Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Deribit against Polymarket Perps+0.013%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NBIS-USD	233.66	0.0050	pay 0.0006% / 1h	58m 48s	$149K	$453K	10x
Short	Deribit NBIS_USDC-PERPETUAL	233.69	0.0050	get 0.0006% / 1h	58m 48s	$35K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$0.08
Price spread: +0.013% → 0.000%: $1.28
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$13.79
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 4 min ago; Deribit: 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 Polymarket Perps live order book, 4 min ago	2.35 bp	7.6 bp −$8	8.5 bp −$85	31.5 bp −$3,150	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Nado NBIS-PERP	−0.0152%	1h	233.60	−0.025%	$67K	$95K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.11	+0.193%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.04	+0.163%	$3.4M	$16.3M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.97	+0.133%	$2.8M	$4.9M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.08	+0.180%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.04	+0.164%	$5K	$128K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.63	−0.013%	$922	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.74	+0.034%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.92	+0.111%	$1.6M	$970K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.77	+0.047%	$1.5M	$4.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	233.78	+0.051%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.95	+0.124%	—	$215K	5x	as long as short
Deribit NBIS_USDC-PERPETUALshort	+0.0050%	1h	233.69	+0.013%	$35K	$48K	10x
Polymarket Perps NBIS-USDlong	+0.0050%	1h	233.66	long leg	$149K	$453K	10x
SoDEX NBIS-USD	+0.0050%	1h	233.71	+0.021%	$19	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.04	+0.163%	$164K	$497K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.88	+0.094%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.70	+0.017%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.71	+0.021%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.056%	$382K	$712K	10x	as long as short
Variational Omni NBIS	+0.0141%	8h	233.95	+0.126%	$2.8M	$570K	—	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	233.85	+0.080%	$24K	$15K	20x	as long as short
Aster NBISUSDT	+0.0154%	8h	234.12	+0.197%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0167%	8h	234.07	+0.175%	$19.1M	$84.7M	25x	as long as short
Extended NBIS-USD	+0.0168%	1h	233.91	+0.108%	$147K	$698K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0245%	1h	234.04	+0.163%	$54.6M	$19.9M	10x	as long as short
Lighter NBIS	+0.0248%	1h	234.17	+0.218%	$903K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.08	+0.180%	$7K	$149K	10x	as long as short
edgeX NBISUSDC	+0.0480%	4h	233.91	+0.105%	$38K	$227K	10x	as long as short
Entropy io:NBIS	+0.0557%	1h	233.99	+0.141%	$10.2M	$3.3M	10x	as long as short