Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0402%/8h= +44.0% APRpaid last 24h +0.016%

Price spread now: Extended against Bitget−0.007%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.007%, 7d avg −0.036%

Together, before fees−0.072%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Extended is 0.029% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.036%. Mind the row above: over the last 7 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NBISUSDT	231.96	−0.0402	get 0.0402% / 8h	2h 03m	$2.3M	$4.6M	20x
Short	Extended NBIS-USD	231.94	0	get 0.0000% / 1h	3m 28s	$146K	$753K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.007%Rate

Funding earned: $84.42
Price spread: −0.007% → −0.036%: $2.93
Slippage, 4 orders: −$40.04
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $30.31
Costs to cover: 0.570%
Break-even: 4.5 days

Slippage from Bitget: live order book, 5 min ago; Extended: live order book, 44 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 Bitget live order book, 5 min ago	1.51 bp	16.6 bp −$17	19.6 bp −$196	31.9 bp −$3,189	doesn't fit
Sell Extended live order book, 44 min ago	1.94 bp	11.8 bp −$12	165.8 bp −$1,658	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 NBISUSDTlong	−0.0402%	8h	231.96	long leg	$2.3M	$4.6M	20x
Aster NBISUSDT	0.0000%	8h	231.84	−0.050%	$85K	$311K	50x	as long as short
Extended NBIS-USDshort	0.0000%	1h	231.94	−0.007%	$146K	$753K	10x
Binance NBISUSDT	0.0000%	8h	231.92	−0.017%	$18.6M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.95	−0.004%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.89	−0.030%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.02	+0.026%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.29	+0.144%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.27	+0.132%	$5K	$117K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.11	+0.065%	$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	232.23	+0.116%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.98	+0.009%	$1.6M	$958K	10x	as long as short
BloFin NBIS-USDT	+0.0027%	8h	232.16	+0.086%	$202K	$206K	20x	as long as short
QFEX NBIS-USD	+0.0029%	1h	231.94	−0.009%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.00	+0.017%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.90	−0.026%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.81	−0.065%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.29	+0.142%	$151K	$548K	10x	as long as short
Nado NBIS-PERP	+0.0054%	1h	231.77	−0.084%	$38K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.82	−0.060%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.93	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.90	−0.028%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0120%	1h	231.85	−0.047%	$54.5M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0135%	1h	231.93	−0.013%	$88	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	232.18	+0.095%	$352K	$816K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	231.90	−0.024%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.20	+0.103%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0272%	1h	232.00	+0.017%	$938K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0399%	1h	231.96	0.000%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0481%	4h	232.13	+0.075%	$37K	$227K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0570%	1h	231.87	−0.039%	$34K	$49K	10x	as long as short