Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.004%

Price spread now: Binance against Arcus+0.052%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.921%+$92 · spread now +0.052%, 7d avg +0.044%

Together, before fees+0.857%+$86 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	230.36	0.0040	pay 0.0005% / 1h	25m 13s	$42K	$132K	5x
Short	Binance NBISUSDT	230.48	0	get 0.0000% / 8h	2h 25m	$18.4M	$86.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.052%Rate

Funding earned: −$8.46
Price spread: +0.052% → +0.044%: $0.83
Slippage, 4 orders: −$22.26
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.39
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Arcus: live order book, 23 min ago; Binance: live order book, 2 min ago.

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, 23 min ago	2.59 bp	6.1 bp −$6	14.2 bp −$142	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.43 bp	9.3 bp −$9	27.0 bp −$270	97.2 bp −$9,724	doesn't fit

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	−0.0479%	8h	230.59	+0.100%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0029%	8h	230.52	+0.069%	$204K	$204K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.46	+0.043%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.45	+0.037%	$146K	$757K	10x	as long as short
Binance NBISUSDTshort	0.0000%	8h	230.48	+0.052%	$18.4M	$86.7M	25x
Bybit NBISUSDT	0.0000%	8h	230.58	+0.096%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.36	0.000%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.55	+0.082%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.38	+0.007%	$2.9M	$554K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.84	+0.207%	$5K	$118K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	230.70	+0.148%	$974	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.52	+0.069%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.54	+0.078%	$1.6M	$955K	10x	as long as short
Nado NBIS-PERP	+0.0013%	1h	230.19	−0.072%	$37K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0029%	1h	230.48	+0.052%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	230.36	long leg	$42K	$132K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	230.26	−0.043%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.43	+0.030%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.36	0.000%	$97	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.21	−0.065%	$152K	$531K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0064%	1h	230.36	0.000%	$53.5M	$20.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.34	−0.009%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.43	+0.030%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.39	+0.012%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	230.62	+0.113%	$353K	$792K	10x	as long as short
Lighter NBIS	+0.0216%	1h	230.51	+0.065%	$928K	$4.0M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0223%	1h	230.40	+0.015%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	230.44	+0.035%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0292%	1h	230.42	+0.026%	$10.0M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0361%	4h	230.33	−0.015%	$37K	$226K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0618%	1h	230.53	+0.074%	$34K	$49K	10x	as long as short