Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.047%

Price spread now: Arcus against BloFin+0.017%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.077%+$8 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now +0.017%, 7d avg −0.028%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.045% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	234.66	0.0247	pay 0.0247% / 8h	12m 44s	$206K	$213K	20x
Short	Arcus NBIS-USD	234.70	0.0269	get 0.0034% / 1h	12m 44s	$44K	$134K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now +0.017%Rate

Funding earned: $4.5
Price spread: +0.017% → −0.028%: $4.53
Slippage, 4 orders: −$12.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.09
Costs to cover: 0.291%
Break-even: 38.2 days

Slippage from BloFin: live order book, 57 min ago; Arcus: live order book, just now.

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 BloFin live order book, 57 min ago	0.86 bp	9.1 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit
Sell Arcus live order book, just now	2.98 bp	6.9 bp −$7	11.2 bp −$112	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	234.31	−0.149%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.61	−0.021%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.55	−0.047%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.51	−0.064%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.75	+0.038%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.58	−0.034%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	234.81	+0.064%	$360K	$679K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.85	+0.081%	$15K	$116K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.61	−0.021%	$1.6M	$976K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.01	+0.149%	—	$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	+0.030%	$142K	$738K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.66	0.000%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.72	+0.026%	$1.5M	$5.2M	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0053%	1h	234.98	+0.136%	$174K	$499K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.43	−0.098%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.71	+0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.74	+0.034%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0194%	1h	234.77	+0.046%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0221%	8h	235.11	+0.190%	$2.9M	$822K	—	as long as short
Aster NBISUSDT	+0.0230%	8h	234.64	−0.008%	$81K	$308K	50x	as long as short
Binance NBISUSDT	+0.0247%	8h	234.43	−0.097%	$19.4M	$86.5M	25x	as long as short
BloFin NBIS-USDTlong	+0.0247%	8h	234.66	long leg	$206K	$213K	20x
Extended NBIS-USD	+0.0248%	1h	234.49	−0.074%	$139K	$703K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.41	−0.105%	$24K	$15K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0249%	8h	235.06	+0.169%	$5K	$138K	10x	as long as short
Arcus NBIS-USDshort	+0.0269%	1h	234.70	+0.017%	$44K	$134K	5x
tradeXYZ xyz:NBIS	+0.0302%	1h	234.58	−0.034%	$54.7M	$23.5M	10x	as long as short
Lighter NBIS	+0.0352%	1h	234.65	−0.004%	$926K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	235.17	+0.217%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0406%	4h	234.92	+0.112%	$38K	$236K	10x	as long as short
Entropy io:NBIS	+0.0491%	1h	234.75	+0.038%	$10.3M	$3.4M	10x	as long as short