Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: SoDEX against SunX−0.104%7-day average — · you buy dearer than you sell

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

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. SoDEX is 0.104% cheaper against SunX than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NBIS-USDT	231.06	0	get 0.0000% / 8h	1h 45m	$1K	$1.6M	10x
Short	SoDEX NBIS-USD	230.82	0.0050	get 0.0006% / 1h	45m 39s	$83	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $10.5
Price spread: −0.104% → 0.000%: −$10.39
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$15.89
Costs to cover: 0.160%
Break-even: 17.6 days

Slippage unknown: SunX: live order book, 10 min ago; SoDEX: 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, 10 min ago	44.96 bp	63.6 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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 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
Bitget NBISUSDT	−0.0432%	8h	230.95	−0.048%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.81	−0.110%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.80	−0.114%	$145K	$693K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.81	−0.110%	$18.5M	$87.2M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.88	−0.078%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.75	−0.134%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.79	−0.117%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.87	−0.080%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.41	+0.151%	$5K	$116K	10x	as long as short
SunX NBIS-USDTlong	0.0000%	8h	231.06	long leg	$1K	$1.6M	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	230.80	−0.113%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.58	+0.225%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.90	−0.069%	$1.6M	$962K	10x	as long as short
BloFin NBIS-USDT	+0.0016%	8h	231.13	+0.030%	$205K	$206K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.92	−0.061%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.86	−0.087%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.84	−0.095%	$137K	$473K	10x	as long as short
SoDEX NBIS-USDshort	+0.0050%	1h	230.82	−0.104%	$83	$20K	10x
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.25	+0.082%	$151K	$547K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.85	−0.091%	$1.5M	$3.9M	10x	as long as short
edgeX NBISUSDC	+0.0082%	4h	230.87	−0.081%	$37K	$227K	10x	as long as short
Nado NBIS-PERP	+0.0086%	1h	230.81	−0.107%	$38K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.80	−0.113%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.88	−0.078%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.84	−0.096%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	231.07	+0.004%	$351K	$813K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0156%	1h	230.73	−0.143%	$54.2M	$21.0M	10x	as long as short
Lighter NBIS	+0.0240%	1h	230.85	−0.091%	$944K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	231.29	+0.100%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0439%	1h	231.01	−0.022%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	230.81	−0.107%	$23K	$15K	20x	as long as short