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

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.075%
Price spread now: SunX against Coinbase International−0.099%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1451.450% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.509%−$51 on $10k
Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.099%, 7d avg −0.093%
Together, before fees−0.558%−$56 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.093%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International NBIS-PERP-INTX232.300.0104pay 0.0013% / 1h3m 17s$361K$771K10x
ShortSunX NBIS-USDT232.070get 0.0000% / 8h3h 03m$984$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$21.84
Price spread: −0.099% → −0.093%
−$0.6
Slippage, 4 orders
−$126.95
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$167.39
Costs to cover
1.450%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 50 min ago; SunX: live order book, 12 min ago.

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, 50 min ago2.99 bp8.9 bp −$916.6 bp −$166doesn't fitdoesn't fit
Sell SunX live order book, 12 min ago45.20 bp64.2 bp −$64doesn't fitdoesn't fitdoesn't fit

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
Aster NBISUSDT0.0000%8h232.300.000%$78K$307K50xas long as short
Extended NBIS-USD0.0000%1h231.97−0.142%$151K$667K10xas long as short
Binance NBISUSDT0.0000%8h232.03−0.117%$18.8M$85.6M25xas long as short
Bybit NBISUSDT0.0000%8h232.11−0.082%$4.9M$6.4M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h231.99−0.133%$3.3M$16.1M25xas long as short
Gate NBIS_USDT0.0000%8h232.19−0.047%$2.7M$5.1M50xas long as short
Bitget NBISUSDT0.0000%8h232.08−0.095%$2.3M$4.5M20xas long as short
Variational Omni NBIS0.0000%8h232.62+0.140%$2.9M$552Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h232.41+0.045%$5K$118K10xas long as short
SunX NBIS-USDTshort0.0000%8h232.07−0.099%$984$1.6M10x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX NBIS-USDT0.0000%8h232.34+0.017%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h232.55+0.108%$1.6M$956K10xas long as short
Nado NBIS-PERP+0.0008%1h232.10−0.086%$38K$115K3xas long as short
BloFin NBIS-USDT+0.0009%8h232.15−0.065%$205K$205K20xas long as short
QFEX NBIS-USD+0.0034%1h232.00−0.129%$1.5M$4.0M10xas long as short
Arcus NBIS-USD+0.0040%1h232.23−0.030%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h232.15−0.065%$217K5xas long as short
Kraken Futures PF_NBISUSD+0.0049%1h232.03−0.117%$23K$15K20xas long as short
tradeXYZ xyz:NBIS+0.0050%1h232.01−0.125%$54.1M$20.2M10xas long as short
Polymarket Perps NBIS-USD+0.0050%1h231.99−0.133%$142K$459K10xas long as short
SoDEX NBIS-USD+0.0050%1h232.01−0.125%$107$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h232.20−0.043%$160K$508K10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0095%1h232.01−0.125%$34K$49K10xas long as short
KuCoin NBISUSDTM+0.0100%8h232.03−0.116%$478K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h232.01−0.125%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h231.97−0.143%10xas long as short
Coinbase International NBIS-PERP-INTXlong+0.0104%1h232.30long leg$361K$771K10x
edgeX NBISUSDC+0.0149%4h232.30+0.002%$37K$227K10xas long as short
Lighter NBIS+0.0192%1h232.24−0.026%$918K$4.0M10xas long as short
Phoenix NBIS+0.0239%1h232.36+0.026%$7K$150K10xas long as short
Entropy io:NBIS+0.0298%1h232.43+0.056%$10.1M$3.2M10xas long as short