 bp	14.2 bp −$14	19.1 bp −$191	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	235.24	+0.013%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.17	−0.017%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.27	+0.026%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.24	+0.013%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.19	−0.009%	$4K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.15	−0.026%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.19	−0.009%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.24	+0.013%	$1.6M	$961K	10x	as long as short
Nado NBIS-PERP	+0.0004%	1h	235.10	−0.047%	$64K	$99K	3x	as long as short
QFEX NBIS-USD	+0.0023%	1h	235.20	−0.004%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.98	−0.098%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.40	+0.081%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USDlong	+0.0050%	1h	235.21	long leg	$150K	$453K	10x
SoDEX NBIS-USD	+0.0050%	1h	235.20	−0.004%	$52	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.00	−0.089%	$164K	$499K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0079%	1h	235.17	−0.017%	$55.1M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0085%	8h	235.11	−0.043%	$2.9M	$566K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.01	−0.085%	$484K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.21	0.000%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.18	−0.014%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0104%	1h	233.53	−0.714%	$382K	$712K	10x
BloFin NBIS-USDT	+0.0109%	8h	235.12	−0.038%	$207K	$204K	20x	as long as short
Aster NBISUSDT	+0.0120%	8h	235.15	−0.024%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0126%	8h	235.30	+0.036%	$19.2M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0128%	1h	235.23	+0.009%	$147K	$706K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0151%	1h	235.14	−0.028%	$24K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0218%	1h	235.18	−0.013%	$35K	$48K	10x	as long as short
Lighter NBIS	+0.0280%	1h	235.31	+0.043%	$900K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	235.09	−0.051%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0528%	1h	235.11	−0.043%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0850%	4h	235.15	−0.026%	$38K	$225K	10x	as long as short