Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: SunX against Ondo Perps−0.051%7-day average +0.017% · you buy dearer than you sell

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

Long on Ondo Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$16 on $10k

Price spread, last 4 days (all we have)−0.190%−$19 · spread now −0.051%, 7d avg +0.017%

Together, before fees−0.355%+ Points / potential airdropOndo Perps: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.069% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NBIS-USD.P	234.46	0.0050	pay 0.0006% / 1h	23m 46s	$164K	$498K	10x
Short	SunX NBIS-USDT	234.34	0	get 0.0000% / 8h	5h 23m	$1K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$10.58
Price spread: −0.051% → +0.017%: −$6.86
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$30.45
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 12 min ago. 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 SunX live order book, 12 min ago	45.17 bp	64.2 bp −$64	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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	234.55	+0.038%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.53	+0.030%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.56	+0.043%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.49	+0.013%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.49	+0.011%	$4K	$127K	10x	as long as short
SunX NBIS-USDTshort	0.0000%	8h	234.34	−0.051%	$1K	$1.7M	10x
HTX NBIS-USDT	0.0000%	8h	234.54	+0.034%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.48	+0.009%	$1.6M	$962K	10x	as long as short
Nado NBIS-PERP	+0.0004%	1h	234.27	−0.081%	$65K	$98K	3x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.31	−0.064%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.37	−0.038%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.49	+0.013%	—	$215K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0049%	1h	234.36	−0.043%	$35K	$48K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.33	−0.055%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.44	−0.009%	$38	$20K	10x	as long as short
Ondo Perps NBIS-USD.Plong	+0.0050%	1h	234.46	long leg	$164K	$498K	10x
tradeXYZ xyz:NBIS	+0.0077%	1h	234.49	+0.013%	$55.0M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0091%	8h	234.48	+0.007%	$2.9M	$568K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.27	−0.081%	$483K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.46	0.000%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.46	0.000%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.397%	$382K	$712K	10x	as long as short
BloFin NBIS-USDT	+0.0114%	8h	234.39	−0.030%	$206K	$204K	20x	as long as short
Aster NBISUSDT	+0.0121%	8h	234.65	+0.082%	$81K	$307K	50x	as long as short
Extended NBIS-USD	+0.0128%	1h	234.46	0.000%	$146K	$702K	10x	as long as short
Binance NBISUSDT	+0.0130%	8h	234.53	+0.030%	$19.1M	$84.5M	25x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.41	−0.022%	$23K	$15K	20x	as long as short
Lighter NBIS	+0.0248%	1h	234.54	+0.034%	$902K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.85	+0.166%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0488%	1h	234.44	−0.009%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0699%	4h	234.45	−0.006%	$38K	$226K	10x	as long as short