Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against OKX−0.086%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.086% cheaper against OKX than usual: you would sell low and buy high (spread −0.086% 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	OKX NBIS-USDT-SWAP	233.63	0	get 0.0000% / 8h	6h 34m	$3.4M	$16.5M	25x
Short	Aevo NBIS-PERP	233.43	0.0104	get 0.0013% / 1h	34m 47s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.086%Rate

Funding earned: $21.84
Price spread: −0.086% → 0.000%: −$8.62
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$12.78
Costs to cover: 0.260%
Break-even: 11.1 days

Slippage unknown: OKX: live order book, 4 min ago; 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 OKX live order book, 4 min ago	0.21 bp	10.2 bp −$10	30.1 bp −$301	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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
Bybit NBISUSDT	0.0000%	8h	233.62	−0.004%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAPlong	0.0000%	8h	233.63	long leg	$3.4M	$16.5M	25x
Gate NBIS_USDT	0.0000%	8h	233.63	0.000%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.66	+0.013%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.56	−0.030%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.40	−0.098%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.58	−0.021%	$1.6M	$972K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0016%	8h	233.46	−0.071%	$5K	$129K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.49	−0.060%	$1.5M	$4.6M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.35	−0.120%	$42K	$132K	5x	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	233.55	−0.034%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.44	−0.081%	$148K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.43	−0.086%	$93	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.49	−0.060%	$163K	$499K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.39	−0.102%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.41	−0.094%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.44	−0.081%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPshort	+0.0104%	1h	233.43	−0.086%	—	—	10x
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.036%	$386K	$721K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0113%	1h	233.53	−0.043%	$54.7M	$20.0M	10x	as long as short
Nado NBIS-PERP	+0.0139%	1h	233.26	−0.157%	$67K	$94K	3x	as long as short
Variational Omni NBIS	+0.0207%	8h	233.54	−0.039%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0211%	8h	233.64	+0.006%	$81K	$314K	50x	as long as short
Binance NBISUSDT	+0.0231%	8h	233.60	−0.011%	$19.2M	$85.0M	25x	as long as short
Extended NBIS-USD	+0.0232%	1h	233.53	−0.045%	$150K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.175%	$207K	$209K	20x	as long as short
Lighter NBIS	+0.0296%	1h	233.46	−0.073%	$901K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	233.42	−0.090%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	233.46	−0.073%	$10.1M	$3.3M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0436%	1h	233.39	−0.103%	$35K	$48K	10x	as long as short
edgeX NBISUSDC	+0.0636%	4h	233.36	−0.115%	$37K	$226K	10x	as long as short