Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Bybit against Variational Omni−0.008%7-day average −0.014% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.008%, 7d avg −0.014%

Together, before fees+0.051%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NBIS	233.67	0	get 0.0000% / 8h	1h 34m	$2.8M	$825K	—
Short	Bybit NBISUSDT	233.65	0	get 0.0000% / 8h	1h 34m	$5.2M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.014%: $0.67
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.33
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Bybit: live order book, 4 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 5 min ago	2.78 bp	doesn't fit	36.6 bp −$366	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.28 bp	12.5 bp −$13	71.1 bp −$711	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 NBISUSDTshort	0.0000%	8h	233.65	−0.008%	$5.2M	$6.5M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	233.74	+0.031%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.71	+0.018%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.74	+0.031%	$2.5M	$4.7M	20x	as long as short
Variational Omni NBISlong	0.0000%	8h	233.67	long leg	$2.8M	$825K	—
SunX NBIS-USDT	0.0000%	8h	233.73	+0.026%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.67	+0.001%	$35K	$47K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.73	+0.026%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.78	+0.048%	$1.6M	$964K	10x	as long as short
Aster NBISUSDT	+0.0027%	8h	233.53	−0.059%	$79K	$304K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NBISUSDT	+0.0029%	8h	233.78	+0.048%	$19.4M	$86.8M	25x	as long as short
Extended NBIS-USD	+0.0032%	1h	233.71	+0.020%	$141K	$697K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	233.74	+0.031%	$1.5M	$5.1M	10x	as long as short
BloFin NBIS-USDT	+0.0039%	8h	233.66	−0.003%	$205K	$213K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.69	+0.009%	$44K	$133K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0044%	8h	233.70	+0.015%	$5K	$144K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.85	+0.078%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.74	+0.031%	$148K	$657K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.71	+0.018%	$51	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.76	+0.039%	$173K	$499K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0072%	1h	232.99	−0.290%	$356K	$698K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.43	−0.102%	$481K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.69	+0.009%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.72	+0.022%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0208%	1h	233.74	+0.031%	$54.5M	$23.5M	10x	as long as short
Nado NBIS-PERP	+0.0227%	1h	233.69	+0.009%	$28K	$63K	3x	as long as short
Lighter NBIS	+0.0240%	1h	233.81	+0.061%	$934K	$4.6M	10x	as long as short
Entropy io:NBIS	+0.0282%	1h	233.67	+0.001%	$10.2M	$3.3M	10x	as long as short
Phoenix NBIS	+0.0343%	1h	233.70	+0.014%	$7K	$185K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0346%	1h	233.58	−0.037%	$24K	$13K	20x	as long as short
edgeX NBISUSDC	+0.0910%	4h	233.71	+0.020%	$37K	$234K	10x	as long as short