Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.004%

Price spread now: Extended against Variational Omni−0.017%7-day average −0.084% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.738%−$74 · spread now −0.017%, 7d avg −0.084%

Together, before fees−0.795%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$80 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.067% dearer against Variational Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.084%. Mind the row above: over the last 3 days funding on this pair cost −0.057%, 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	Variational Omni NBIS	235.56	0.0252	pay 0.0252% / 8h	7h 06m	$2.9M	$591K	—
Short	Extended NBIS-USD	235.52	0.0280	get 0.0035% / 1h	6m 23s	$151K	$705K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.017%Rate

Funding earned: $5.95
Price spread: −0.017% → −0.084%: $6.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $7.68
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Extended: live order book, 2 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, 3 min ago	3.67 bp	doesn't fit	52.2 bp −$522	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.55 bp	12.2 bp −$12	170.5 bp −$1,705	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
Kraken Futures PF_NBISUSD	−0.0178%	1h	235.58	+0.008%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.72	+0.067%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.60	+0.016%	$2.8M	$5.1M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.70	+0.059%	$978	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.73	+0.072%	$15K	$106K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.73	+0.072%	$1.6M	$972K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	+0.208%	$386K	$737K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.59	+0.012%	$1.5M	$4.9M	10x	as long as short
Bybit NBISUSDT	+0.0044%	8h	235.71	+0.063%	$5.1M	$6.4M	50x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.98	+0.178%	—	$224K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	+0.0047%	1h	235.60	+0.016%	$35K	$48K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.52	−0.017%	$175K	$502K	10x	as long as short
SoDEX NBIS-USD	+0.0087%	1h	235.67	+0.046%	$80	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.43	−0.056%	$485K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.67	+0.046%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.64	+0.035%	—	—	10x	as long as short
Bitget NBISUSDT	+0.0118%	8h	235.63	+0.029%	$2.5M	$4.6M	20x	as long as short
Nado NBIS-PERP	+0.0147%	1h	235.56	−0.001%	$31K	$66K	3x	as long as short
Polymarket Perps NBIS-USD	+0.0166%	1h	235.62	+0.025%	$142K	$462K	10x	as long as short
Variational Omni NBISlong	+0.0252%	8h	235.56	long leg	$2.9M	$591K	—
BloFin NBIS-USDT	+0.0260%	8h	235.75	+0.080%	$207K	$211K	20x	as long as short
Aster NBISUSDT	+0.0262%	8h	235.79	+0.099%	$82K	$308K	50x	as long as short
Extended NBIS-USDshort	+0.0280%	1h	235.52	−0.017%	$151K	$705K	10x
edgeX NBISUSDC	+0.0284%	4h	235.51	−0.021%	$38K	$226K	10x	as long as short
Binance NBISUSDT	+0.0285%	8h	235.66	+0.042%	$19.6M	$85.4M	25x	as long as short
Lighter NBIS	+0.0296%	1h	235.73	+0.072%	$920K	$4.5M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0298%	1h	235.66	+0.042%	$55.1M	$23.6M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.61	+0.021%	$44K	$132K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0378%	8h	235.55	−0.003%	$5K	$131K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.90	+0.144%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0865%	1h	235.62	+0.025%	$10.3M	$3.4M	10x	as long as short