Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%

Price spread now: HTX against SunX+0.047%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1501.500% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.047%, 7d avg +0.020%

Together, before fees−0.038%−$4 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: HTX is 0.027% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NBIS-USDT	233.25	0	get 0.0000% / 8h	1h 48m	$966	$1.8M	10x
Short	HTX NBIS-USDT	233.36	0	get 0.0000% / 8h	1h 48m	$15K	$115K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.020%: $2.72
Slippage, 4 orders: −$130.01
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$147.29
Costs to cover: 1.500%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; HTX: live order book, 33 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, 7 min ago	45.02 bp	63.6 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 33 min ago	0.86 bp	11.0 bp −$11	33.2 bp −$332	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
Deribit NBIS_USDC-PERPETUAL	−0.0007%	1h	233.18	−0.030%	$35K	$47K	10x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.23	−0.009%	$5.1M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.10	−0.064%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.21	−0.017%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.18	−0.030%	$2.5M	$4.7M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.27	+0.009%	$2.8M	$945K	—	as long as short
SunX NBIS-USDTlong	0.0000%	8h	233.25	long leg	$966	$1.8M	10x
HTX NBIS-USDTshort	0.0000%	8h	233.36	+0.047%	$15K	$115K	20x
Phemex NBISUSDT	0.0000%	8h	233.21	−0.017%	$1.6M	$966K	10x	as long as short
Binance NBISUSDT	+0.0021%	8h	233.24	−0.004%	$19.4M	$86.9M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NBISUSDT	+0.0023%	8h	233.50	+0.109%	$79K	$304K	50x	as long as short
Extended NBIS-USD	+0.0024%	1h	233.17	−0.036%	$141K	$697K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	233.24	−0.004%	$1.5M	$5.1M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0039%	8h	233.25	+0.002%	$5K	$147K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.30	+0.021%	$44K	$133K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.31	+0.026%	—	$234K	5x	as long as short
BloFin NBIS-USDT	+0.0046%	8h	233.30	+0.021%	$205K	$216K	20x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.19	−0.026%	$33	$20K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0066%	1h	233.29	+0.017%	$136K	$645K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0072%	1h	232.99	−0.111%	$356K	$702K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.11	−0.060%	$480K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.20	−0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.22	−0.015%	—	—	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0119%	1h	233.27	+0.009%	$173K	$498K	10x	as long as short
Entropy io:NBIS	+0.0297%	1h	233.24	−0.004%	$10.2M	$3.3M	10x	as long as short
Nado NBIS-PERP	+0.0297%	1h	233.26	+0.002%	$28K	$63K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0311%	1h	233.24	−0.004%	$54.4M	$23.5M	10x	as long as short
Phoenix NBIS	+0.0343%	1h	233.31	+0.026%	$7K	$185K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0347%	1h	233.12	−0.056%	$24K	$13K	20x	as long as short
Lighter NBIS	+0.0352%	1h	233.28	+0.013%	$934K	$4.6M	10x	as long as short
edgeX NBISUSDC	+0.0602%	4h	233.27	+0.007%	$37K	$234K	10x	as long as short