Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.009%

Price spread now: GRVT against Vest+0.090%7-day average −0.516% · you sell dearer than you buy

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

Long on Vest Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.090%, 7d avg −0.516%

Together, before fees−0.008%+ Points / potential airdropVest: Active · GRVT: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.606% dearer against Vest than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of −0.516%): +$61 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NBIS-USD-PERP	229.36	0.0046	pay 0.0006% / 1h	43m 04s	—	$224K	5x
Short	GRVT NBIS_USDT_Perp	229.57	0	get 0.0000% / 8h	7h 43m	$4K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$9.59
Price spread: +0.090% → −0.516%: $60.62
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $40.03
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; GRVT: live order book, 49 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 GRVT live order book, 49 min ago	1.51 bp	10.4 bp −$10	doesn't fit	doesn't fit	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
Bitget NBISUSDT	−0.0301%	8h	229.20	−0.070%	$2.3M	$4.5M	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	−0.0099%	1h	229.09	−0.118%	$34K	$49K	10x	as long as short
BloFin NBIS-USDT	−0.0028%	8h	229.39	+0.013%	$203K	$213K	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	229.39	+0.013%	$355K	$806K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	229.38	+0.010%	$83K	$313K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	229.19	−0.073%	$147K	$880K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	229.14	−0.096%	$18.6M	$88.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	229.24	−0.052%	$4.8M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	229.15	−0.092%	$3.2M	$15.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	229.20	−0.070%	$2.7M	$5.1M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NBIS	0.0000%	8h	229.08	−0.123%	$2.8M	$576K	—	as long as short
GRVT NBIS_USDT_Perpshort	0.0000%	8h	229.57	+0.090%	$4K	$114K	10x
SunX NBIS-USDT	0.0000%	8h	229.53	+0.074%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	229.52	+0.070%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	229.27	−0.039%	$1.5M	$972K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	229.31	−0.022%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERPlong	+0.0046%	1h	229.36	long leg	—	$224K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	229.35	−0.004%	$136K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	229.24	−0.052%	$64	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	229.44	+0.035%	$148K	$539K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0052%	1h	229.07	−0.126%	$53.5M	$21.4M	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	229.42	+0.026%	$1.5M	$3.7M	10x	as long as short
Nado NBIS-PERP	+0.0078%	1h	229.40	+0.020%	$38K	$116K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	229.31	−0.022%	$471K	$52K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	229.23	−0.057%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	229.24	−0.053%	—	—	10x	as long as short
Lighter NBIS	+0.0144%	1h	229.21	−0.065%	$920K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0277%	1h	229.23	−0.057%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0376%	1h	229.53	+0.074%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0681%	1h	229.22	−0.060%	$22K	$16K	20x	as long as short
edgeX NBISUSDC	+0.0905%	4h	229.58	+0.098%	$37K	$228K	10x	as long as short