Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.012%

Price spread now: Vest against OKX+0.124%48s7-day average +0.473% · you sell dearer than you buy

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

Long on OKX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.124%, 7d avg +0.473%

Together, before fees−0.019%+ Points / potential airdropVest: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.349% cheaper against OKX than usual: you would sell low and buy high (spread +0.124% now, against its 7-day average of +0.473%). If the spread goes back, that is −$35 on $10k: about 25 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.017% in total) that is about 2 months. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NBIS-USDT-SWAP	233.59	0	get 0.0000% / 8h	3h 37m	$3.4M	$16.1M	25x
Short	Vest NBIS-USD-PERP	233.88	0.0046	get 0.0006% / 1h	37m 46s	—	$216K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.124%Rate

Funding earned: $9.59
Price spread: +0.124% → +0.473%: −$34.87
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$37.28
Costs to cover: 0.120%
Break-even: 34.2 days

Slippage unknown: OKX: live order book, 1 min ago; Vest: 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, 1 min ago	1.93 bp	8.6 bp −$9	19.4 bp −$194	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
BloFin NBIS-USDT	−0.0023%	8h	233.61	+0.009%	$206K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	233.90	+0.133%	$78K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.67	+0.036%	$147K	$699K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.74	+0.064%	$19.2M	$84.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.75	+0.068%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAPlong	0.0000%	8h	233.59	long leg	$3.4M	$16.1M	25x
Gate NBIS_USDT	0.0000%	8h	233.75	+0.068%	$2.7M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.73	+0.060%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.67	+0.036%	$2.9M	$556K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	233.70	+0.047%	$4K	$119K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	233.83	+0.103%	$849	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.10	+0.218%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.83	+0.103%	$1.6M	$954K	10x	as long as short
Nado NBIS-PERP	+0.0022%	1h	233.59	−0.002%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0034%	1h	233.75	+0.068%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.70	+0.047%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERPshort	+0.0046%	1h	233.88	+0.124%	—	$216K	5x
Kraken Futures PF_NBISUSD	+0.0049%	1h	233.58	−0.006%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	233.54	−0.021%	$54.4M	$20.0M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.68	+0.039%	$147K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.66	+0.030%	$75	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.98	+0.167%	$160K	$502K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.60	+0.004%	$481K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.66	+0.030%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.63	+0.017%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.56	+0.843%	$389K	$724K	10x	as long as short
edgeX NBISUSDC	+0.0171%	4h	233.69	+0.043%	$38K	$226K	10x	as long as short
Phoenix NBIS	+0.0239%	1h	233.81	+0.094%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0240%	1h	233.66	+0.030%	$912K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0293%	1h	233.73	+0.060%	$10.1M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0349%	1h	233.68	+0.039%	$35K	$49K	10x	as long as short