Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h −0.011%

Price spread now: Vest against Variational Omni+0.013%7-day average +0.475% · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.048%−$5 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.013%, 7d avg +0.475%

Together, before fees+0.021%+ Points / potential airdropVariational Omni: Active · Vest: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Vest is 0.462% cheaper against Variational Omni than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of +0.475%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.048% in total (about -5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NBIS	233.84	0.0232	pay 0.0232% / 8h	6h 45m	$2.9M	$560K	—
Short	Vest NBIS-USD-PERP	233.87	0.0046	get 0.0006% / 1h	45m 04s	—	$226K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$39.03
Price spread: +0.013% → +0.475%: −$46.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$87.23
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Vest: no order-book sample. 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, 4 min ago	4.12 bp	doesn't fit	27.7 bp −$277	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	233.73	−0.047%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.78	−0.025%	$3.4M	$16.6M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.73	−0.047%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.82	−0.008%	$2.4M	$4.6M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.81	−0.012%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.61	−0.098%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.78	−0.025%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.74	−0.042%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.74	−0.042%	$1.5M	$4.8M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.91	+0.030%	$42K	$135K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERPshort	+0.0046%	1h	233.87	+0.013%	—	$226K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	233.65	−0.081%	$144K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.70	−0.059%	$108	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.66	−0.076%	$163K	$516K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.66	−0.077%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.69	−0.064%	$482K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.67	−0.072%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.70	−0.058%	—	—	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0107%	8h	234.14	+0.131%	$5K	$130K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.946%	$386K	$723K	10x	as long as short
Nado NBIS-PERP	+0.0131%	1h	233.69	−0.065%	$73K	$92K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0153%	1h	233.75	−0.038%	$54.9M	$22.8M	10x	as long as short
Aster NBISUSDT	+0.0229%	8h	233.88	+0.017%	$81K	$314K	50x	as long as short
Variational Omni NBISlong	+0.0232%	8h	233.84	long leg	$2.9M	$560K	—
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.086%	$207K	$209K	20x	as long as short
Extended NBIS-USD	+0.0248%	1h	233.61	−0.097%	$150K	$705K	10x	as long as short
Binance NBISUSDT	+0.0250%	8h	233.70	−0.058%	$19.2M	$85.7M	25x	as long as short
Lighter NBIS	+0.0296%	1h	233.85	+0.005%	$904K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.04	+0.086%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0354%	1h	233.99	+0.065%	$10.2M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0990%	4h	233.83	−0.006%	$38K	$227K	10x	as long as short