Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.021%

Price spread now: GRVT against tradeXYZ+0.105%106s7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.448% of the position

Long on tradeXYZ Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$17 on $10k

Price spread, last 3 days (all we have)+0.035%+$4 · spread now +0.105%, 7d avg −0.008%

Together, before fees−0.139%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.113% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.008%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.0 days. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NBIS	234.81	0.0303	pay 0.0038% / 1h	13m 38s	$54.8M	$23.4M	10x
Short	GRVT NBIS_USDT_Perp	235.06	0.0249	get 0.0249% / 8h	13m 38s	$5K	$138K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$11.27
Price spread: +0.105% → −0.008%: $11.28
Slippage, 4 orders: −$17.76
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$44.74
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; GRVT: live order book, 63 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	1.49 bp	11.4 bp −$11	15.3 bp −$153	doesn't fit	doesn't fit
Sell GRVT live order book, 63 min ago	2.14 bp	9.5 bp −$9	25.7 bp −$257	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	234.80	−0.004%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.71	−0.043%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.75	−0.026%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.74	−0.030%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.04	+0.098%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.77	−0.017%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	234.81	0.000%	$360K	$679K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.07	+0.111%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.88	+0.030%	$1.6M	$976K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.12	+0.132%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.95	+0.060%	$142K	$738K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.88	+0.030%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.72	−0.038%	$1.5M	$5.2M	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0053%	1h	234.98	+0.072%	$174K	$499K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.68	−0.055%	$484K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.90	+0.038%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.93	+0.051%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0197%	1h	234.88	+0.032%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0221%	8h	235.11	+0.126%	$2.9M	$822K	—	as long as short
Aster NBISUSDT	+0.0233%	8h	235.05	+0.102%	$81K	$308K	50x	as long as short
BloFin NBIS-USDT	+0.0247%	8h	234.93	+0.051%	$206K	$214K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.60	−0.089%	$24K	$15K	20x	as long as short
GRVT NBIS_USDT_Perpshort	+0.0249%	8h	235.06	+0.105%	$5K	$138K	10x
Binance NBISUSDT	+0.0251%	8h	234.80	−0.005%	$19.4M	$86.5M	25x	as long as short
Extended NBIS-USD	+0.0256%	1h	234.73	−0.034%	$139K	$703K	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.70	−0.047%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBISlong	+0.0303%	1h	234.81	long leg	$54.8M	$23.4M	10x
Lighter NBIS	+0.0368%	1h	234.81	0.000%	$928K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	235.07	+0.111%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0491%	1h	234.89	+0.034%	$10.3M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0874%	4h	235.04	+0.098%	$38K	$236K	10x	as long as short