Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0064%/8h= −7.1% APRpaid last 24h +0.010%

Price spread now: GRVT against QFEX+0.158%57s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$370.365% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now +0.158%, 7d avg +0.022%

Together, before fees+0.248%+ Points / potential airdropGRVT: Active · farm board+$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.136% dearer against QFEX than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of +0.022%): +$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 7.0 days. Mind the row above: over the last 4 days funding on this pair paid +0.076%, so the current rate has only just turned against you. The two prices were read 57 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	QFEX NBIS-USD	227.50	0.0064	pay 0.0008% / 1h	32m 25s	$1.5M	$3.7M	10x
Short	GRVT NBIS_USDT_Perp	227.86	0	get 0.0000% / 8h	7h 32m	$4K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against QFEX. 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 QFEXbpFee GRVTbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$13.52
Price spread: +0.158% → +0.022%: $13.62
Slippage, 4 orders: −$17.51
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$36.41
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; GRVT: live order book, 60 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 QFEX live order book, 6 min ago	2.62 bp	7.6 bp −$8	12.3 bp −$123	doesn't fit	doesn't fit
Sell GRVT live order book, 60 min ago	1.51 bp	10.4 bp −$10	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	−0.0257%	8h	227.30	−0.088%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0019%	8h	227.53	+0.013%	$201K	$211K	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	227.70	+0.088%	$353K	$800K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	227.65	+0.066%	$80K	$313K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	227.41	−0.037%	$145K	$870K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	227.44	−0.026%	$18.4M	$89.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	227.34	−0.070%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	227.13	−0.163%	$3.2M	$15.9M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	227.38	−0.053%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	227.92	+0.183%	$2.8M	$577K	—	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_Perpshort	0.0000%	8h	227.86	+0.158%	$4K	$114K	10x
SunX NBIS-USDT	0.0000%	8h	227.49	−0.004%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	227.78	+0.123%	$13K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	227.68	+0.079%	$1.5M	$971K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	227.39	−0.048%	$41K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	227.14	−0.158%	—	$242K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	227.30	−0.088%	$135K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	227.33	−0.075%	$64	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	227.42	−0.035%	$148K	$533K	10x	as long as short
QFEX NBIS-USDlong	+0.0064%	1h	227.50	long leg	$1.5M	$3.7M	10x
Nado NBIS-PERP	+0.0067%	1h	227.35	−0.064%	$38K	$116K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0083%	1h	227.30	−0.088%	$53.0M	$21.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	227.45	−0.022%	$468K	$61K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	227.47	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	227.68	+0.079%	—	—	10x	as long as short
Lighter NBIS	+0.0128%	1h	227.44	−0.026%	$909K	$4.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0190%	1h	227.38	−0.053%	$34K	$49K	10x	as long as short
Phoenix NBIS	+0.0277%	1h	227.44	−0.026%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0307%	1h	227.77	+0.119%	$9.9M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0686%	1h	227.39	−0.047%	$22K	$16K	20x	as long as short
edgeX NBISUSDC	+0.0927%	4h	227.79	+0.129%	$37K	$227K	10x	as long as short