Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.045%

Price spread now: Bybit against tradeXYZ+0.082%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.082%, 7d avg +0.035%

Together, before fees−0.167%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.047% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.035%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.148% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NBIS	231.06	0.0196	pay 0.0025% / 1h	52m 31s	$54.3M	$21.0M	10x
Short	Bybit NBISUSDT	231.25	0	get 0.0000% / 8h	1h 52m	$4.9M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$41.25
Price spread: +0.082% → +0.035%: $4.68
Slippage, 4 orders: −$20.25
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$85.82
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Bybit: live order book, 5 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	0.86 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.16 bp	13.4 bp −$13	68.0 bp −$680	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
Bitget NBISUSDT	−0.0395%	8h	231.28	+0.095%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.07	+0.004%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.14	+0.034%	$145K	$746K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.23	+0.074%	$18.6M	$87.1M	25x	as long as short
Bybit NBISUSDTshort	0.0000%	8h	231.25	+0.082%	$4.9M	$6.5M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	231.09	+0.013%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.28	+0.095%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.22	+0.071%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.42	+0.156%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.34	+0.121%	$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
HTX NBIS-USDT	0.0000%	8h	231.31	+0.108%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.40	+0.147%	$1.6M	$960K	10x	as long as short
BloFin NBIS-USDT	+0.0030%	8h	231.30	+0.104%	$204K	$206K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.32	+0.113%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.30	+0.104%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.07	+0.004%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.23	+0.074%	$79	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.24	+0.078%	$151K	$548K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	231.14	+0.035%	$1.5M	$3.9M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.03	−0.013%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.24	+0.078%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.24	+0.077%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	232.18	+0.485%	$352K	$816K	10x	as long as short
Nado NBIS-PERP	+0.0136%	1h	231.04	−0.008%	$38K	$115K	3x	as long as short
tradeXYZ xyz:NBISlong	+0.0196%	1h	231.06	long leg	$54.3M	$21.0M	10x
Phoenix NBIS	+0.0311%	1h	231.70	+0.277%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0336%	1h	231.35	+0.126%	$940K	$3.9M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0442%	1h	231.24	+0.078%	$34K	$49K	10x	as long as short
Entropy io:NBIS	+0.0537%	1h	231.39	+0.143%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0655%	4h	231.33	+0.115%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0683%	1h	231.26	+0.085%	$23K	$15K	20x	as long as short