Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0080%/8hnext payment −$0.10 per $10,000 · paid last 24h −0.089%

Price spread now: Arcus against Coinbase International−0.480%7-day average −0.116% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.058%−$6 on $10k

Price spread, last 3 days (all we have)+0.371%+$37 · spread now −0.480%, 7d avg −0.116%

Together, before fees+0.314%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Arcus is 0.365% cheaper against Coinbase International than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.116%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	235.35	0.0120	pay 0.0015% / 1h	22m 16s	$370K	$652K	10x
Short	Arcus NBIS-USD	234.22	0.0040	get 0.0005% / 1h	22m 16s	$40K	$118K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −0.480%Rate

Funding earned: −$16.74
Price spread: −0.480% → −0.116%: −$36.46
Slippage, 4 orders: −$27.2
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$94.9
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 10 min ago; Arcus: live order book, 10 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 Coinbase International live order book, 10 min ago	9.22 bp	14.3 bp −$14	20.9 bp −$209	doesn't fit	doesn't fit
Sell Arcus live order book, 10 min ago	3.43 bp	5.7 bp −$6	10.5 bp −$105	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
Kraken Futures PF_NBISUSD	−0.0161%	1h	234.39	−0.409%	$25K	$11K	20x	as long as short
Extended NBIS-USD	0.0000%	1h	234.36	−0.421%	$141K	$694K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	234.37	−0.416%	$20.3M	$82.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.34	−0.429%	$5.2M	$6.1M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.32	−0.438%	$3.5M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.34	−0.429%	$2.9M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.34	−0.429%	$2.5M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	234.16	−0.506%	$2.9M	$923K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.23	−0.474%	$5K	$140K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.34	−0.429%	$933	$1.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	234.21	−0.484%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.44	−0.387%	$1.6M	$906K	10x	as long as short
Aster NBISUSDT	+0.0001%	8h	234.38	−0.412%	$111K	$265K	50x	as long as short
BloFin NBIS-USDT	+0.0022%	8h	234.44	−0.387%	$213K	$215K	20x	as long as short
QFEX NBIS-USD	+0.0033%	1h	234.40	−0.404%	$1.5M	$5.0M	10x	as long as short
Arcus NBIS-USDshort	+0.0040%	1h	234.22	−0.480%	$40K	$118K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	234.53	−0.348%	—	$230K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.44	−0.387%	$135K	$554K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.35	−0.425%	$98	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.18	−0.497%	$160K	$491K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.12	−0.523%	$493K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.37	−0.416%	$2K	$4K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.35	−0.423%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0113%	1h	234.31	−0.442%	$54.8M	$22.3M	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0120%	1h	235.35	long leg	$370K	$652K	10x
Entropy io:NBIS	+0.0127%	1h	234.18	−0.497%	$10.3M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0141%	4h	234.26	−0.464%	$38K	$238K	10x	as long as short
Nado NBIS-PERP	+0.0166%	1h	234.24	−0.473%	$29K	$65K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0177%	1h	234.35	−0.425%	$36K	$88K	10x	as long as short
Lighter NBIS	+0.0208%	1h	234.52	−0.353%	$985K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0340%	1h	234.30	−0.446%	$7K	$180K	10x	as long as short