Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h —

Price spread now: Extended against Aevo−0.021%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.021% cheaper against Aevo than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 30 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	234.17	0.0104	pay 0.0013% / 1h	51m 56s	—	—	10x
Short	Extended NBIS-USD	234.12	0.0160	get 0.0020% / 1h	51m 56s	$147K	$698K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.021%Rate

Funding earned: $11.76
Price spread: −0.021% → 0.000%: −$2.1
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$11.34
Costs to cover: 0.210%
Break-even: 13.7 days

Slippage unknown: Aevo: no order-book sample; Extended: live order book, 11 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 Extended live order book, 11 min ago	2.57 bp	12.5 bp −$13	118.0 bp −$1,180	doesn't fit	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 30 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
Bybit NBISUSDT	0.0000%	8h	234.19	+0.010%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.20	+0.014%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.26	+0.040%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.16	−0.003%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.04	−0.054%	$5K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.08	−0.037%	$904	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.13	−0.016%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.07	−0.041%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.20	+0.014%	$1.6M	$968K	10x	as long as short
Nado NBIS-PERP	+0.0019%	1h	234.10	−0.029%	$67K	$95K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0023%	1h	234.20	+0.014%	$1.5M	$4.4M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.99	−0.076%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.38	+0.091%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.13	−0.016%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.18	+0.006%	$5	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.06	−0.046%	$163K	$499K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0082%	1h	234.08	−0.037%	$54.6M	$19.7M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.14	−0.012%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.21	+0.018%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	234.17	long leg	—	—	10x
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.272%	$382K	$712K	10x	as long as short
Variational Omni NBIS	+0.0132%	8h	234.03	−0.060%	$2.8M	$570K	—	as long as short
Aster NBISUSDT	+0.0145%	8h	234.28	+0.050%	$81K	$307K	50x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.24	+0.033%	$23K	$15K	20x	as long as short
Binance NBISUSDT	+0.0156%	8h	234.18	+0.006%	$19.1M	$84.7M	25x	as long as short
Extended NBIS-USDshort	+0.0160%	1h	234.12	−0.021%	$147K	$698K	10x
Phoenix NBIS	+0.0308%	1h	234.17	+0.001%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0312%	1h	234.24	+0.031%	$904K	$4.3M	10x	as long as short
Entropy io:NBIS	+0.0474%	1h	234.13	−0.016%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0592%	4h	234.09	−0.032%	$38K	$226K	10x	as long as short