Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.049%

Price spread now: Bitget against Vest−0.116%7-day average −0.427% · you buy dearer than you sell

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

Long on Vest Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.116%, 7d avg −0.427%

Together, before fees+0.011%+ Points / potential airdropVest: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.311% dearer against Vest than usual: you sell high and buy low (spread −0.116% now, against its 7-day average of −0.427%): +$31 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NBIS-USD-PERP	233.15	0.0052	pay 0.0006% / 1h	48m 30s	—	$250K	5x
Short	Bitget NBISUSDT	232.88	0	get 0.0000% / 8h	4h 48m	$2.2M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$10.85
Price spread: −0.116% → −0.427%: $31.1
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: $6.25
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	1.28 bp	17.0 bp −$17	22.1 bp −$221	38.9 bp −$3,887	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 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	232.78	−0.159%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.91	−0.103%	$2.7M	$4.8M	50x	as long as short
Bitget NBISUSDTshort	0.0000%	8h	232.88	−0.116%	$2.2M	$4.4M	20x
SunX NBIS-USDT	0.0000%	8h	232.83	−0.137%	$955	$1.4M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.07	−0.034%	$12K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.73	−0.180%	$1.6M	$968K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0039%	1h	232.48	−0.289%	$22K	$10K	20x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.74	−0.176%	$1K	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.60	−0.236%	$150K	$520K	10x	as long as short
Vest NBIS-USD-PERPlong	+0.0052%	1h	233.15	long leg	—	$250K	5x

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0053%	1h	232.93	−0.094%	$1.6M	$3.6M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0062%	1h	232.82	−0.142%	$129K	$478K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.83	−0.137%	$472K	$247K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.82	−0.142%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.53	−0.265%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0168%	1h	232.78	−0.159%	$38K	$68K	3x	as long as short
edgeX NBISUSDC	+0.0168%	4h	233.45	+0.129%	$31K	$234K	10x	as long as short
Variational Omni NBIS	+0.0198%	8h	233.48	+0.141%	$2.9M	$623K	—	as long as short
Aster NBISUSDT	+0.0221%	8h	233.55	+0.171%	$81K	$314K	50x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0224%	1h	234.06	+0.390%	$383K	$861K	10x	as long as short
Bybit NBISUSDT	+0.0225%	8h	232.88	−0.116%	$5.4M	$6.9M	50x	as long as short
Binance NBISUSDT	+0.0247%	8h	233.02	−0.057%	$20.6M	$90.4M	25x	as long as short
Extended NBIS-USD	+0.0248%	1h	232.93	−0.095%	$146K	$1.0M	10x	as long as short
BloFin NBIS-USDT	+0.0256%	8h	232.60	−0.236%	$207K	$216K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0267%	1h	232.44	−0.305%	$36K	$50K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0373%	1h	232.91	−0.103%	$55.7M	$18.9M	10x	as long as short
Lighter NBIS	+0.0392%	1h	233.02	−0.056%	$942K	$3.7M	10x	as long as short
Phoenix NBIS	+0.0444%	1h	233.23	+0.034%	$7K	$117K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0476%	8h	233.48	+0.141%	$4K	$101K	10x	as long as short
Entropy io:NBIS	+0.0698%	1h	233.12	−0.013%	$10.2M	$2.9M	10x	as long as short
Arcus NBIS-USD	+0.0870%	1h	232.87	−0.120%	$43K	$117K	5x	as long as short