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

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.053%
Price spread now: tradeXYZ against Polymarket Perps−0.128%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$360.360% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.239%+$24 on $10k
Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.128%, 7d avg +0.008%
Together, before fees+0.271%+ Points / potential airdroptradeXYZ: Active · farm board+$27 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.136% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps NBIS-USD234.020.0050pay 0.0006% / 1h41m 42s$147K$456K10x
ShorttradeXYZ xyz:NBIS233.720.0050get 0.0006% / 1h41m 42s$54.5M$20.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$0
Price spread: −0.128% → +0.008%
−$13.59
Slippage, 4 orders
−$9.96
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$49.55
Costs to cover
0.360%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 11 min ago; tradeXYZ: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 11 min ago2.56 bp6.6 bp −$77.3 bp −$7333.0 bp −$3,295doesn't fit
Sell tradeXYZ live order book, 8 min ago1.07 bp10.9 bp −$1113.8 bp −$138doesn't fitdoesn't fit

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
Aster NBISUSDT0.0000%8h234.25+0.100%$79K$310K50xas long as short
Extended NBIS-USD0.0000%1h233.95−0.032%$147K$699K10xas long as short
Binance NBISUSDT0.0000%8h233.75−0.115%$19.2M$84.6M25xas long as short
Bybit NBISUSDT0.0000%8h233.98−0.017%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h233.79−0.098%$3.4M$16.1M25xas long as short
Gate NBIS_USDT0.0000%8h234.06+0.017%$2.7M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h233.97−0.021%$2.4M$4.4M20xas long as short
Variational Omni NBIS0.0000%8h234.44+0.179%$2.9M$557Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.45+0.183%$4K$120K10xas long as short
SunX NBIS-USDT0.0000%8h234.22+0.085%$850$1.7M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX NBIS-USDT0.0000%8h234.45+0.184%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h234.15+0.056%$1.6M$954K10xas long as short
BloFin NBIS-USDT+0.0009%8h234.21+0.081%$207K$206K20xas long as short
QFEX NBIS-USD+0.0034%1h234.10+0.034%$1.5M$4.0M10xas long as short
Nado NBIS-PERP+0.0036%1h234.01−0.006%$38K$115K3xas long as short
Arcus NBIS-USD+0.0040%1h234.11+0.038%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.28+0.111%$216K5xas long as short
Kraken Futures PF_NBISUSD+0.0048%1h234.07+0.021%$23K$15K20xas long as short
tradeXYZ xyz:NBISshort+0.0050%1h233.72−0.128%$54.5M$20.0M10x
Polymarket Perps NBIS-USDlong+0.0050%1h234.02long leg$147K$456K10x
SoDEX NBIS-USD+0.0050%1h234.09+0.030%$84$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h234.18+0.068%$160K$502K10xas long as short
KuCoin NBISUSDTM+0.0100%8h233.99−0.013%$482K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h234.08+0.026%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h234.07+0.023%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h235.56+0.658%$389K$724K10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0220%1h234.06+0.017%$35K$49K10xas long as short
Lighter NBIS+0.0224%1h233.82−0.085%$912K$3.9M10xas long as short
Phoenix NBIS+0.0239%1h234.36+0.145%$7K$150K10xas long as short
Entropy io:NBIS+0.0309%1h234.00−0.009%$10.2M$3.2M10xas long as short
edgeX NBISUSDC+0.0720%4h234.32+0.130%$38K$227K10xas long as short