Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Variational Omni against Binance+0.109%7-day average +0.001% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%$0 on $10k

Price spread, last 7 days−0.125%−$13 · spread now +0.109%, 7d avg +0.001%

Together, before fees−0.130%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.108% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	230.59	0	get 0.0000% / 8h	55m 11s	$18.5M	$87.6M	25x
Short	Variational Omni NBIS	230.84	0	get 0.0000% / 8h	55m 11s	$2.8M	$595K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.001%: $10.75
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.75
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 2 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 2 min ago	0.87 bp	8.5 bp −$9	26.2 bp −$262	93.4 bp −$9,339	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.79 bp	doesn't fit	47.9 bp −$479	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	−0.0533%	8h	230.67	+0.034%	$2.3M	$4.6M	20x	as long as short
Nado NBIS-PERP	−0.0024%	1h	230.56	−0.013%	$37K	$115K	3x	as long as short
BloFin NBIS-USDT	−0.0020%	8h	230.57	−0.009%	$204K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.51	−0.036%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.54	−0.020%	$149K	$631K	10x	as long as short
Binance NBISUSDTlong	0.0000%	8h	230.59	long leg	$18.5M	$87.6M	25x
Bybit NBISUSDT	0.0000%	8h	230.69	+0.043%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.61	+0.008%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.60	+0.004%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBISshort	0.0000%	8h	230.84	+0.109%	$2.8M	$595K	—

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	230.92	+0.141%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.93	+0.147%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.97	+0.164%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.65	+0.026%	$1.6M	$966K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.69	+0.043%	$42K	$132K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	230.57	−0.009%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.55	−0.018%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.49	−0.044%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.59	0.000%	$138	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.77	+0.078%	$151K	$542K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.087%	$353K	$814K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0063%	1h	230.49	−0.044%	$54.1M	$21.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0097%	1h	230.49	−0.044%	$34K	$49K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.52	−0.031%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.59	0.000%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.55	−0.016%	—	—	10x	as long as short
Lighter NBIS	+0.0136%	1h	230.61	+0.008%	$933K	$4.0M	10x	as long as short
edgeX NBISUSDC	+0.0151%	4h	230.84	+0.110%	$37K	$226K	10x	as long as short
Entropy io:NBIS	+0.0221%	1h	230.74	+0.065%	$10.0M	$3.1M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.99	+0.173%	$7K	$125K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0542%	1h	230.52	−0.029%	$23K	$15K	20x	as long as short