Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: OKX against Aevo−0.036%50s7-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 OKX

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.036% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	231.42	0.0104	pay 0.0013% / 1h	33m 31s	—	—	10x
Short	OKX NBIS-USDT-SWAP	231.34	0	get 0.0000% / 8h	33m 31s	$3.3M	$16.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$21.84
Price spread: −0.036% → 0.000%: −$3.62
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$51.46
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: 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 OKX live order book, 5 min ago	2.38 bp	12.2 bp −$12	31.4 bp −$314	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 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	−0.0432%	8h	231.43	+0.003%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.32	−0.043%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.29	−0.056%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.36	−0.027%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.48	+0.024%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	231.34	−0.036%	$3.3M	$16.1M	25x
Gate NBIS_USDT	0.0000%	8h	231.44	+0.007%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	−0.110%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.32	−0.045%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.36	−0.028%	$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	231.29	−0.058%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.47	+0.020%	$1.6M	$970K	10x	as long as short
BloFin NBIS-USDT	+0.0028%	8h	231.35	−0.032%	$203K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.16	−0.114%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.49	+0.029%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.30	−0.053%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.36	−0.028%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.06	−0.157%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.447%	$353K	$810K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.23	−0.084%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.43	+0.003%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	231.42	long leg	—	—	10x
SoDEX NBIS-USD	+0.0109%	1h	231.37	−0.023%	$102	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0151%	1h	231.34	−0.036%	$54.4M	$21.1M	10x	as long as short
Nado NBIS-PERP	+0.0173%	1h	231.14	−0.121%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.13	−0.127%	$7K	$125K	10x	as long as short
edgeX NBISUSDC	+0.0332%	4h	231.30	−0.055%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0352%	1h	231.40	−0.010%	$933K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0440%	1h	231.28	−0.062%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.41	−0.007%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0701%	1h	231.56	+0.059%	$34K	$49K	10x	as long as short