Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against Bybit−0.071%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.071% cheaper against Bybit than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NBISUSDT	233.42	0	get 0.0000% / 8h	3h 14m	$5.0M	$6.3M	50x
Short	Aevo NBIS-PERP	233.26	0.0104	get 0.0013% / 1h	14m 26s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.071%Rate

Funding earned: $21.84
Price spread: −0.071% → 0.000%: −$7.06
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$12.22
Costs to cover: 0.270%
Break-even: 10.9 days

Slippage unknown: Bybit: live order book, 3 min ago; Aevo: no order-book sample. Net counts fees only.

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 Bybit live order book, 3 min ago	0.86 bp	14.5 bp −$15	69.9 bp −$699	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster NBISUSDT	0.0000%	8h	233.43	+0.003%	$78K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.31	−0.046%	$146K	$640K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.39	−0.011%	$19.0M	$85.2M	25x	as long as short
Bybit NBISUSDTlong	0.0000%	8h	233.42	long leg	$5.0M	$6.3M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	233.32	−0.043%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.35	−0.030%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.34	−0.034%	$2.3M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.10	−0.135%	$2.9M	$552K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.98	−0.190%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.31	−0.047%	$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
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.28	−0.060%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.51	+0.039%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.35	−0.030%	$1.6M	$954K	10x	as long as short
Nado NBIS-PERP	+0.0017%	1h	233.36	−0.024%	$38K	$115K	3x	as long as short
BloFin NBIS-USDT	+0.0030%	8h	233.30	−0.051%	$206K	$205K	20x	as long as short
QFEX NBIS-USD	+0.0034%	1h	233.37	−0.021%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.05	−0.159%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.48	+0.026%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	233.26	−0.069%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	233.33	−0.039%	$54.4M	$20.1M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.33	−0.039%	$143K	$460K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.19	−0.099%	$107	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.35	−0.030%	$160K	$501K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.29	−0.056%	$481K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.35	−0.030%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPshort	+0.0104%	1h	233.26	−0.071%	—	—	10x
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	232.88	−0.231%	$361K	$767K	10x	as long as short
edgeX NBISUSDC	+0.0114%	4h	232.90	−0.221%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0224%	1h	233.41	−0.004%	$926K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	232.87	−0.236%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0301%	1h	233.24	−0.077%	$10.1M	$3.2M	10x	as long as short