Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0057%/8h= −6.2% APRnext payment $0.07 per $10,000 · paid last 24h +0.006%
Price spread now: Coinbase International against Nado−0.157%7-day average +0.106% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$760.757% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.108%+$11 on $10k
Price spread, last 4 days (all we have)+0.371%+$37 · spread now −0.157%, 7d avg +0.106%
Together, before fees+0.478%+ Points / potential airdropNado: Active · farm board+$48 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.263% cheaper against Nado than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.106%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.108%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado NBIS-PERP233.060.0145pay 0.0018% / 1h0m 01s$38K$86K3x
ShortCoinbase International NBIS-PERP-INTX232.690.0088get 0.0011% / 1h0m 01s$381K$877K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Nado. 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

Funding earned
−$11.98
Price spread: −0.157% → +0.106%
−$26.32
Slippage, 4 orders
−$58.66
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$113.97
Costs to cover
0.757%
Break-even
never at this rate
Slippage from Nado: live order book, 50 min ago; Coinbase International: live order book, 51 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 50 min ago11.93 bp16.1 bp −$1680.5 bp −$805doesn't fitdoesn't fit
Sell Coinbase International live order book, 51 min ago5.64 bp10.6 bp −$1115.5 bp −$155doesn't fitdoesn't fit

NBIS on 31 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NBIS-USDT-SWAP0.0000%8h233.34+0.121%$3.3M$16.5M25xas long as short
Gate NBIS_USDT0.0000%8h233.41+0.152%$2.7M$5.1M50xas long as short
Bitget NBISUSDT0.0000%8h233.41+0.152%$2.3M$4.5M20xas long as short
SunX NBIS-USDT0.0000%8h232.68−0.162%$1K$1.5M10xas long as short
HTX NBIS-USDT0.0000%8h232.33−0.312%$13K$62K20xas long as short
Phemex NBISUSDT0.0000%8h233.44+0.164%$1.6M$969K10xas long as short
Vest NBIS-USD-PERP+0.0046%1h233.47+0.177%$250K5xas long as short
Polymarket Perps NBIS-USD+0.0050%1h233.30+0.104%$139K$473K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h232.95−0.046%$153K$537K10xas long as short
Variational Omni NBIS+0.0053%8h232.76−0.127%$2.9M$638Kas long as short
Show all 31 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX NBIS-USD+0.0054%1h233.10+0.018%$1.6M$3.6M10xas long as short
Bybit NBISUSDT+0.0064%8h233.37+0.134%$5.0M$6.7M50xas long as short
Aster NBISUSDT+0.0073%8h233.11+0.021%$75K$312K50xas long as short
Coinbase International NBIS-PERP-INTXshort+0.0088%1h232.69−0.157%$381K$877K10x
KuCoin NBISUSDTM+0.0100%8h233.16+0.044%$474K$167K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h233.47+0.177%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.40+0.148%10xas long as short
Extended NBIS-USD+0.0112%1h233.42+0.157%$146K$844K10xas long as short
Binance NBISUSDT+0.0115%8h233.40+0.147%$20.3M$91.3M25xas long as short
BloFin NBIS-USDT+0.0127%8h232.47−0.252%$157K$216K20xas long as short
Nado NBIS-PERPlong+0.0145%1h233.06long leg$38K$86K3x
SoDEX NBIS-USD+0.0198%1h233.01−0.020%$56$19K10xas long as short
Arcus NBIS-USD+0.0257%1h233.11+0.023%$42K$121K5xas long as short
tradeXYZ xyz:NBIS+0.0296%1h233.27+0.091%$55.0M$19.3M10xas long as short
Phoenix NBIS+0.0347%1h232.54−0.222%$7K$127K10xas long as short
GRVT NBIS_USDT_Perp+0.0361%8h232.54−0.222%$4K$103K10xas long as short
Lighter NBIS+0.0384%1h233.39+0.143%$944K$4.1M10xas long as short
Entropy io:NBIS+0.0674%1h232.51−0.235%$10.1M$3.1M10xas long as short
edgeX NBISUSDC+0.0732%4h232.38−0.290%$37K$227K10xas long as short
Kraken Futures PF_NBISUSD+0.0761%1h233.36+0.128%$22K$11K20xas long as short
Deribit NBIS_USDC-PERPETUAL+0.1208%1h233.56+0.216%$35K$49K10xas long as short