Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Deribit against Binance+0.257%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.257% dearer against Binance than usual: you sell high and buy low, +$26 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	228.02	0	get 0.0000% / 8h	7h 36m	$18.5M	$88.6M	25x
Short	Deribit NBIS_USDC-PERPETUAL	228.61	0	get 0.0000% / 1h	36m 37s	$34K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.257%Rate

Funding earned: $0
Price spread: +0.257% → 0.000%: $25.72
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $8.72
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Binance: live order book, 6 min ago; Deribit: 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 Binance live order book, 6 min ago	0.22 bp	8.7 bp −$9	25.6 bp −$256	94.2 bp −$9,416	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0275%	8h	227.94	−0.037%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0016%	8h	228.98	+0.419%	$201K	$212K	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	229.39	+0.599%	$355K	$806K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	228.16	+0.058%	$80K	$313K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	228.07	+0.021%	$146K	$877K	10x	as long as short
Binance NBISUSDTlong	0.0000%	8h	228.02	long leg	$18.5M	$88.6M	25x
Bybit NBISUSDT	0.0000%	8h	228.00	−0.010%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	227.89	−0.059%	$3.2M	$15.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	228.12	+0.042%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	228.94	+0.403%	$2.8M	$576K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NBIS_USDT_Perp	0.0000%	8h	228.78	+0.330%	$4K	$114K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	228.99	+0.424%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUALshort	0.0000%	1h	228.61	+0.257%	$34K	$49K	10x
HTX NBIS-USDT	0.0000%	8h	228.61	+0.257%	$15K	$58K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	228.52	+0.218%	$1.5M	$971K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	227.99	−0.015%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	227.82	−0.089%	—	$224K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	227.76	−0.116%	$135K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	228.62	+0.262%	$69	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	228.53	+0.222%	$148K	$538K	10x	as long as short
Nado NBIS-PERP	+0.0063%	1h	227.81	−0.094%	$38K	$116K	3x	as long as short
QFEX NBIS-USD	+0.0064%	1h	228.00	−0.010%	$1.5M	$3.6M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0075%	1h	228.03	+0.003%	$53.2M	$21.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	228.11	+0.038%	$470K	$57K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	228.84	+0.358%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	228.65	+0.277%	—	—	10x	as long as short
Lighter NBIS	+0.0136%	1h	228.04	+0.007%	$913K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0277%	1h	229.09	+0.468%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0306%	1h	228.44	+0.183%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0682%	1h	228.78	+0.332%	$22K	$16K	20x	as long as short
edgeX NBISUSDC	+0.0808%	4h	228.81	+0.344%	$37K	$227K	10x	as long as short