Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h —

Price spread now: Aevo against SoDEX−0.041%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.041% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 7.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NBIS-USD	231.25	0.0085	pay 0.0011% / 1h	36m 44s	$93	$20K	10x
Short	Aevo NBIS-PERP	231.15	0.0104	get 0.0013% / 1h	36m 44s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SoDEX. 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 SoDEXbpFee AevobpOrdersPrice spread, now −0.041%Rate

Funding earned: $3.96
Price spread: −0.041% → 0.000%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$24.15
Costs to cover: 0.240%
Break-even: 49.7 days

Slippage unknown: SoDEX: no order-book sample; Aevo: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

SoDEX and Aevo: 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 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	−0.0456%	8h	231.44	+0.082%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.22	−0.012%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.36	+0.048%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.30	+0.022%	$18.6M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.27	+0.009%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.18	−0.030%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.31	+0.026%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.45	+0.086%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.29	+0.017%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.35	+0.043%	$992	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.29	+0.017%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.32	+0.030%	$1.6M	$968K	10x	as long as short
BloFin NBIS-USDT	+0.0008%	8h	231.36	+0.048%	$203K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.13	−0.052%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.25	0.000%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.09	−0.069%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.13	−0.052%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.52	+0.117%	$151K	$544K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.372%	$353K	$814K	10x	as long as short
SoDEX NBIS-USDlong	+0.0085%	1h	231.25	long leg	$93	$20K	10x
KuCoin NBISUSDTM	+0.0100%	8h	231.07	−0.078%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.20	−0.022%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPshort	+0.0104%	1h	231.15	−0.041%	—	—	10x
tradeXYZ xyz:NBIS	+0.0142%	1h	231.19	−0.026%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERP	+0.0161%	1h	230.90	−0.151%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.13	−0.052%	$7K	$125K	10x	as long as short
Lighter NBIS	+0.0368%	1h	231.30	+0.022%	$932K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0428%	1h	231.15	−0.043%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0453%	4h	231.23	−0.007%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.13	−0.050%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.1049%	1h	231.16	−0.039%	$34K	$49K	10x	as long as short