Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.080%

Price spread now: HTX against Coinbase International+0.432%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.486%−$49 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.432% dearer against Coinbase International than usual: you sell high and buy low (spread +0.432% now, against zero (this spread has no 7-day history yet)): +$43 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.486% in total) that is about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	233.53	0.0104	pay 0.0013% / 1h	25m 00s	$382K	$712K	10x
Short	HTX NBIS-USDT	234.54	0	get 0.0000% / 8h	5h 25m	$15K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.432%Rate

Funding earned: −$21.84
Price spread: +0.432% → 0.000%: $43.25
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$0.59
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 38 min ago; HTX: 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 Coinbase International live order book, 38 min ago	9.19 bp	14.2 bp −$14	19.4 bp −$194	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
Bybit NBISUSDT	0.0000%	8h	234.45	+0.394%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.25	+0.308%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.42	+0.381%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.34	+0.347%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.49	+0.409%	$4K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.43	+0.385%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDTshort	0.0000%	8h	234.54	+0.432%	$15K	$60K	20x
Phemex NBISUSDT	0.0000%	8h	234.41	+0.377%	$1.6M	$962K	10x	as long as short
Nado NBIS-PERP	+0.0003%	1h	234.27	+0.318%	$65K	$98K	3x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.39	+0.368%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.41	+0.377%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.60	+0.458%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.36	+0.355%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.35	+0.351%	$37	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.70	+0.501%	$164K	$499K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0074%	1h	234.29	+0.325%	$54.9M	$19.7M	10x	as long as short
Variational Omni NBIS	+0.0091%	8h	234.48	+0.405%	$2.9M	$568K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.18	+0.278%	$483K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.40	+0.373%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.38	+0.365%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0104%	1h	233.53	long leg	$382K	$712K	10x
BloFin NBIS-USDT	+0.0114%	8h	234.39	+0.368%	$206K	$204K	20x	as long as short
Aster NBISUSDT	+0.0122%	8h	234.63	+0.472%	$81K	$307K	50x	as long as short
Extended NBIS-USD	+0.0128%	1h	234.27	+0.317%	$146K	$702K	10x	as long as short
Binance NBISUSDT	+0.0131%	8h	234.37	+0.360%	$19.1M	$84.5M	25x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.32	+0.337%	$23K	$15K	20x	as long as short
Lighter NBIS	+0.0248%	1h	234.37	+0.360%	$901K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.85	+0.565%	$7K	$150K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0391%	1h	234.30	+0.330%	$35K	$48K	10x	as long as short
Entropy io:NBIS	+0.0481%	1h	234.46	+0.398%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0699%	4h	234.45	+0.392%	$38K	$226K	10x	as long as short