Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: Ondo Perps against SunX+0.017%7-day average −0.019% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$16 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now +0.017%, 7d avg −0.019%

Together, before fees+0.268%+ Points / potential airdropOndo Perps: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.036% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NBIS-USDT	235.50	0	get 0.0000% / 8h	4h 19m	$1K	$1.7M	10x
Short	Ondo Perps NBIS-USD.P	235.54	0.0050	get 0.0006% / 1h	19m 23s	$161K	$503K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.017%Rate

Funding earned: $10.58
Price spread: +0.017% → −0.019%: $3.61
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $1.19
Costs to cover: 0.130%
Break-even: 6.2 days

Slippage unknown: SunX: live order book, 6 min ago; Ondo Perps: no order-book sample. 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 SunX live order book, 6 min ago	45.02 bp	63.6 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Nado NBIS-PERP	−0.0090%	1h	235.27	−0.096%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.39	−0.047%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.32	−0.076%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.37	−0.055%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.38	−0.051%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.53	+0.011%	$2.9M	$562K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.52	+0.010%	$5K	$120K	10x	as long as short
SunX NBIS-USDTlong	0.0000%	8h	235.50	long leg	$1K	$1.7M	10x
HTX NBIS-USDT	0.0000%	8h	235.41	−0.038%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.37	−0.055%	$1.6M	$955K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0038%	1h	235.35	−0.064%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.30	−0.085%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.67	+0.072%	—	$216K	5x	as long as short
Aster NBISUSDT	+0.0047%	8h	235.34	−0.067%	$79K	$310K	50x	as long as short
Extended NBIS-USD	+0.0048%	1h	235.33	−0.073%	$150K	$701K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.28	−0.093%	$54.8M	$19.8M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.32	−0.076%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.34	−0.068%	$38	$21K	10x	as long as short
Ondo Perps NBIS-USD.Pshort	+0.0050%	1h	235.54	+0.017%	$161K	$503K	10x
Binance NBISUSDT	+0.0051%	8h	235.39	−0.047%	$19.4M	$84.6M	25x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.56	+0.025%	$389K	$724K	10x	as long as short
BloFin NBIS-USDT	+0.0079%	8h	235.56	+0.025%	$208K	$205K	20x	as long as short
edgeX NBISUSDC	+0.0095%	4h	235.47	−0.011%	$38K	$226K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.22	−0.119%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.40	−0.042%	$2K	$3K	10x	as long as short
Lighter NBIS	+0.0104%	1h	235.43	−0.030%	$903K	$4.1M	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.36	−0.059%	—	—	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.43	−0.030%	$7K	$150K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0345%	1h	235.33	−0.072%	$35K	$48K	10x	as long as short
Entropy io:NBIS	+0.0406%	1h	235.37	−0.055%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.35	−0.066%	$24K	$15K	20x	as long as short