Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.057%

Price spread now: Polymarket Perps against Bybit+0.072%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.072%, 7d avg −0.004%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.076% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NBISUSDT	234.78	0	get 0.0000% / 8h	14m 05s	$5.2M	$6.5M	50x
Short	Polymarket Perps NBIS-USD	234.95	0.0050	get 0.0006% / 1h	14m 05s	$142K	$738K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.072%Rate

Funding earned: $10.5
Price spread: +0.072% → −0.004%: $7.63
Slippage, 4 orders: −$18.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.93
Costs to cover: 0.371%
Break-even: 19.6 days

Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 64 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 Bybit live order book, 4 min ago	1.91 bp	11.3 bp −$11	72.9 bp −$729	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 64 min ago	1.71 bp	5.7 bp −$6	6.2 bp −$62	25.2 bp −$2,522	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 NBISUSDTlong	0.0000%	8h	234.78	long leg	$5.2M	$6.5M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	234.80	+0.009%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.86	+0.034%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.77	−0.004%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.04	+0.111%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.77	−0.004%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	234.81	+0.013%	$360K	$679K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.07	+0.124%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.88	+0.043%	$1.6M	$976K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.12	+0.145%	—	$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-USDshort	+0.0050%	1h	234.95	+0.072%	$142K	$738K	10x
SoDEX NBIS-USD	+0.0050%	1h	234.88	+0.043%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.84	+0.026%	$1.5M	$5.2M	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0061%	1h	234.98	+0.085%	$174K	$499K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.73	−0.021%	$484K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.90	+0.051%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.93	+0.064%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0197%	1h	234.88	+0.044%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0221%	8h	235.11	+0.139%	$2.9M	$822K	—	as long as short
Aster NBISUSDT	+0.0235%	8h	235.11	+0.142%	$81K	$308K	50x	as long as short
BloFin NBIS-USDT	+0.0247%	8h	234.93	+0.064%	$206K	$214K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.60	−0.076%	$24K	$15K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0249%	8h	235.06	+0.118%	$5K	$138K	10x	as long as short
Binance NBISUSDT	+0.0253%	8h	234.79	+0.002%	$19.4M	$86.5M	25x	as long as short
Extended NBIS-USD	+0.0256%	1h	234.75	−0.015%	$139K	$703K	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.94	+0.068%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0304%	1h	234.86	+0.034%	$54.8M	$23.4M	10x	as long as short
Lighter NBIS	+0.0368%	1h	234.97	+0.081%	$930K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	235.07	+0.124%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0490%	1h	234.93	+0.064%	$10.3M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0874%	4h	235.04	+0.111%	$38K	$236K	10x	as long as short