Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h —

Price spread now: Aevo against Ondo Perps−0.026%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps 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—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.026% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 38 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NBIS-USD.P	233.56	0.0050	pay 0.0006% / 1h	54m 54s	$151K	$523K	10x
Short	Aevo NBIS-PERP	233.50	0.0104	get 0.0013% / 1h	54m 54s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Ondo Perps. 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 Ondo PerpsbpFee AevobpOrdersPrice spread, now −0.026%Rate

Funding earned: $11.26
Price spread: −0.026% → 0.000%: −$2.57
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$12.32
Costs to cover: 0.210%
Break-even: 14.7 days

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Ondo Perps and 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 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.18	−0.163%	$3.3M	$16.3M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.26	−0.128%	$2.7M	$4.8M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.20	−0.154%	$2.3M	$4.4M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.58	+0.009%	$958	$1.4M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.31	−0.107%	$35K	$48K	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.34	−0.094%	$1.6M	$968K	10x	as long as short
HTX NBIS-USDT	+0.0004%	8h	233.85	+0.124%	$13K	$61K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0039%	1h	233.42	−0.059%	$22K	$10K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.47	−0.039%	$129K	$478K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.37	−0.081%	$1K	$20K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.Plong	+0.0050%	1h	233.56	long leg	$151K	$523K	10x
Vest NBIS-USD-PERP	+0.0052%	1h	233.70	+0.060%	—	$250K	5x	as long as short
QFEX NBIS-USD	+0.0053%	1h	233.37	−0.081%	$1.6M	$3.6M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.27	−0.124%	$474K	$241K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.54	−0.009%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPshort	+0.0104%	1h	233.50	−0.026%	—	—	10x
Nado NBIS-PERP	+0.0154%	1h	233.21	−0.149%	$38K	$79K	3x	as long as short
edgeX NBISUSDC	+0.0171%	4h	233.78	+0.092%	$31K	$233K	10x	as long as short
Variational Omni NBIS	+0.0211%	8h	233.52	−0.016%	$2.9M	$629K	—	as long as short
Coinbase International NBIS-PERP-INTX	+0.0224%	1h	234.06	+0.214%	$383K	$862K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0230%	1h	233.20	−0.154%	$55.5M	$18.6M	10x	as long as short
Bybit NBISUSDT	+0.0237%	8h	233.25	−0.133%	$5.4M	$6.9M	50x	as long as short
Aster NBISUSDT	+0.0238%	8h	233.90	+0.146%	$81K	$314K	50x	as long as short
Extended NBIS-USD	+0.0272%	1h	233.29	−0.116%	$146K	$1.0M	10x	as long as short
BloFin NBIS-USDT	+0.0273%	8h	233.33	−0.098%	$208K	$216K	20x	as long as short
Binance NBISUSDT	+0.0274%	8h	233.36	−0.085%	$20.6M	$90.3M	25x	as long as short
Phoenix NBIS	+0.0377%	1h	233.79	+0.098%	$7K	$117K	10x	as long as short
Lighter NBIS	+0.0384%	1h	233.35	−0.090%	$946K	$3.7M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0554%	8h	233.93	+0.158%	$5K	$102K	10x	as long as short
Entropy io:NBIS	+0.0649%	1h	233.71	+0.064%	$10.2M	$2.9M	10x	as long as short
Arcus NBIS-USD	+0.0870%	1h	233.56	0.000%	$42K	$117K	5x	as long as short