Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0040%/8hnext payment +$0.05 per $10,000 · paid last 24h −0.011%

Price spread now: Arcus against Extended−0.084%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Extended Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.121%+$12 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.084%, 7d avg +0.021%

Together, before fees+0.179%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.106% cheaper against Extended than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.021%). If the spread goes back, that is −$11 on $10k: about 8.8 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.121% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	234.42	0	get 0.0000% / 1h	22m 27s	$141K	$694K	10x
Short	Arcus NBIS-USD	234.22	0.0040	get 0.0005% / 1h	22m 27s	$40K	$118K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Extended. 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 ExtendedbpFee ArcusbpOrdersPrice spread, now −0.084%Rate

Funding earned: $8.46
Price spread: −0.084% → +0.021%: −$10.58
Slippage, 4 orders: −$31.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$42.77
Costs to cover: 0.407%
Break-even: 42.4 days

Slippage from Extended: live order book, 10 min ago; Arcus: live order book, 9 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 Extended live order book, 10 min ago	3.43 bp	14.0 bp −$14	114.3 bp −$1,143	doesn't fit	doesn't fit
Sell Arcus live order book, 9 min ago	3.43 bp	5.7 bp −$6	10.5 bp −$105	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
Kraken Futures PF_NBISUSD	−0.0161%	1h	234.35	−0.028%	$25K	$11K	20x	as long as short
Extended NBIS-USDlong	0.0000%	1h	234.42	long leg	$141K	$694K	10x
Binance NBISUSDT	0.0000%	8h	234.37	−0.020%	$20.3M	$82.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.33	−0.037%	$5.2M	$6.1M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.49	+0.031%	$3.5M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.39	−0.012%	$2.9M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.34	−0.033%	$2.5M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	234.16	−0.110%	$2.9M	$923K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.23	−0.079%	$5K	$140K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.34	−0.033%	$933	$1.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	234.21	−0.089%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.44	+0.010%	$1.6M	$906K	10x	as long as short
Aster NBISUSDT	+0.0001%	8h	234.43	+0.004%	$111K	$265K	50x	as long as short
BloFin NBIS-USDT	+0.0022%	8h	234.44	+0.010%	$213K	$215K	20x	as long as short
QFEX NBIS-USD	+0.0033%	1h	234.40	−0.008%	$1.5M	$5.0M	10x	as long as short
Arcus NBIS-USDshort	+0.0040%	1h	234.22	−0.084%	$40K	$118K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	234.53	+0.048%	—	$230K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.44	+0.010%	$135K	$554K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.39	−0.012%	$98	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.18	−0.101%	$160K	$491K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.17	−0.106%	$494K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.36	−0.025%	$2K	$4K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.31	−0.044%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0113%	1h	234.35	−0.029%	$54.8M	$22.3M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	235.35	+0.398%	$370K	$652K	10x	as long as short
Entropy io:NBIS	+0.0127%	1h	234.18	−0.101%	$10.3M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0134%	1h	234.29	−0.054%	$36K	$88K	10x	as long as short
edgeX NBISUSDC	+0.0141%	4h	234.26	−0.068%	$38K	$238K	10x	as long as short
Nado NBIS-PERP	+0.0166%	1h	234.22	−0.086%	$29K	$65K	3x	as long as short
Lighter NBIS	+0.0208%	1h	234.52	+0.044%	$985K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0340%	1h	234.30	−0.050%	$7K	$180K	10x	as long as short