Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: HTX against Bitget+0.158%7-day average +0.020% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$17 on $10k

Price spread, last 3 days (all we have)−0.200%−$20 · spread now +0.158%, 7d avg +0.020%

Together, before fees−0.375%−$37 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: HTX is 0.138% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NBISUSDT	234.48	0	get 0.0000% / 8h	12m 36s	$2.5M	$4.8M	20x
Short	HTX NBIS-USDT	234.85	0	get 0.0000% / 8h	12m 36s	$15K	$116K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.158%Rate

Funding earned: $0
Price spread: +0.158% → +0.020%: $13.78
Slippage, 4 orders: −$23.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$34.06
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; HTX: live order book, 63 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	2.34 bp	17.0 bp −$17	19.5 bp −$195	31.8 bp −$3,185	doesn't fit
Sell HTX live order book, 63 min ago	0.86 bp	10.6 bp −$11	22.1 bp −$221	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
Bybit NBISUSDT	0.0000%	8h	234.35	−0.055%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.45	−0.013%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.54	+0.026%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDTlong	0.0000%	8h	234.48	long leg	$2.5M	$4.8M	20x
SunX NBIS-USDT	0.0000%	8h	234.75	+0.115%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.58	+0.043%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	234.81	+0.141%	$360K	$679K	10x	as long as short
HTX NBIS-USDTshort	0.0000%	8h	234.85	+0.158%	$15K	$116K	20x
Phemex NBISUSDT	0.0000%	8h	234.61	+0.055%	$1.6M	$976K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.01	+0.226%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.73	+0.107%	$142K	$738K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.66	+0.077%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.46	−0.009%	$1.5M	$5.2M	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0052%	1h	234.47	−0.004%	$174K	$507K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.38	−0.043%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.71	+0.098%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.74	+0.111%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0194%	1h	234.41	−0.028%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0221%	8h	235.11	+0.267%	$2.9M	$822K	—	as long as short
Aster NBISUSDT	+0.0230%	8h	234.63	+0.064%	$81K	$308K	50x	as long as short
Binance NBISUSDT	+0.0247%	8h	234.44	−0.017%	$19.4M	$86.5M	25x	as long as short
BloFin NBIS-USDT	+0.0247%	8h	234.66	+0.077%	$206K	$213K	20x	as long as short
Extended NBIS-USD	+0.0248%	1h	234.38	−0.043%	$139K	$703K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.41	−0.029%	$24K	$15K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0249%	8h	235.06	+0.246%	$5K	$138K	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.47	−0.004%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0302%	1h	234.58	+0.043%	$54.7M	$23.5M	10x	as long as short
Lighter NBIS	+0.0352%	1h	234.65	+0.073%	$926K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	235.17	+0.294%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0406%	4h	234.92	+0.188%	$38K	$236K	10x	as long as short
Entropy io:NBIS	+0.0491%	1h	234.75	+0.115%	$10.3M	$3.4M	10x	as long as short