Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.045%

Price spread now: KuCoin against Coinbase International−0.836%7-day average −0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$1671.669% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.320%−$32 on $10k

Price spread, last 4 days (all we have)+0.709%+$71 · spread now −0.836%, 7d avg −0.151%

Together, before fees+0.390%+$39 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.685% cheaper against Coinbase International than usual: you would sell low and buy high, −$69 on $10k if it goes back to its 7-day average of −0.151%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	235.56	0.0104	pay 0.0013% / 1h	37m 50s	$389K	$724K	10x
Short	KuCoin NBISUSDTM	233.59	0.0100	get 0.0100% / 8h	3h 37m	$481K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.836%Rate

Funding earned: −$0.84
Price spread: −0.836% → −0.151%: −$68.54
Slippage, 4 orders: −$144.89
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$236.26
Costs to cover: 1.669%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 15 min ago; KuCoin: live order book, 35 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, 15 min ago	2.99 bp	8.9 bp −$9	16.6 bp −$166	doesn't fit	doesn't fit
Sell KuCoin live order book, 35 min ago	18.93 bp	72.6 bp −$73	doesn't fit	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
BloFin NBIS-USDT	−0.0023%	8h	233.61	−0.828%	$206K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	233.89	−0.711%	$78K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.67	−0.801%	$147K	$699K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.75	−0.768%	$19.2M	$84.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.75	−0.768%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.67	−0.802%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.75	−0.768%	$2.7M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.73	−0.777%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.67	−0.801%	$2.9M	$556K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	233.70	−0.790%	$4K	$119K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	233.83	−0.734%	$849	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.10	−0.620%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.83	−0.734%	$1.6M	$954K	10x	as long as short
Nado NBIS-PERP	+0.0022%	1h	233.59	−0.838%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0034%	1h	233.75	−0.768%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.70	−0.790%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.88	−0.713%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	233.58	−0.842%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	233.52	−0.866%	$54.4M	$20.0M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.68	−0.798%	$147K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.66	−0.807%	$75	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.98	−0.671%	$160K	$502K	10x	as long as short
KuCoin NBISUSDTMshort	+0.0100%	8h	233.59	−0.836%	$481K	$20K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.66	−0.807%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.63	−0.820%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0104%	1h	235.56	long leg	$389K	$724K	10x
edgeX NBISUSDC	+0.0171%	4h	233.69	−0.794%	$38K	$226K	10x	as long as short
Phoenix NBIS	+0.0239%	1h	233.81	−0.743%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0240%	1h	233.75	−0.768%	$912K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0287%	1h	233.77	−0.760%	$10.1M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0349%	1h	233.68	−0.798%	$35K	$49K	10x	as long as short