Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against HTX−0.089%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.089% cheaper against HTX than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NBIS-USDT	235.57	0	get 0.0000% / 8h	5h 02m	$15K	$60K	20x
Short	Aevo NBIS-PERP	235.36	0.0104	get 0.0013% / 1h	2m 55s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.089%Rate

Funding earned: $21.84
Price spread: −0.089% → 0.000%: −$8.85
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$15.01
Costs to cover: 0.280%
Break-even: 11.8 days

Slippage unknown: HTX: no order-book sample; Aevo: no order-book sample. 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 HTX no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

HTX and Aevo: 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	−0.0015%	1h	235.35	−0.094%	$64K	$100K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.35	−0.093%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.41	−0.068%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.37	−0.085%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.28	−0.123%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.56	−0.003%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.27	−0.127%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.22	−0.149%	$35K	$48K	10x	as long as short
HTX NBIS-USDTlong	0.0000%	8h	235.57	long leg	$15K	$60K	20x
Phemex NBISUSDT	0.0000%	8h	235.38	−0.081%	$1.6M	$960K	10x	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	+0.0023%	1h	235.28	−0.123%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.27	−0.127%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.55	−0.008%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.30	−0.115%	$150K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.39	−0.076%	$56	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.52	−0.021%	$165K	$500K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0065%	1h	235.28	−0.123%	$55.2M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0075%	8h	235.50	−0.030%	$2.9M	$565K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.19	−0.161%	$484K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.40	−0.072%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPshort	+0.0104%	1h	235.36	−0.089%	—	—	10x
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.35	−0.093%	$389K	$725K	10x	as long as short
Aster NBISUSDT	+0.0112%	8h	235.37	−0.087%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0116%	8h	235.32	−0.106%	$19.2M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0120%	1h	235.30	−0.114%	$147K	$706K	10x	as long as short
BloFin NBIS-USDT	+0.0145%	8h	235.27	−0.127%	$207K	$204K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0151%	1h	235.19	−0.161%	$24K	$15K	20x	as long as short
Lighter NBIS	+0.0264%	1h	235.41	−0.068%	$901K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	235.50	−0.030%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0518%	1h	235.39	−0.076%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0535%	4h	235.54	−0.011%	$38K	$227K	10x	as long as short