Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.012%

Price spread now: OKX against Vest−0.085%7-day average −0.477% · you buy dearer than you sell

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

Long on Vest Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.085%, 7d avg −0.477%

Together, before fees−0.057%+ Points / potential airdropVest: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.392% dearer against Vest than usual: you sell high and buy low (spread −0.085% now, against its 7-day average of −0.477%): +$39 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 29 days. At the pace of the last 3 days (−0.017% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NBIS-USD-PERP	235.49	0.0046	pay 0.0006% / 1h	13m 00s	—	$216K	5x
Short	OKX NBIS-USDT-SWAP	235.29	0	get 0.0000% / 8h	4h 13m	$3.4M	$16.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$9.59
Price spread: −0.085% → −0.477%: $39.24
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: $17.65
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; OKX: live order book, just now. 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 OKX live order book, just now	0.43 bp	12.2 bp −$12	46.7 bp −$467	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
Nado NBIS-PERP	−0.0077%	1h	235.07	−0.176%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.39	−0.042%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	235.29	−0.085%	$3.4M	$16.2M	25x
Gate NBIS_USDT	0.0000%	8h	235.31	−0.076%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.34	−0.064%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.25	−0.102%	$2.9M	$561K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.29	−0.085%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.39	−0.042%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.24	−0.106%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.40	−0.038%	$1.6M	$955K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX NBISUSDC	+0.0029%	4h	235.20	−0.123%	$38K	$227K	10x	as long as short
BloFin NBIS-USDT	+0.0029%	8h	235.38	−0.047%	$207K	$205K	20x	as long as short
Aster NBISUSDT	+0.0036%	8h	235.33	−0.067%	$79K	$310K	50x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.27	−0.093%	$1.5M	$4.2M	10x	as long as short
Binance NBISUSDT	+0.0039%	8h	235.38	−0.047%	$19.4M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0040%	1h	235.28	−0.091%	$150K	$701K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.17	−0.136%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERPlong	+0.0046%	1h	235.49	long leg	—	$216K	5x
tradeXYZ xyz:NBIS	+0.0050%	1h	235.25	−0.102%	$54.8M	$19.9M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.23	−0.110%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.29	−0.085%	$47	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.39	−0.042%	$161K	$503K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.56	+0.030%	$389K	$724K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.06	−0.183%	$484K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.22	−0.115%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.17	−0.137%	—	—	10x	as long as short
Lighter NBIS	+0.0128%	1h	235.26	−0.098%	$903K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.26	−0.098%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0405%	1h	235.26	−0.098%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.26	−0.097%	$24K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0516%	1h	235.21	−0.119%	$35K	$48K	10x	as long as short