Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h −0.060%

Price spread now: Bitget against tradeXYZ+0.043%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$590.593% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 7 days+0.026%+$3 · spread now +0.043%, 7d avg +0.041%

Together, before fees−0.123%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NBIS	231.16	0.0118	pay 0.0015% / 1h	3m 40s	$54.1M	$21.2M	10x
Short	Bitget NBISUSDT	231.26	−0.0362	pay 0.0362% / 8h	3m 40s	$2.3M	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$100.81
Price spread: +0.043% → +0.041%: $0.21
Slippage, 4 orders: −$29.34
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$159.94
Costs to cover: 0.593%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Bitget: live order book, 4 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 tradeXYZ live order book, 6 min ago	1.08 bp	12.1 bp −$12	15.3 bp −$153	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.52 bp	17.2 bp −$17	25.2 bp −$252	44.4 bp −$4,437	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
Bitget NBISUSDTshort	−0.0362%	8h	231.26	+0.043%	$2.3M	$4.6M	20x
Aster NBISUSDT	0.0000%	8h	231.20	+0.018%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.16	+0.002%	$145K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.22	+0.026%	$18.8M	$88.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.23	+0.030%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.08	−0.035%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.20	+0.017%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.07	−0.037%	$2.8M	$590K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.02	−0.061%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.16	0.000%	$1K	$1.6M	10x	as long as short

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	230.99	−0.074%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.04	−0.052%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.22	+0.026%	$1.6M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0005%	8h	231.07	−0.039%	$204K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.95	−0.091%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.25	+0.039%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.00	−0.069%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.04	−0.052%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.13	−0.013%	$83	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.94	−0.095%	$150K	$542K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.90	−0.112%	$357K	$811K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.92	−0.104%	$476K	$30K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.10	−0.026%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.10	−0.026%	—	—	10x	as long as short
tradeXYZ xyz:NBISlong	+0.0118%	1h	231.16	long leg	$54.1M	$21.2M	10x
Nado NBIS-PERP	+0.0173%	1h	231.04	−0.053%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0256%	1h	231.17	+0.004%	$940K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.11	−0.022%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0405%	1h	231.05	−0.048%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0505%	4h	230.94	−0.097%	$37K	$227K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.09	−0.029%	$23K	$15K	20x	as long as short