Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: SunX against Polymarket Perps+0.150%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1431.431% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.150%, 7d avg +0.013%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.137% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of +0.013%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NBIS-USD	226.67	0.0050	pay 0.0006% / 1h	28m 09s	$134K	$466K	10x
Short	SunX NBIS-USDT	227.01	0	get 0.0000% / 8h	7h 28m	$1K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$10.5
Price spread: +0.150% → +0.013%: $13.69
Slippage, 4 orders: −$127.13
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$139.94
Costs to cover: 1.431%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 69 min ago; SunX: live order book, 7 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, 69 min ago	2.60 bp	7.9 bp −$8	8.4 bp −$84	34.9 bp −$3,488	doesn't fit
Sell SunX live order book, 7 min ago	45.21 bp	64.3 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
Bitget NBISUSDT	−0.0242%	8h	226.94	+0.119%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0010%	8h	227.05	+0.168%	$202K	$211K	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	227.70	+0.454%	$353K	$800K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	226.87	+0.088%	$80K	$313K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	226.95	+0.123%	$145K	$854K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	227.01	+0.149%	$18.4M	$89.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	226.98	+0.137%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	226.78	+0.049%	$3.2M	$15.9M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	226.86	+0.084%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	227.51	+0.372%	$2.8M	$596K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NBIS_USDT_Perp	0.0000%	8h	227.49	+0.362%	$4K	$113K	10x	as long as short
SunX NBIS-USDTshort	0.0000%	8h	227.01	+0.150%	$1K	$1.6M	10x
HTX NBIS-USDT	0.0000%	8h	227.25	+0.256%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	227.06	+0.172%	$1.5M	$971K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	226.70	+0.013%	$41K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	226.69	+0.009%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USDlong	+0.0050%	1h	226.67	long leg	$134K	$466K	10x
SoDEX NBIS-USD	+0.0050%	1h	226.81	+0.062%	$64	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	226.75	+0.035%	$146K	$532K	10x	as long as short
Nado NBIS-PERP	+0.0063%	1h	226.72	+0.023%	$38K	$116K	3x	as long as short
QFEX NBIS-USD	+0.0064%	1h	226.90	+0.101%	$1.5M	$3.7M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0075%	1h	226.82	+0.066%	$52.9M	$21.5M	10x	as long as short
Lighter NBIS	+0.0096%	1h	226.91	+0.106%	$903K	$4.0M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	226.82	+0.066%	$466K	$67K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	226.85	+0.079%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	226.89	+0.097%	—	—	10x	as long as short
Phoenix NBIS	+0.0277%	1h	227.44	+0.340%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0291%	1h	227.11	+0.194%	$9.9M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0367%	1h	226.95	+0.124%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0688%	1h	226.89	+0.096%	$21K	$16K	20x	as long as short
edgeX NBISUSDC	+0.0926%	4h	227.34	+0.296%	$37K	$228K	10x	as long as short