Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: SunX against Extended−0.115%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1521.517% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.115%, 7d avg +0.035%

Together, before fees−0.115%+ Points / potential airdropExtended: Active · farm board−$12 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: SunX is 0.151% cheaper against Extended than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	229.37	0	get 0.0000% / 1h	20m 44s	$143K	$859K	10x
Short	SunX NBIS-USDT	229.11	0	get 0.0000% / 8h	7h 20m	$1K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.115%Rate

Funding earned: $0
Price spread: −0.115% → +0.035%: −$15.06
Slippage, 4 orders: −$138.7
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$166.75
Costs to cover: 1.517%
Break-even: never at this rate

Slippage from Extended: live order book, 12 min ago; SunX: live order book, 4 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, 12 min ago	1.98 bp	12.2 bp −$12	97.2 bp −$972	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	44.98 bp	63.9 bp −$64	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
Bitget NBISUSDT	−0.0198%	8h	229.39	+0.007%	$2.3M	$4.6M	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	226.87	−1.092%	$352K	$801K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	228.73	−0.282%	$73K	$320K	50x	as long as short
Extended NBIS-USDlong	0.0000%	1h	229.37	long leg	$143K	$859K	10x
Binance NBISUSDT	0.0000%	8h	229.39	+0.007%	$18.4M	$89.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	229.44	+0.029%	$4.8M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	229.35	−0.011%	$3.2M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	229.26	−0.050%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	229.38	+0.003%	$2.8M	$597K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	228.55	−0.359%	$4K	$113K	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-USDTshort	0.0000%	8h	229.11	−0.115%	$1K	$1.6M	10x
HTX NBIS-USDT	0.0000%	8h	228.88	−0.216%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	229.10	−0.120%	$1.5M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0015%	8h	229.14	−0.102%	$202K	$213K	20x	as long as short
edgeX NBISUSDC	+0.0030%	4h	228.53	−0.368%	$37K	$227K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	229.44	+0.029%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	228.64	−0.320%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	228.50	−0.381%	$136K	$466K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	229.31	−0.028%	$147K	$534K	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	228.76	−0.268%	$1.5M	$3.7M	10x	as long as short
Nado NBIS-PERP	+0.0070%	1h	228.51	−0.375%	$38K	$116K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	229.04	−0.146%	$471K	$75K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	228.85	−0.229%	$2K	$3K	10x	as long as short
Lighter NBIS	+0.0104%	1h	229.35	−0.011%	$900K	$4.1M	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	228.83	−0.239%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0108%	1h	229.28	−0.041%	$53.5M	$21.6M	10x	as long as short
SoDEX NBIS-USD	+0.0143%	1h	228.85	−0.229%	$69	$20K	10x	as long as short
Phoenix NBIS	+0.0277%	1h	227.46	−0.835%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0312%	1h	228.77	−0.263%	$10.0M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0624%	1h	229.13	−0.107%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0682%	1h	228.81	−0.248%	$22K	$16K	20x	as long as short