Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h +0.061%

Price spread now: Coinbase International against KuCoin+0.255%7-day average +0.151% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1551.548% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.326%+$33 on $10k

Price spread, last 3 days (all we have)−0.097%−$10 · spread now +0.255%, 7d avg +0.151%

Together, before fees+0.228%+$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.104% dearer against KuCoin than usual: you sell high and buy low (spread +0.255% now, against its 7-day average of +0.151%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.326%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	235.45	0.0100	pay 0.0100% / 8h	6h 59m	$485K	$22K	20x
Short	Coinbase International NBIS-PERP-INTX	236.05	0.0016	get 0.0002% / 1h	59m 26s	$386K	$736K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.255%Rate

Funding earned: −$17.64
Price spread: +0.255% → +0.151%: $10.41
Slippage, 4 orders: −$132.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$162.03
Costs to cover: 1.548%
Break-even: never at this rate

Slippage from KuCoin: live order book, 53 min ago; Coinbase International: 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 KuCoin live order book, 53 min ago	27.78 bp	67.7 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 9 min ago	4.88 bp	10.4 bp −$10	14.3 bp −$143	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	−0.0179%	1h	235.41	−0.016%	$24K	$15K	20x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.48	+0.013%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.46	+0.004%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.47	+0.008%	$2.8M	$4.9M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.61	+0.068%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.48	+0.013%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.71	+0.110%	$15K	$66K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.53	+0.034%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0016%	1h	236.05	+0.255%	$386K	$736K	10x
QFEX NBIS-USD	+0.0038%	1h	235.43	−0.008%	$1.5M	$4.9M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	235.85	+0.170%	—	$223K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.51	+0.025%	$55.1M	$23.6M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.46	+0.004%	$142K	$462K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.44	−0.004%	$174K	$502K	10x	as long as short
SoDEX NBIS-USD	+0.0059%	1h	235.52	+0.030%	$89	$20K	10x	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	235.45	long leg	$485K	$22K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.57	+0.051%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.56	+0.048%	—	—	10x	as long as short
Bitget NBISUSDT	+0.0106%	8h	235.52	+0.030%	$2.5M	$4.6M	20x	as long as short
Nado NBIS-PERP	+0.0134%	1h	235.47	+0.008%	$31K	$66K	3x	as long as short
BloFin NBIS-USDT	+0.0261%	8h	235.62	+0.072%	$207K	$211K	20x	as long as short
Variational Omni NBIS	+0.0263%	8h	235.53	+0.033%	$2.9M	$591K	—	as long as short
Aster NBISUSDT	+0.0263%	8h	235.89	+0.187%	$82K	$308K	50x	as long as short
Binance NBISUSDT	+0.0287%	8h	235.53	+0.034%	$19.6M	$85.3M	25x	as long as short
Lighter NBIS	+0.0288%	1h	235.67	+0.093%	$920K	$4.4M	10x	as long as short
Extended NBIS-USD	+0.0288%	1h	235.49	+0.018%	$151K	$705K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0361%	8h	235.62	+0.072%	$5K	$131K	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.58	+0.055%	$44K	$133K	5x	as long as short
Entropy io:NBIS	+0.0388%	1h	235.61	+0.068%	$10.3M	$3.4M	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.61	+0.068%	$7K	$149K	10x	as long as short
edgeX NBISUSDC	+0.0981%	4h	235.58	+0.055%	$38K	$227K	10x	as long as short