Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: HTX against Ondo Perps+0.214%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.214% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.214% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NBIS-USD.P	233.37	0.0050	pay 0.0006% / 1h	42m 42s	$152K	$532K	10x
Short	HTX NBIS-USDT	233.87	0	get 0.0000% / 8h	5h 42m	$13K	$62K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.214%Rate

Funding earned: −$10.58
Price spread: +0.214% → 0.000%: $21.43
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$6.16
Costs to cover: 0.170%
Break-even: from the start

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

Ondo Perps and HTX: 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
Deribit NBIS_USDC-PERPETUAL	−0.0049%	1h	233.91	+0.231%	$35K	$49K	10x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.07	+0.300%	$3.3M	$16.6M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.05	+0.291%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.08	+0.304%	$2.3M	$4.6M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.59	+0.094%	$1K	$1.4M	10x	as long as short
HTX NBIS-USDTshort	0.0000%	8h	233.87	+0.214%	$13K	$62K	20x
Phemex NBISUSDT	0.0000%	8h	234.14	+0.330%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.13	+0.326%	—	$250K	5x	as long as short
Ondo Perps NBIS-USD.Plong	+0.0050%	1h	233.37	long leg	$152K	$532K	10x
QFEX NBIS-USD	+0.0058%	1h	233.88	+0.219%	$1.6M	$3.6M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NBISUSDTM	+0.0100%	8h	233.88	+0.219%	$474K	$187K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.94	+0.244%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.06	+0.294%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	234.06	+0.296%	$383K	$883K	10x	as long as short
Variational Omni NBIS	+0.0111%	8h	233.75	+0.161%	$2.9M	$646K	—	as long as short
Bybit NBISUSDT	+0.0112%	8h	234.06	+0.296%	$5.4M	$7.0M	50x	as long as short
Polymarket Perps NBIS-USD	+0.0114%	1h	233.98	+0.261%	$134K	$476K	10x	as long as short
Aster NBISUSDT	+0.0144%	8h	234.28	+0.388%	$81K	$314K	50x	as long as short
Extended NBIS-USD	+0.0176%	1h	233.98	+0.260%	$149K	$842K	10x	as long as short
Binance NBISUSDT	+0.0181%	8h	234.05	+0.291%	$20.5M	$91.5M	25x	as long as short
BloFin NBIS-USDT	+0.0188%	8h	234.13	+0.326%	$208K	$217K	20x	as long as short
Nado NBIS-PERP	+0.0222%	1h	233.98	+0.263%	$38K	$85K	3x	as long as short
edgeX NBISUSDC	+0.0334%	4h	233.78	+0.177%	$31K	$234K	10x	as long as short
Lighter NBIS	+0.0360%	1h	234.05	+0.291%	$946K	$3.8M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0369%	1h	233.79	+0.180%	$22K	$11K	20x	as long as short
Phoenix NBIS	+0.0377%	1h	233.68	+0.133%	$7K	$127K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0388%	1h	233.98	+0.261%	$55.3M	$19.2M	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	234.03	+0.283%	$42K	$119K	5x	as long as short
SoDEX NBIS-USD	+0.0465%	1h	233.83	+0.197%	$80	$19K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0560%	8h	234.24	+0.373%	$4K	$101K	10x	as long as short
Entropy io:NBIS	+0.0758%	1h	234.02	+0.279%	$10.2M	$3.0M	10x	as long as short