Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0709%/8h= −77.6% APRpaid last 24h −0.020%

Price spread now: OKX against SoDEX−0.107%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 OKX

What this pair did over the last

the charts below follow

Funding, last 4 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 −$21 a day on $10k at the current rate, and OKX is 0.107% cheaper against SoDEX than usual: you would sell low and buy high (−$11 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	233.80	0.0709	pay 0.0089% / 1h	45m 51s	$79	$19K	10x
Short	OKX NBIS-USDT-SWAP	233.55	0	get 0.0000% / 8h	5h 45m	$3.3M	$16.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$148.9
Price spread: −0.107% → 0.000%: −$10.69
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$177.6
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	1.07 bp	10.5 bp −$10	30.4 bp −$304	doesn't fit	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 exchanges

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
OKX NBIS-USDT-SWAPshort	0.0000%	8h	233.55	−0.107%	$3.3M	$16.6M	25x
Gate NBIS_USDT	0.0000%	8h	233.53	−0.115%	$2.7M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.56	−0.103%	$2.3M	$4.6M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.71	+0.389%	$951	$1.4M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.50	−0.128%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.47	+0.287%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.72	−0.034%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.33	+0.227%	—	$250K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.23	+0.184%	$152K	$534K	10x	as long as short
QFEX NBIS-USD	+0.0058%	1h	233.89	+0.038%	$1.6M	$3.6M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NBIS	+0.0097%	8h	234.69	+0.381%	$2.9M	$636K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.54	−0.111%	$473K	$183K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.78	−0.009%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.78	−0.007%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	234.06	+0.111%	$383K	$883K	10x	as long as short
Bybit NBISUSDT	+0.0113%	8h	233.67	−0.056%	$5.4M	$7.0M	50x	as long as short
Polymarket Perps NBIS-USD	+0.0136%	1h	233.69	−0.047%	$136K	$474K	10x	as long as short
Aster NBISUSDT	+0.0146%	8h	234.07	+0.117%	$75K	$314K	50x	as long as short
Extended NBIS-USD	+0.0176%	1h	233.51	−0.123%	$149K	$846K	10x	as long as short
BloFin NBIS-USDT	+0.0176%	8h	234.33	+0.227%	$157K	$217K	20x	as long as short
Binance NBISUSDT	+0.0181%	8h	233.63	−0.073%	$20.6M	$91.4M	25x	as long as short
Nado NBIS-PERP	+0.0249%	1h	233.64	−0.069%	$38K	$85K	3x	as long as short
Kraken Futures PF_NBISUSD	+0.0370%	1h	233.44	−0.153%	$22K	$11K	20x	as long as short
Phoenix NBIS	+0.0377%	1h	234.94	+0.488%	$7K	$127K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0404%	1h	233.60	−0.086%	$55.2M	$19.2M	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	233.88	+0.034%	$42K	$119K	5x	as long as short
Lighter NBIS	+0.0416%	1h	233.63	−0.073%	$944K	$3.8M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0550%	8h	234.83	+0.441%	$4K	$101K	10x	as long as short
edgeX NBISUSDC	+0.0702%	4h	234.68	+0.375%	$31K	$233K	10x	as long as short
SoDEX NBIS-USDlong	+0.0709%	1h	233.80	long leg	$79	$19K	10x
Entropy io:NBIS	+0.0784%	1h	233.82	+0.009%	$10.2M	$3.0M	10x	as long as short