Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0040%/8hnext payment −$0.05 per $10,000 · paid last 24h +0.011%

Price spread now: Extended against Arcus+0.059%7-day average −0.021% · 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−$33as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Arcus Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.121%−$12 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.059%, 7d avg −0.021%

Together, before fees−0.154%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.081% dearer against Arcus than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.021%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 3 days (−0.121% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	234.22	0.0040	pay 0.0005% / 1h	22m 11s	$40K	$118K	5x
Short	Extended NBIS-USD	234.36	0	get 0.0000% / 1h	22m 11s	$141K	$694K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$8.46
Price spread: +0.059% → −0.021%: $8.07
Slippage, 4 orders: −$31.15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$41.04
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from Arcus: live order book, 10 min ago; Extended: live order book, 10 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, 10 min ago	3.43 bp	7.5 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell Extended live order book, 10 min ago	3.43 bp	13.5 bp −$14	94.8 bp −$948	doesn't fit	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
Kraken Futures PF_NBISUSD	−0.0161%	1h	234.39	+0.072%	$25K	$11K	20x	as long as short
Extended NBIS-USDshort	0.0000%	1h	234.36	+0.059%	$141K	$694K	10x
Binance NBISUSDT	0.0000%	8h	234.37	+0.066%	$20.3M	$82.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.35	+0.056%	$5.2M	$6.1M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.34	+0.051%	$3.5M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.36	+0.060%	$2.9M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.34	+0.051%	$2.5M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	234.16	−0.026%	$2.9M	$923K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.23	+0.006%	$5K	$140K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.34	+0.051%	$933	$1.8M	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	234.21	−0.004%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.40	+0.077%	$1.6M	$907K	10x	as long as short
Aster NBISUSDT	+0.0001%	8h	234.37	+0.064%	$111K	$265K	50x	as long as short
BloFin NBIS-USDT	+0.0022%	8h	234.44	+0.094%	$213K	$215K	20x	as long as short
QFEX NBIS-USD	+0.0033%	1h	234.40	+0.077%	$1.5M	$5.0M	10x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	234.22	long leg	$40K	$118K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	234.53	+0.132%	—	$230K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.44	+0.094%	$135K	$554K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.35	+0.056%	$98	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.18	−0.017%	$160K	$491K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.18	−0.017%	$494K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.37	+0.064%	$2K	$4K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.35	+0.058%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0114%	1h	234.37	+0.064%	$54.8M	$22.3M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	235.35	+0.482%	$370K	$652K	10x	as long as short
Entropy io:NBIS	+0.0127%	1h	234.18	−0.017%	$10.3M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0141%	4h	234.26	+0.016%	$38K	$238K	10x	as long as short
Nado NBIS-PERP	+0.0166%	1h	234.24	+0.007%	$29K	$65K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0177%	1h	234.35	+0.056%	$36K	$88K	10x	as long as short
Lighter NBIS	+0.0208%	1h	234.45	+0.098%	$985K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0340%	1h	234.30	+0.034%	$7K	$180K	10x	as long as short