Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.4% APRpaid last 24h −0.033%

Price spread now: KuCoin against tradeXYZ−0.009%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1541.535% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.009%, 7d avg −0.062%

Together, before fees−0.208%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.053% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.062%. Mind the row above: over the last 7 days funding on this pair cost −0.129%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NBIS	230.85	0.0088	pay 0.0011% / 1h	24m 16s	$54.3M	$21.0M	10x
Short	KuCoin NBISUSDTM	230.83	0.0100	get 0.0100% / 8h	1h 24m	$476K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.009%Rate

Funding earned: $2.6
Price spread: −0.009% → −0.062%: $5.3
Slippage, 4 orders: −$123.53
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$145.63
Costs to cover: 1.535%
Break-even: 398.7 days

Slippage from tradeXYZ: live order book, 5 min ago; KuCoin: live order book, 19 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, 5 min ago	0.87 bp	12.5 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 19 min ago	23.88 bp	62.1 bp −$62	doesn't fit	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	−0.0589%	8h	231.00	+0.065%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0005%	8h	230.94	+0.039%	$204K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.81	−0.015%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.93	+0.035%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.99	+0.062%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.02	+0.074%	$4.9M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.90	+0.022%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.03	+0.078%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.85	0.000%	$2.8M	$601K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.78	−0.030%	$5K	$116K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	230.95	+0.043%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.80	−0.022%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.98	+0.056%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.04	+0.082%	$1.6M	$964K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.68	−0.074%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.85	0.000%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.88	+0.013%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.99	+0.061%	$102	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.43	−0.182%	$151K	$548K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.91	+0.026%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERP	+0.0068%	1h	230.92	+0.028%	$38K	$115K	3x	as long as short
tradeXYZ xyz:NBISlong	+0.0088%	1h	230.85	long leg	$54.3M	$21.0M	10x
KuCoin NBISUSDTMshort	+0.0100%	8h	230.83	−0.009%	$476K	$20K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.88	+0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.88	+0.013%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.199%	$351K	$812K	10x	as long as short
Lighter NBIS	+0.0216%	1h	231.01	+0.069%	$957K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.72	−0.056%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	230.79	−0.026%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0511%	4h	230.68	−0.073%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	230.93	+0.034%	$23K	$15K	20x	as long as short