Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0029%/8h= +3.1% APRpaid last 24h +0.001%

Price spread now: Binance against Deribit+0.083%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Binance

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.083% dearer against Deribit than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NBIS_USDC-PERPETUAL	235.34	0.0048	pay 0.0006% / 1h	35m 40s	$35K	$48K	10x
Short	Binance NBISUSDT	235.53	0.0076	get 0.0076% / 8h	4h 35m	$19.4M	$84.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.083%Rate

Funding earned: $6.03
Price spread: +0.083% → 0.000%: $8.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2.69
Costs to cover: 0.170%
Break-even: 10.1 days

Slippage unknown: Deribit: no order-book sample; Binance: live order book, 7 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	0.21 bp	7.4 bp −$7	21.8 bp −$218	75.4 bp −$7,539	doesn't fit

Deribit: 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
Nado NBIS-PERP	−0.0139%	1h	235.51	+0.072%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.50	+0.068%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.49	+0.064%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.55	+0.089%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.55	+0.089%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.75	+0.174%	$5K	$119K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.55	+0.089%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.58	+0.102%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.54	+0.085%	$1.6M	$956K	10x	as long as short
Variational Omni NBIS	+0.0027%	8h	235.51	+0.072%	$2.9M	$563K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0038%	1h	235.43	+0.038%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.41	+0.030%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.82	+0.204%	—	$216K	5x	as long as short
Deribit NBIS_USDC-PERPETUALlong	+0.0048%	1h	235.34	long leg	$35K	$48K	10x
tradeXYZ xyz:NBIS	+0.0050%	1h	235.39	+0.021%	$54.9M	$19.8M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.37	+0.013%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.54	+0.085%	$9	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.53	+0.081%	$161K	$504K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.35	+0.004%	$389K	$724K	10x	as long as short
Aster NBISUSDT	+0.0072%	8h	235.46	+0.050%	$79K	$310K	50x	as long as short
Binance NBISUSDTshort	+0.0076%	8h	235.53	+0.083%	$19.4M	$84.6M	25x
Extended NBIS-USD	+0.0080%	1h	235.49	+0.063%	$147K	$702K	10x	as long as short
edgeX NBISUSDC	+0.0082%	4h	235.58	+0.101%	$38K	$226K	10x	as long as short
BloFin NBIS-USDT	+0.0095%	8h	235.58	+0.102%	$207K	$205K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.31	−0.013%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.51	+0.072%	$2K	$3K	10x	as long as short
Lighter NBIS	+0.0104%	1h	235.43	+0.038%	$898K	$4.0M	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.48	+0.059%	—	—	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.54	+0.085%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0409%	1h	235.49	+0.064%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.38	+0.019%	$24K	$15K	20x	as long as short