NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0109%/8h= −12.0% APRnext payment −$0.14 per $10,000 · paid last 24h −0.038%

Price spread now: Polymarket Perps against Coinbase International−0.508%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.419%−$42 on $10k

Price spread, last 4 days (all we have)+0.340%+$34 · spread now −0.508%, 7d avg −0.097%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Polymarket Perps is 0.411% cheaper against Coinbase International than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.097%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	234.06	0.0224	pay 0.0028% / 1h	44m 04s	$383K	$861K	10x
Short	Polymarket Perps NBIS-USD	232.87	0.0115	get 0.0014% / 1h	44m 04s	$129K	$478K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.508%Rate

Funding earned: −$22.95
Price spread: −0.508% → −0.097%: −$41.13
Slippage, 4 orders: −$27.47
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$109.55
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 62 min ago; Polymarket Perps: live order book, 62 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, 62 min ago	11.13 bp	16.2 bp −$16	22.8 bp −$228	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 62 min ago	1.92 bp	5.9 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	232.78	−0.547%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.84	−0.521%	$2.7M	$4.8M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	232.71	−0.577%	$2.3M	$4.4M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.73	−0.568%	$1K	$1.4M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.71	−0.577%	$12K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.99	−0.457%	$1.6M	$968K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0039%	1h	232.92	−0.485%	$22K	$10K	20x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.79	−0.543%	$1K	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.10	−0.410%	$151K	$520K	10x	as long as short
Vest NBIS-USD-PERP	+0.0052%	1h	232.97	−0.466%	—	$250K	5x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0053%	1h	232.90	−0.496%	$1.6M	$3.6M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.71	−0.577%	$472K	$252K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.79	−0.543%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.72	−0.573%	—	—	10x	as long as short
Polymarket Perps NBIS-USDshort	+0.0115%	1h	232.87	−0.508%	$129K	$478K	10x
Variational Omni NBIS	+0.0182%	8h	232.52	−0.660%	$2.9M	$623K	—	as long as short
Nado NBIS-PERP	+0.0187%	1h	232.51	−0.662%	$38K	$54K	3x	as long as short
edgeX NBISUSDC	+0.0203%	4h	232.68	−0.590%	$31K	$234K	10x	as long as short
BloFin NBIS-USDT	+0.0211%	8h	232.77	−0.551%	$209K	$216K	20x	as long as short
Aster NBISUSDT	+0.0213%	8h	233.08	−0.417%	$81K	$314K	50x	as long as short
Bybit NBISUSDT	+0.0220%	8h	232.96	−0.470%	$5.4M	$6.9M	50x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0224%	1h	234.06	long leg	$383K	$861K	10x
Extended NBIS-USD	+0.0232%	1h	232.74	−0.563%	$147K	$1.0M	10x	as long as short
Binance NBISUSDT	+0.0236%	8h	232.85	−0.517%	$20.5M	$90.3M	25x	as long as short
Lighter NBIS	+0.0400%	1h	232.95	−0.474%	$941K	$3.7M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0408%	1h	232.86	−0.513%	$55.7M	$19.0M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0419%	8h	232.93	−0.482%	$5K	$101K	10x	as long as short
Phoenix NBIS	+0.0444%	1h	233.23	−0.355%	$7K	$117K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0524%	1h	232.83	−0.526%	$36K	$50K	10x	as long as short
Entropy io:NBIS	+0.0680%	1h	232.86	−0.513%	$10.2M	$2.9M	10x	as long as short
Arcus NBIS-USD	+0.0870%	1h	232.83	−0.526%	$43K	$116K	5x	as long as short