Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h —

Price spread now: Aevo against Arcus−0.046%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.046% cheaper against Arcus than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	235.51	0.0040	pay 0.0005% / 1h	58m 37s	$43K	$134K	5x
Short	Aevo NBIS-PERP	235.40	0.0104	get 0.0013% / 1h	58m 37s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Arcus. 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 ArcusbpFee AevobpOrdersPrice spread, now −0.046%Rate

Funding earned: $13.38
Price spread: −0.046% → 0.000%: −$4.56
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.68
Costs to cover: 0.205%
Break-even: 13.1 days

Slippage unknown: Arcus: live order book, 9 min ago; Aevo: no order-book sample. 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 Arcus live order book, 9 min ago	2.33 bp	4.6 bp −$5	14.0 bp −$140	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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
Bybit NBISUSDT	0.0000%	8h	235.23	−0.119%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.18	−0.140%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.28	−0.098%	$2.8M	$4.9M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.35	−0.068%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.33	−0.076%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.61	+0.042%	$15K	$66K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.40	−0.047%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	235.17	−0.144%	$1.5M	$4.9M	10x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	235.51	long leg	$43K	$134K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	235.85	+0.144%	—	$223K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	235.46	−0.021%	$142K	$462K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.36	−0.064%	$94	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.39	−0.051%	$174K	$507K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0055%	1h	235.24	−0.115%	$55.0M	$23.6M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0095%	1h	235.31	−0.086%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.25	−0.110%	$485K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.50	−0.004%	$2K	$3K	10x	as long as short
Bitget NBISUSDT	+0.0101%	8h	235.30	−0.089%	$2.5M	$4.6M	20x	as long as short
Aevo NBIS-PERPshort	+0.0104%	1h	235.40	−0.046%	—	—	10x
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.229%	$386K	$736K	10x	as long as short
Nado NBIS-PERP	+0.0134%	1h	235.47	−0.017%	$31K	$66K	3x	as long as short
Lighter NBIS	+0.0240%	1h	235.31	−0.085%	$918K	$4.4M	10x	as long as short
Aster NBISUSDT	+0.0261%	8h	235.58	+0.031%	$81K	$308K	50x	as long as short
Variational Omni NBIS	+0.0263%	8h	235.53	+0.008%	$2.9M	$591K	—	as long as short
Binance NBISUSDT	+0.0285%	8h	235.20	−0.130%	$19.5M	$85.4M	25x	as long as short
Extended NBIS-USD	+0.0288%	1h	235.19	−0.134%	$151K	$705K	10x	as long as short
BloFin NBIS-USDT	+0.0310%	8h	235.50	−0.004%	$207K	$210K	20x	as long as short
Entropy io:NBIS	+0.0342%	1h	235.47	−0.017%	$10.3M	$3.4M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0361%	8h	235.62	+0.047%	$5K	$131K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.61	+0.042%	$7K	$149K	10x	as long as short
edgeX NBISUSDC	+0.0981%	4h	235.58	+0.029%	$38K	$227K	10x	as long as short