Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.024%

Price spread now: Variational Omni against SunX+0.051%7-day average 0.000% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.051%, 7d avg 0.000%

Together, before fees+0.170%+ Points / potential airdropVariational Omni: Active · farm board+$17 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: Variational Omni is 0.050% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NBIS-USDT	234.39	0	get 0.0000% / 8h	3h 53m	$1K	$1.7M	10x
Short	Variational Omni NBIS	234.51	0	get 0.0000% / 8h	3h 53m	$2.9M	$559K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → 0.000%: $5.05
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.95
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 12 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 12 min ago	45.47 bp	63.9 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	5.03 bp	doesn't fit	34.7 bp −$347	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
Bybit NBISUSDT	0.0000%	8h	234.44	+0.021%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.45	+0.026%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.39	0.000%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.36	−0.013%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBISshort	0.0000%	8h	234.51	+0.051%	$2.9M	$559K	—
GRVT NBIS_USDT_Perp	0.0000%	8h	234.70	+0.134%	$5K	$120K	10x	as long as short
SunX NBIS-USDTlong	0.0000%	8h	234.39	long leg	$1K	$1.7M	10x
HTX NBIS-USDT	0.0000%	8h	234.46	+0.030%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.39	0.000%	$1.6M	$954K	10x	as long as short
Aster NBISUSDT	+0.0011%	8h	234.73	+0.143%	$79K	$310K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NBISUSDT	+0.0014%	8h	234.39	0.000%	$19.3M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0016%	1h	234.32	−0.028%	$150K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0024%	8h	234.44	+0.021%	$207K	$206K	20x	as long as short
QFEX NBIS-USD	+0.0034%	1h	234.26	−0.055%	$1.5M	$4.1M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.38	−0.004%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.50	+0.047%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0048%	1h	234.31	−0.035%	$23K	$15K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.29	−0.043%	$147K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.37	−0.009%	$80	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.27	−0.051%	$161K	$501K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0094%	1h	234.25	−0.060%	$54.7M	$19.9M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.31	−0.034%	$483K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.37	−0.009%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.37	−0.007%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.56	+0.499%	$389K	$724K	10x	as long as short
Nado NBIS-PERP	+0.0120%	1h	234.27	−0.053%	$38K	$115K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0177%	1h	234.29	−0.043%	$35K	$49K	10x	as long as short
Phoenix NBIS	+0.0239%	1h	234.35	−0.017%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0264%	1h	234.40	+0.004%	$906K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0355%	1h	234.50	+0.047%	$10.2M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0661%	4h	234.35	−0.018%	$38K	$226K	10x	as long as short