Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against KuCoin+0.051%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.051% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it 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	KuCoin NBISUSDTM	235.45	0.0100	pay 0.0100% / 8h	6h 59m	$485K	$22K	20x
Short	Orderly PERP_NBIS_USDC_mythos	235.57	0.0100	get 0.0100% / 8h	6h 59m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → 0.000%: $5.1
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.9
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 53 min ago; Orderly: 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 KuCoin live order book, 53 min ago	27.78 bp	67.7 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Kraken Futures PF_NBISUSD	−0.0179%	1h	235.41	−0.016%	$24K	$15K	20x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.52	+0.030%	$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-INTX	+0.0016%	1h	236.05	+0.255%	$386K	$736K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.51	+0.025%	$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	235.91	+0.195%	—	$223K	5x	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_mythosshort	+0.0100%	8h	235.57	+0.051%	$2K	$3K	10x
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
Polymarket Perps NBIS-USD	+0.0126%	1h	235.52	+0.030%	$142K	$462K	10x	as long as short
Nado NBIS-PERP	+0.0136%	1h	235.53	+0.033%	$31K	$66K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0163%	1h	235.49	+0.017%	$55.1M	$23.6M	10x	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	235.84	+0.164%	$82K	$308K	50x	as long as short
Binance NBISUSDT	+0.0287%	8h	235.58	+0.053%	$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
Arcus NBIS-USD	+0.0366%	1h	235.58	+0.055%	$44K	$133K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0375%	8h	235.73	+0.118%	$5K	$131K	10x	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	$163K	10x	as long as short
edgeX NBISUSDC	+0.0981%	4h	235.58	+0.055%	$38K	$227K	10x	as long as short