Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h −0.014%

Price spread now: Polymarket Perps against BloFin+0.026%45s7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.343% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.026%, 7d avg −0.028%

Together, before fees+0.039%+$4 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 Polymarket Perps is 0.054% 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%. Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	229.14	0.0015	pay 0.0015% / 8h	7h 20m	$202K	$213K	20x
Short	Polymarket Perps NBIS-USD	229.20	0.0050	get 0.0006% / 1h	20m 31s	$136K	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.026%Rate

Funding earned: $7.25
Price spread: +0.026% → −0.028%: $5.44
Slippage, 4 orders: −$14.3
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.6
Costs to cover: 0.343%
Break-even: 27.9 days

Slippage from BloFin: live order book, 45 min ago; Polymarket Perps: live order book, 77 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 BloFin live order book, 45 min ago	0.87 bp	8.6 bp −$9	15.8 bp −$158	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 77 min ago	2.60 bp	7.4 bp −$7	7.7 bp −$77	38.9 bp −$3,889	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	−0.0198%	8h	229.36	+0.096%	$2.3M	$4.6M	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	226.87	−0.991%	$352K	$801K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	228.77	−0.164%	$73K	$320K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	229.37	+0.102%	$143K	$859K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	229.40	+0.113%	$18.4M	$89.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	229.44	+0.131%	$4.8M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	229.33	+0.083%	$3.2M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	229.26	+0.052%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	229.38	+0.105%	$2.8M	$597K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	228.55	−0.257%	$4K	$113K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	229.11	−0.013%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	228.88	−0.113%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	229.10	−0.017%	$1.5M	$971K	10x	as long as short
BloFin NBIS-USDTlong	+0.0015%	8h	229.14	long leg	$202K	$213K	20x
edgeX NBISUSDC	+0.0030%	4h	228.53	−0.266%	$37K	$227K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	229.44	+0.131%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	229.27	+0.057%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USDshort	+0.0050%	1h	229.20	+0.026%	$136K	$466K	10x
Ondo Perps NBIS-USD.P	+0.0050%	1h	229.31	+0.074%	$147K	$534K	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	229.41	+0.118%	$1.5M	$3.7M	10x	as long as short
Nado NBIS-PERP	+0.0070%	1h	228.51	−0.273%	$38K	$116K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	229.04	−0.044%	$471K	$75K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	228.85	−0.127%	$2K	$3K	10x	as long as short
Lighter NBIS	+0.0104%	1h	229.35	+0.092%	$900K	$4.1M	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	228.83	−0.137%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0108%	1h	229.37	+0.100%	$53.5M	$21.6M	10x	as long as short
SoDEX NBIS-USD	+0.0143%	1h	228.85	−0.127%	$69	$20K	10x	as long as short
Phoenix NBIS	+0.0277%	1h	227.46	−0.733%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0312%	1h	228.77	−0.161%	$10.0M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0624%	1h	229.13	−0.004%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0682%	1h	228.81	−0.146%	$22K	$16K	20x	as long as short