Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h +0.013%

Price spread now: Binance against SoDEX−0.043%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 Binance

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.043% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NBIS-USD	231.33	0.0065	pay 0.0008% / 1h	12m 45s	$83	$20K	10x
Short	Binance NBISUSDT	231.23	0	get 0.0000% / 8h	12m 45s	$18.8M	$87.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.043%Rate

Funding earned: −$13.57
Price spread: −0.043% → 0.000%: −$4.32
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.9
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 15 min ago. 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 Binance live order book, 15 min ago	0.22 bp	9.7 bp −$10	29.9 bp −$299	91.0 bp −$9,104	doesn't fit

SoDEX: 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	−0.0374%	8h	231.25	−0.035%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.23	−0.043%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.13	−0.088%	$144K	$878K	10x	as long as short
Binance NBISUSDTshort	0.0000%	8h	231.23	−0.043%	$18.8M	$87.9M	25x
Bybit NBISUSDT	0.0000%	8h	231.24	−0.039%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.19	−0.061%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.27	−0.026%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.19	−0.061%	$2.8M	$589K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.29	−0.017%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.40	+0.030%	$1K	$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	231.41	+0.035%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.43	+0.043%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0001%	8h	231.34	+0.004%	$204K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.08	−0.108%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.36	+0.013%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.20	−0.056%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.28	−0.022%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.12	−0.091%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.406%	$353K	$805K	10x	as long as short
SoDEX NBIS-USDlong	+0.0065%	1h	231.33	long leg	$83	$20K	10x
KuCoin NBISUSDTM	+0.0100%	8h	231.22	−0.048%	$476K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.39	+0.026%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.34	+0.004%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0114%	1h	231.24	−0.039%	$54.1M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0187%	1h	231.05	−0.121%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0280%	1h	231.16	−0.073%	$943K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.30	−0.013%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0419%	1h	231.22	−0.048%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.27	−0.025%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0615%	1h	231.30	−0.013%	$34K	$49K	10x	as long as short
edgeX NBISUSDC	+0.0839%	4h	231.21	−0.053%	$37K	$228K	10x	as long as short