Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.070%

Price spread now: OKX against tradeXYZ+0.034%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.233%−$23 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.034%, 7d avg +0.037%

Together, before fees−0.196%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NBIS	235.34	0.0050	pay 0.0006% / 1h	7m 15s	$54.9M	$19.9M	10x
Short	OKX NBIS-USDT-SWAP	235.42	0	get 0.0000% / 8h	4h 07m	$3.4M	$16.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$10.5
Price spread: +0.034% → +0.037%: −$0.32
Slippage, 4 orders: −$14.07
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$52.89
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; OKX: live order book, 1 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, 11 min ago	1.06 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.64 bp	9.9 bp −$10	23.5 bp −$235	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
Nado NBIS-PERP	−0.0052%	1h	235.42	+0.033%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.46	+0.051%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	235.42	+0.034%	$3.4M	$16.2M	25x
Gate NBIS_USDT	0.0000%	8h	235.41	+0.030%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.37	+0.013%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.40	+0.026%	$2.9M	$561K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.47	+0.055%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.39	+0.021%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.39	+0.021%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.45	+0.047%	$15K	$60K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NBISUSDT	0.0000%	8h	235.42	+0.034%	$1.6M	$955K	10x	as long as short
Aster NBISUSDT	+0.0035%	8h	235.40	+0.025%	$79K	$310K	50x	as long as short
Binance NBISUSDT	+0.0038%	8h	235.44	+0.041%	$19.4M	$84.5M	25x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.34	0.000%	$1.5M	$4.1M	10x	as long as short
Extended NBIS-USD	+0.0040%	1h	235.37	+0.014%	$150K	$701K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.24	−0.042%	$43K	$132K	5x	as long as short
BloFin NBIS-USDT	+0.0040%	8h	235.35	+0.004%	$207K	$205K	20x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.63	+0.123%	—	$216K	5x	as long as short
tradeXYZ xyz:NBISlong	+0.0050%	1h	235.34	long leg	$54.9M	$19.9M	10x
Polymarket Perps NBIS-USD	+0.0050%	1h	235.31	−0.013%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.36	+0.008%	$71	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.30	−0.017%	$161K	$502K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.56	+0.093%	$389K	$724K	10x	as long as short
edgeX NBISUSDC	+0.0074%	4h	235.41	+0.030%	$38K	$226K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.20	−0.059%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.41	+0.030%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.36	+0.008%	—	—	10x	as long as short
Lighter NBIS	+0.0176%	1h	235.48	+0.059%	$903K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.58	+0.102%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0425%	1h	235.33	−0.004%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.31	−0.014%	$24K	$15K	20x	as long as short