Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.031%

Price spread now: tradeXYZ against Binance−0.073%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.073%, 7d avg −0.051%

Together, before fees+0.197%+ Points / potential airdroptradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.023% cheaper against Binance than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.051%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	231.46	0	get 0.0000% / 8h	31m 24s	$18.7M	$87.8M	25x
Short	tradeXYZ xyz:NBIS	231.29	0.0148	get 0.0019% / 1h	31m 24s	$54.3M	$21.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.073%Rate

Funding earned: $31.15
Price spread: −0.073% → −0.051%: −$2.26
Slippage, 4 orders: −$11.22
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$10.32
Costs to cover: 0.392%
Break-even: 9.3 days

Slippage from Binance: live order book, 11 min ago; tradeXYZ: live order book, 8 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 Binance live order book, 11 min ago	0.22 bp	8.1 bp −$8	21.7 bp −$217	79.3 bp −$7,934	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.22 bp	10.7 bp −$11	14.1 bp −$141	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
Bitget NBISUSDT	−0.0419%	8h	231.45	−0.004%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.36	−0.045%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.40	−0.027%	$148K	$876K	10x	as long as short
Binance NBISUSDTlong	0.0000%	8h	231.46	long leg	$18.7M	$87.8M	25x
Bybit NBISUSDT	0.0000%	8h	231.42	−0.017%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.44	−0.009%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.46	0.000%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	−0.125%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.32	−0.061%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.48	+0.009%	$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
HTX NBIS-USDT	0.0000%	8h	231.45	−0.004%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.42	−0.017%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0011%	8h	231.41	−0.022%	$204K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.21	−0.108%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.43	−0.013%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.28	−0.078%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.37	−0.039%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.25	−0.091%	$151K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.462%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.19	−0.117%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.41	−0.022%	$2K	$3K	10x	as long as short
SoDEX NBIS-USD	+0.0103%	1h	231.39	−0.030%	$97	$20K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.38	−0.033%	—	—	10x	as long as short
tradeXYZ xyz:NBISshort	+0.0148%	1h	231.29	−0.073%	$54.3M	$21.1M	10x
Nado NBIS-PERP	+0.0171%	1h	231.20	−0.112%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.38	−0.035%	$7K	$125K	10x	as long as short
Lighter NBIS	+0.0344%	1h	231.38	−0.035%	$933K	$4.0M	10x	as long as short
edgeX NBISUSDC	+0.0414%	4h	231.38	−0.035%	$37K	$227K	10x	as long as short
Entropy io:NBIS	+0.0439%	1h	231.24	−0.095%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.28	−0.077%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0615%	1h	231.35	−0.048%	$34K	$49K	10x	as long as short