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

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.028%
Price spread now: BloFin against SunX+0.137%55s7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1471.473% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.128%+$13 on $10k
Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.137%, 7d avg +0.017%
Together, before fees−0.004%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.120% dearer against SunX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.017%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NBIS-USDT233.680get 0.0000% / 8h3h 26m$995$1.6M10x
ShortBloFin NBIS-USDT234.000.0028get 0.0028% / 8h3h 26m$206K$206K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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
$5.96
Price spread: +0.137% → +0.017%
$12.02
Slippage, 4 orders
−$127.3
Fee SunX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$129.33
Costs to cover
1.473%
Break-even
159.0 days
Slippage from SunX: live order book, 9 min ago; BloFin: live order book, 64 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 SunX live order book, 9 min ago45.74 bp63.9 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 64 min ago0.85 bp8.8 bp −$920.9 bp −$209doesn'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%8h234.06+0.161%$78K$310K50xas long as short
Extended NBIS-USD0.0000%1h233.65−0.011%$147K$691K10xas long as short
Binance NBISUSDT0.0000%8h233.73+0.020%$19.2M$84.8M25xas long as short
Bybit NBISUSDT0.0000%8h233.78+0.043%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h233.56−0.051%$3.4M$16.1M25xas long as short
Gate NBIS_USDT0.0000%8h233.74+0.026%$2.7M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h233.71+0.013%$2.4M$4.4M20xas long as short
Variational Omni NBIS0.0000%8h234.33+0.278%$2.9M$555Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.17+0.208%$4K$119K10xas long as short
SunX NBIS-USDTlong0.0000%8h233.68long leg$995$1.6M10x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit NBIS_USDC-PERPETUAL0.0000%1h233.58−0.043%$35K$49K10xas long as short
HTX NBIS-USDT0.0000%8h234.38+0.300%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h234.05+0.158%$1.6M$954K10xas long as short
BloFin NBIS-USDTshort+0.0028%8h234.00+0.137%$206K$206K20x
QFEX NBIS-USD+0.0034%1h233.64−0.017%$1.5M$4.0M10xas long as short
Nado NBIS-PERP+0.0038%1h233.54−0.059%$38K$115K3xas long as short
Arcus NBIS-USD+0.0040%1h233.91+0.098%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h233.92+0.103%$216K5xas long as short
Kraken Futures PF_NBISUSD+0.0049%1h233.55−0.057%$23K$15K20xas long as short
tradeXYZ xyz:NBIS+0.0050%1h233.56−0.051%$54.4M$20.1M10xas long as short
Polymarket Perps NBIS-USD+0.0050%1h233.57−0.047%$147K$456K10xas long as short
SoDEX NBIS-USD+0.0050%1h233.680.000%$103$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h234.15+0.201%$160K$502K10xas long as short
KuCoin NBISUSDTM+0.0100%8h233.73+0.021%$482K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h233.85+0.073%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.79+0.046%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h233.49−0.081%$374K$741K10xas long as short
Phoenix NBIS+0.0239%1h234.06+0.163%$7K$150K10xas long as short
Lighter NBIS+0.0248%1h233.70+0.009%$926K$3.9M10xas long as short
Entropy io:NBIS+0.0358%1h233.99+0.133%$10.2M$3.2M10xas long as short
edgeX NBISUSDC+0.0493%4h234.15+0.201%$38K$225K10xas long as short