Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0400%/8h= +43.8% APRpaid last 24h +0.076%

Price spread now: Lighter against HTX+0.155%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.520%+$52 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 0.155% dearer against HTX than usual: you sell high and buy low: +$15 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	HTX NBIS-USDT	232.71	0	get 0.0000% / 8h	4h 43m	$12K	$61K	20x
Short	Lighter NBIS	233.07	0.0400	get 0.0050% / 1h	43m 25s	$941K	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.155%Rate

Funding earned: $84
Price spread: +0.155% → 0.000%: $15.47
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $87.47
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Lighter: 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	0.43 bp	0.7 bp −$1	2.7 bp −$27	51.4 bp −$5,139	doesn't fit

HTX: 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 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.01	+0.129%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.03	+0.138%	$2.7M	$4.8M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	232.94	+0.099%	$2.3M	$4.4M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.73	+0.009%	$1K	$1.4M	10x	as long as short
HTX NBIS-USDTlong	0.0000%	8h	232.71	long leg	$12K	$61K	20x
Phemex NBISUSDT	0.0000%	8h	232.99	+0.120%	$1.6M	$968K	10x	as long as short
edgeX NBISUSDC	+0.0025%	4h	232.80	+0.040%	$31K	$235K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0039%	1h	232.92	+0.092%	$22K	$10K	20x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.79	+0.034%	$1K	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.10	+0.168%	$151K	$520K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0052%	1h	233.02	+0.133%	—	$250K	5x	as long as short
QFEX NBIS-USD	+0.0053%	1h	232.90	+0.082%	$1.6M	$3.6M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.75	+0.017%	$472K	$253K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.94	+0.099%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.72	+0.004%	—	—	10x	as long as short
Polymarket Perps NBIS-USD	+0.0108%	1h	232.95	+0.103%	$129K	$478K	10x	as long as short
Variational Omni NBIS	+0.0182%	8h	232.52	−0.083%	$2.9M	$623K	—	as long as short
Nado NBIS-PERP	+0.0184%	1h	232.79	+0.033%	$38K	$54K	3x	as long as short
BloFin NBIS-USDT	+0.0211%	8h	232.77	+0.026%	$209K	$216K	20x	as long as short
Aster NBISUSDT	+0.0213%	8h	233.19	+0.208%	$81K	$314K	50x	as long as short
Bybit NBISUSDT	+0.0219%	8h	233.21	+0.215%	$5.4M	$6.9M	50x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0224%	1h	234.06	+0.580%	$383K	$861K	10x	as long as short
Extended NBIS-USD	+0.0232%	1h	232.86	+0.066%	$147K	$1.0M	10x	as long as short
Binance NBISUSDT	+0.0236%	8h	233.03	+0.140%	$20.5M	$90.3M	25x	as long as short
GRVT NBIS_USDT_Perp	+0.0399%	8h	232.90	+0.083%	$5K	$101K	10x	as long as short
Lighter NBISshort	+0.0400%	1h	233.07	+0.155%	$941K	$3.7M	10x
tradeXYZ xyz:NBIS	+0.0411%	1h	233.11	+0.172%	$55.8M	$19.0M	10x	as long as short
Phoenix NBIS	+0.0444%	1h	232.80	+0.039%	$7K	$117K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0524%	1h	232.83	+0.052%	$36K	$50K	10x	as long as short
Entropy io:NBIS	+0.0694%	1h	232.89	+0.077%	$10.2M	$2.9M	10x	as long as short
Arcus NBIS-USD	+0.0870%	1h	232.89	+0.077%	$43K	$116K	5x	as long as short