Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.027%

Price spread now: Arcus against OKX+0.196%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.128%+$13 on $10k

Price spread, last 4 days (all we have)−0.331%−$33 · spread now +0.196%, 7d avg −0.013%

Together, before fees−0.203%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.209% dearer against OKX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NBIS-USDT-SWAP	234.87	0	get 0.0000% / 8h	6h 57m	$3.4M	$16.7M	25x
Short	Arcus NBIS-USD	235.33	0.0040	get 0.0005% / 1h	57m 17s	$43K	$135K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.196%Rate

Funding earned: $8.46
Price spread: +0.196% → −0.013%: $20.88
Slippage, 4 orders: −$21.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$6.23
Costs to cover: 0.356%
Break-even: 12.2 days

Slippage from OKX: live order book, 1 min ago; Arcus: live order book, 11 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 OKX live order book, 1 min ago	0.64 bp	8.8 bp −$9	22.2 bp −$222	doesn't fit	doesn't fit
Sell Arcus live order book, 11 min ago	2.33 bp	12.5 bp −$12	20.4 bp −$204	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
Bybit NBISUSDT	0.0000%	8h	234.77	−0.043%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAPlong	0.0000%	8h	234.87	long leg	$3.4M	$16.7M	25x
Gate NBIS_USDT	0.0000%	8h	234.86	−0.004%	$2.8M	$4.9M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.84	−0.013%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.61	+0.315%	$15K	$66K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.86	−0.004%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	234.74	−0.055%	$1.5M	$4.9M	10x	as long as short
Arcus NBIS-USDshort	+0.0040%	1h	235.33	+0.196%	$43K	$135K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	235.16	+0.123%	—	$223K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0048%	1h	234.75	−0.051%	$35K	$48K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.82	−0.021%	$142K	$462K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.84	−0.013%	$89	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.07	+0.085%	$174K	$506K	10x	as long as short
Nado NBIS-PERP	+0.0051%	1h	234.78	−0.038%	$31K	$66K	3x	as long as short
Bitget NBISUSDT	+0.0091%	8h	234.90	+0.013%	$2.5M	$4.6M	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0095%	1h	234.66	−0.089%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.86	−0.004%	$484K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.88	+0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.86	−0.002%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.502%	$386K	$736K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0124%	1h	234.79	−0.034%	$54.9M	$23.7M	10x	as long as short
Lighter NBIS	+0.0184%	1h	234.98	+0.047%	$916K	$4.4M	10x	as long as short
Aster NBISUSDT	+0.0257%	8h	235.16	+0.124%	$81K	$308K	50x	as long as short
Variational Omni NBIS	+0.0263%	8h	235.53	+0.280%	$2.9M	$591K	—	as long as short
Extended NBIS-USD	+0.0280%	1h	234.80	−0.029%	$151K	$705K	10x	as long as short
Binance NBISUSDT	+0.0281%	8h	234.87	0.000%	$19.5M	$85.4M	25x	as long as short
Entropy io:NBIS	+0.0294%	1h	235.25	+0.162%	$10.3M	$3.4M	10x	as long as short
BloFin NBIS-USDT	+0.0310%	8h	235.50	+0.268%	$207K	$210K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0325%	8h	235.40	+0.226%	$5K	$131K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.10	+0.098%	$7K	$152K	10x	as long as short
edgeX NBISUSDC	+0.0967%	4h	235.39	+0.220%	$38K	$225K	10x	as long as short