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 +0.011%

Price spread now: Variational Omni against Vest+0.047%7-day average −0.437% · you sell dearer than you buy

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

Long on Vest Short on Variational Omni

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)−0.045%−$4 · spread now +0.047%, 7d avg −0.437%

Together, before fees−0.001%+ Points / potential airdropVest: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.484% dearer against Vest than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.437%): +$48 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 35 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NBIS-USD-PERP	227.22	0.0046	pay 0.0006% / 1h	25m 46s	—	$246K	5x
Short	Variational Omni NBIS	227.33	0	get 0.0000% / 8h	7h 25m	$2.8M	$598K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.047%Rate

Funding earned: −$9.59
Price spread: +0.047% → −0.437%: $48.38
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $36.79
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 3 min ago	3.24 bp	doesn't fit	50.1 bp −$501	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	−0.0225%	8h	227.55	+0.145%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0025%	8h	227.52	+0.132%	$202K	$212K	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	226.87	−0.154%	$352K	$801K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	227.42	+0.088%	$80K	$320K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	227.36	+0.060%	$145K	$854K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	227.47	+0.108%	$18.2M	$89.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	227.43	+0.092%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	227.35	+0.057%	$3.2M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	227.30	+0.035%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBISshort	0.0000%	8h	227.33	+0.047%	$2.8M	$598K	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NBIS_USDT_Perp	0.0000%	8h	227.49	+0.119%	$4K	$113K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	227.33	+0.048%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	227.28	+0.026%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	227.07	−0.066%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	227.30	+0.035%	$1.5M	$971K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	227.40	+0.079%	$41K	$124K	5x	as long as short
Vest NBIS-USD-PERPlong	+0.0046%	1h	227.22	long leg	—	$246K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	227.36	+0.062%	$135K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	227.31	+0.040%	$68	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	227.51	+0.128%	$146K	$530K	10x	as long as short
Nado NBIS-PERP	+0.0064%	1h	227.32	+0.042%	$38K	$116K	3x	as long as short
QFEX NBIS-USD	+0.0064%	1h	227.54	+0.141%	$1.5M	$3.7M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0078%	1h	227.34	+0.053%	$53.0M	$21.6M	10x	as long as short
Lighter NBIS	+0.0096%	1h	227.39	+0.075%	$905K	$4.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	227.28	+0.026%	$467K	$70K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	227.28	+0.026%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	227.25	+0.013%	—	—	10x	as long as short
Phoenix NBIS	+0.0277%	1h	227.02	−0.088%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0294%	1h	227.37	+0.066%	$9.9M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0687%	1h	227.27	+0.021%	$22K	$16K	20x	as long as short
edgeX NBISUSDC	+0.0926%	4h	227.34	+0.053%	$37K	$228K	10x	as long as short