Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h +0.080%

Price spread now: tradeXYZ against Bitget−0.047%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.047%, 7d avg −0.041%

Together, before fees+0.175%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.148%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NBISUSDT	235.35	0.0106	pay 0.0106% / 8h	6h 58m	$2.5M	$4.6M	20x
Short	tradeXYZ xyz:NBIS	235.24	0.0055	get 0.0007% / 1h	58m 44s	$55.0M	$23.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$10.78
Price spread: −0.047% → −0.041%: −$0.6
Slippage, 4 orders: −$28.77
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$70.14
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; tradeXYZ: live order book, 11 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, 4 min ago	2.12 bp	14.6 bp −$15	27.5 bp −$275	39.9 bp −$3,993	doesn't fit
Sell tradeXYZ live order book, 11 min ago	1.06 bp	11.5 bp −$12	15.7 bp −$157	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	235.31	−0.017%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.39	+0.017%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.29	−0.025%	$2.8M	$4.9M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.35	0.000%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.33	−0.008%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.61	+0.110%	$15K	$66K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.40	+0.021%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.43	+0.034%	$1.5M	$4.9M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.85	+0.212%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.46	+0.047%	$142K	$462K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX NBIS-USD	+0.0050%	1h	235.36	+0.004%	$94	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.44	+0.038%	$174K	$502K	10x	as long as short
tradeXYZ xyz:NBISshort	+0.0055%	1h	235.24	−0.047%	$55.0M	$23.6M	10x
Kraken Futures PF_NBISUSD	+0.0095%	1h	235.31	−0.018%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.33	−0.008%	$485K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.50	+0.064%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.40	+0.022%	—	—	10x	as long as short
Bitget NBISUSDTlong	+0.0106%	8h	235.35	long leg	$2.5M	$4.6M	20x
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.297%	$386K	$736K	10x	as long as short
Nado NBIS-PERP	+0.0134%	1h	235.47	+0.051%	$31K	$66K	3x	as long as short
Lighter NBIS	+0.0240%	1h	235.31	−0.017%	$918K	$4.4M	10x	as long as short
Variational Omni NBIS	+0.0263%	8h	235.53	+0.076%	$2.9M	$591K	—	as long as short
Aster NBISUSDT	+0.0263%	8h	235.61	+0.113%	$81K	$308K	50x	as long as short
Binance NBISUSDT	+0.0285%	8h	235.27	−0.034%	$19.5M	$85.4M	25x	as long as short
Extended NBIS-USD	+0.0288%	1h	235.27	−0.034%	$151K	$705K	10x	as long as short
BloFin NBIS-USDT	+0.0310%	8h	235.50	+0.064%	$207K	$210K	20x	as long as short
Entropy io:NBIS	+0.0342%	1h	235.47	+0.051%	$10.3M	$3.4M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0361%	8h	235.62	+0.115%	$5K	$131K	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.58	+0.098%	$44K	$133K	5x	as long as short
Phoenix NBIS	+0.0409%	1h	235.61	+0.110%	$7K	$149K	10x	as long as short
edgeX NBISUSDC	+0.0981%	4h	235.58	+0.097%	$38K	$227K	10x	as long as short