Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.003%
Price spread now: Kraken Futures against Coinbase International+0.139%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.139% dearer against Coinbase International than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International NBIS-PERP-INTX231.920.0168pay 0.0021% / 1h9m 29s$351K$815K10x
ShortKraken Futures PF_NBISUSD232.240.0222get 0.0028% / 1h9m 29s$23K$15K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$11.28
Price spread: +0.139% → 0.000%
$13.91
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$5.18
Costs to cover
0.200%
Break-even
3.8 days
Slippage unknown: Coinbase International: live order book, 39 min ago; Kraken Futures: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 39 min ago7.11 bp13.8 bp −$1421.3 bp −$213doesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
Kraken Futures: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NBISUSDT−0.0469%8h232.34+0.181%$2.3M$4.6M20xas long as short
BloFin NBIS-USDT−0.0008%8h232.16+0.103%$204K$206K20xas long as short
Aster NBISUSDT0.0000%8h232.26+0.146%$85K$311K50xas long as short
Extended NBIS-USD0.0000%1h232.30+0.162%$146K$753K10xas long as short
Binance NBISUSDT0.0000%8h232.32+0.172%$18.6M$87.0M25xas long as short
Bybit NBISUSDT0.0000%8h232.35+0.185%$4.9M$6.5M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h232.27+0.151%$3.3M$16.2M25xas long as short
Gate NBIS_USDT0.0000%8h232.41+0.211%$2.7M$5.1M50xas long as short
Variational Omni NBIS0.0000%8h232.26+0.148%$2.8M$602Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h232.32+0.173%$5K$117K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX NBIS-USDT0.0000%8h232.17+0.108%$1K$1.6M10xas long as short
HTX NBIS-USDT0.0000%8h232.24+0.138%$15K$61K20xas long as short
Phemex NBISUSDT0.0000%8h232.46+0.233%$1.6M$957K10xas long as short
QFEX NBIS-USD+0.0029%1h232.35+0.185%$1.5M$3.9M10xas long as short
Nado NBIS-PERP+0.0038%1h232.25+0.141%$38K$115K3xas long as short
Arcus NBIS-USD+0.0040%1h231.920.000%$42K$132K5xas long as short
edgeX NBISUSDC+0.0045%4h232.19+0.117%$37K$226K10xas long as short
Vest NBIS-USD-PERP+0.0046%1h232.30+0.164%$220K5xas long as short
Polymarket Perps NBIS-USD+0.0050%1h232.22+0.129%$138K$473K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h232.09+0.073%$152K$548K10xas long as short
KuCoin NBISUSDTM+0.0100%8h232.15+0.099%$478K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h232.30+0.164%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h232.30+0.162%10xas long as short
tradeXYZ xyz:NBIS+0.0111%1h232.28+0.155%$54.6M$21.1M10xas long as short
SoDEX NBIS-USD+0.0139%1h232.28+0.155%$102$20K10xas long as short
Coinbase International NBIS-PERP-INTXlong+0.0168%1h231.92long leg$351K$815K10x
Kraken Futures PF_NBISUSDshort+0.0222%1h232.24+0.139%$23K$15K20x
Phoenix NBIS+0.0242%1h232.31+0.168%$7K$150K10xas long as short
Lighter NBIS+0.0248%1h232.42+0.216%$940K$4.0M10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0310%1h232.15+0.099%$34K$49K10xas long as short
Entropy io:NBIS+0.0383%1h231.99+0.030%$10.1M$3.2M10xas long as short