Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0681%/8h= −74.6% APRpaid last 24h —

Price spread now: Bitget against Aevo+0.055%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.055% dearer against Aevo than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	230.90	0.0104	pay 0.0013% / 1h	17m 44s	—	—	10x
Short	Bitget NBISUSDT	231.03	−0.0577	pay 0.0577% / 8h	1h 17m	$2.3M	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$143.01
Price spread: +0.055% → 0.000%: $5.45
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$165.56
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 5 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	1.95 bp	14.3 bp −$14	31.7 bp −$317	46.6 bp −$4,659	doesn't fit

Aevo: 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 NBISUSDTshort	−0.0577%	8h	231.03	+0.055%	$2.3M	$4.5M	20x
Aster NBISUSDT	0.0000%	8h	230.87	−0.013%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.95	+0.021%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.01	+0.046%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.06	+0.068%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.90	−0.002%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.05	+0.063%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.92	+0.007%	$2.8M	$601K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.97	+0.028%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.96	+0.024%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	230.93	+0.011%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.97	+0.029%	$1.6M	$964K	10x	as long as short
BloFin NBIS-USDT	+0.0008%	8h	230.84	−0.028%	$203K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.76	−0.062%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.80	−0.045%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.77	−0.058%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.87	−0.015%	$111	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.92	+0.007%	$151K	$548K	10x	as long as short
Nado NBIS-PERP	+0.0054%	1h	230.73	−0.077%	$37K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.91	+0.003%	$1.5M	$3.8M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0077%	1h	230.92	+0.007%	$54.3M	$21.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0097%	1h	230.87	−0.015%	$34K	$49K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.88	−0.010%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.96	+0.024%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	230.90	long leg	—	—	10x
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.223%	$351K	$812K	10x	as long as short
Lighter NBIS	+0.0192%	1h	230.94	+0.016%	$954K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.98	+0.033%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	230.87	−0.015%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	230.89	−0.006%	$23K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0789%	4h	230.95	+0.022%	$37K	$227K	10x	as long as short