Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.037%

Price spread now: Extended against SunX−0.010%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1531.529% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now −0.010%, 7d avg −0.038%

Together, before fees+0.182%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.028% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NBIS-USDT	233.31	0	get 0.0000% / 8h	2h 11m	$432	$1.8M	10x
Short	Extended NBIS-USD	233.29	0	get 0.0000% / 1h	11m 23s	$141K	$697K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee SunXbpFee ExtendedbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.038%: $2.82
Slippage, 4 orders: −$139.85
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$150.03
Costs to cover: 1.529%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Extended: live order book, 12 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 SunX live order book, 4 min ago	45.20 bp	63.8 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 12 min ago	1.93 bp	12.5 bp −$13	105.4 bp −$1,054	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
Aster NBISUSDT	0.0000%	8h	233.32	+0.005%	$79K	$304K	50x	as long as short
Extended NBIS-USDshort	0.0000%	1h	233.29	−0.010%	$141K	$697K	10x
Binance NBISUSDT	0.0000%	8h	233.31	0.000%	$19.4M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.25	−0.026%	$5.1M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.16	−0.064%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.26	−0.021%	$2.9M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.27	−0.017%	$2.5M	$4.7M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.19	−0.050%	$2.8M	$945K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	233.30	−0.002%	$5K	$148K	10x	as long as short
SunX NBIS-USDTlong	0.0000%	8h	233.31	long leg	$432	$1.8M	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.24	−0.030%	$35K	$67K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.19	−0.051%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.34	+0.013%	$1.6M	$963K	10x	as long as short
BloFin NBIS-USDT	+0.0012%	8h	233.32	+0.004%	$205K	$216K	20x	as long as short
QFEX NBIS-USD	+0.0033%	1h	233.28	−0.013%	$1.5M	$5.1M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.27	−0.017%	$44K	$134K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.42	+0.047%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.33	+0.009%	$131K	$588K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.28	−0.013%	$56	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.24	−0.030%	$180K	$514K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0056%	1h	233.08	−0.097%	$24K	$13K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.00	−0.133%	$480K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.30	−0.004%	$2K	$4K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.29	−0.010%	—	—	10x	as long as short
Lighter NBIS	+0.0120%	1h	233.31	0.000%	$935K	$4.6M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0136%	1h	232.99	−0.137%	$355K	$704K	10x	as long as short
Nado NBIS-PERP	+0.0183%	1h	233.24	−0.029%	$28K	$65K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0185%	1h	233.35	+0.017%	$54.4M	$23.5M	10x	as long as short
Entropy io:NBIS	+0.0190%	1h	233.29	−0.009%	$10.2M	$3.3M	10x	as long as short
Phoenix NBIS	+0.0276%	1h	233.41	+0.043%	$7K	$185K	10x	as long as short
edgeX NBISUSDC	+0.0292%	4h	233.33	+0.010%	$37K	$235K	10x	as long as short