Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.015%

Price spread now: Binance against Vest−0.024%47s7-day average −0.179% · you buy dearer than you sell

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

Long on Vest Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 2 days (all we have)−0.813%−$81 · spread now −0.024%, 7d avg −0.179%

Together, before fees−0.761%+ Points / potential airdropVest: Active · farm board−$76 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.155% dearer against Vest than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.179%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.053% in total (about 5.9% 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	Vest NBIS-USD-PERP	233.56	0.0046	pay 0.0006% / 1h	40m 45s	—	$226K	5x
Short	Binance NBISUSDT	233.50	0.0242	get 0.0242% / 8h	6h 40m	$19.2M	$85.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now −0.024%Rate

Funding earned: $41.17
Price spread: −0.024% → −0.179%: $15.53
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: $44.7
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Binance: 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	0.21 bp	9.1 bp −$9	24.6 bp −$246	88.6 bp −$8,863	doesn't fit

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	233.48	−0.034%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.43	−0.056%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.59	+0.013%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.54	−0.009%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.48	−0.034%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.78	+0.094%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.59	+0.013%	$1.6M	$972K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0007%	1h	233.40	−0.069%	$35K	$48K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.45	−0.047%	$1.5M	$4.7M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.55	−0.004%	$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-PERPlong	+0.0046%	1h	233.56	long leg	—	$226K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	233.34	−0.094%	$148K	$468K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.42	−0.060%	$98	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.39	−0.073%	$163K	$501K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0062%	8h	233.77	+0.088%	$5K	$130K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.41	−0.066%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.50	−0.026%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.45	−0.047%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.44	−0.050%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.066%	$386K	$721K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0129%	1h	233.40	−0.069%	$54.7M	$22.9M	10x	as long as short
Nado NBIS-PERP	+0.0170%	1h	233.27	−0.125%	$69K	$93K	3x	as long as short
Aster NBISUSDT	+0.0220%	8h	233.73	+0.071%	$81K	$314K	50x	as long as short
Variational Omni NBIS	+0.0223%	8h	233.46	−0.043%	$2.8M	$570K	—	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.206%	$207K	$209K	20x	as long as short
Extended NBIS-USD	+0.0240%	1h	233.50	−0.025%	$150K	$705K	10x	as long as short
Binance NBISUSDTshort	+0.0242%	8h	233.50	−0.024%	$19.2M	$85.3M	25x
Lighter NBIS	+0.0296%	1h	233.53	−0.013%	$902K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.04	+0.206%	$7K	$152K	10x	as long as short
edgeX NBISUSDC	+0.0339%	4h	233.68	+0.051%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0364%	1h	233.67	+0.047%	$10.2M	$3.4M	10x	as long as short