Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.013%

Price spread now: Ondo Perps against Binance+0.023%7-day average −0.053% · you sell dearer than you buy

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.856%−$86 · spread now +0.023%, 7d avg −0.053%

Together, before fees−0.828%+ Points / potential airdropOndo Perps: Active · farm board−$83 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.076% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	230.92	0	get 0.0000% / 8h	7m 06s	$18.8M	$88.0M	25x
Short	Ondo Perps NBIS-USD.P	230.97	0.0050	get 0.0006% / 1h	7m 06s	$150K	$542K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.023%Rate

Funding earned: $10.58
Price spread: +0.023% → −0.053%: $7.59
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $3.17
Costs to cover: 0.150%
Break-even: 4.9 days

Slippage unknown: Binance: live order book, 6 min ago; Ondo Perps: 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	8.0 bp −$8	22.2 bp −$222	83.6 bp −$8,355	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0369%	8h	231.04	+0.053%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.98	+0.027%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.85	−0.029%	$144K	$876K	10x	as long as short
Binance NBISUSDTlong	0.0000%	8h	230.92	long leg	$18.8M	$88.0M	25x
Bybit NBISUSDT	0.0000%	8h	230.97	+0.023%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.93	+0.005%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.91	−0.003%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.87	−0.020%	$2.8M	$589K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.93	+0.007%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.84	−0.034%	$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
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.82	−0.042%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.01	+0.040%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.97	+0.023%	$1.6M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0011%	8h	231.03	+0.049%	$204K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.88	−0.016%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	230.96	+0.018%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.83	−0.038%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.84	−0.034%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.95	+0.014%	$79	$20K	10x	as long as short
Ondo Perps NBIS-USD.Pshort	+0.0050%	1h	230.97	+0.023%	$150K	$542K	10x
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.90	−0.008%	$357K	$811K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.81	−0.047%	$476K	$26K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.96	+0.018%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.93	+0.007%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0118%	1h	230.87	−0.021%	$54.0M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0183%	1h	230.82	−0.041%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0264%	1h	230.92	+0.001%	$938K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.04	+0.053%	$7K	$125K	10x	as long as short
edgeX NBISUSDC	+0.0347%	4h	230.92	−0.001%	$37K	$226K	10x	as long as short
Entropy io:NBIS	+0.0411%	1h	230.92	+0.001%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0541%	1h	230.93	+0.004%	$23K	$15K	20x	as long as short