Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h +0.061%

Price spread now: Coinbase International against Orderly+0.217%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Coinbase International is 0.217% dearer against Orderly than usual: you sell high and buy low (spread +0.217% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NBIS_USDC_mythos	235.54	0.0100	pay 0.0100% / 8h	7h 21m	$2K	$3K	10x
Short	Coinbase International NBIS-PERP-INTX	236.05	0.0016	get 0.0002% / 1h	21m 45s	$386K	$739K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.217%Rate

Funding earned: −$17.64
Price spread: +0.217% → 0.000%: $21.65
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$11.99
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 51 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 51 min ago	3.20 bp	8.7 bp −$9	16.0 bp −$160	doesn't fit	doesn't fit

Orderly: 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
Kraken Futures PF_NBISUSD	−0.0178%	1h	235.62	+0.033%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.66	+0.051%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.64	+0.042%	$2.8M	$5.1M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.91	+0.157%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.58	+0.017%	$15K	$112K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.70	+0.068%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0016%	1h	236.05	+0.217%	$386K	$739K	10x
QFEX NBIS-USD	+0.0038%	1h	235.69	+0.064%	$1.5M	$4.9M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.92	+0.161%	—	$224K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0047%	1h	235.56	+0.008%	$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
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.64	+0.042%	$175K	$504K	10x	as long as short
Bybit NBISUSDT	+0.0058%	8h	235.76	+0.093%	$5.1M	$6.5M	50x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.44	−0.042%	$485K	$23K	20x	as long as short
Orderly PERP_NBIS_USDC_mythoslong	+0.0100%	8h	235.54	long leg	$2K	$3K	10x
Aevo NBIS-PERP	+0.0104%	1h	235.56	+0.009%	—	—	10x	as long as short
Bitget NBISUSDT	+0.0108%	8h	235.71	+0.072%	$2.5M	$4.6M	20x	as long as short
SoDEX NBIS-USD	+0.0122%	1h	235.65	+0.047%	$47	$20K	10x	as long as short
Nado NBIS-PERP	+0.0181%	1h	235.61	+0.030%	$31K	$66K	3x	as long as short
edgeX NBISUSDC	+0.0184%	4h	235.95	+0.173%	$38K	$228K	10x	as long as short
Variational Omni NBIS	+0.0240%	8h	236.09	+0.234%	$2.9M	$820K	—	as long as short
Aster NBISUSDT	+0.0248%	8h	235.76	+0.091%	$81K	$308K	50x	as long as short
BloFin NBIS-USDT	+0.0255%	8h	235.72	+0.076%	$207K	$211K	20x	as long as short
Binance NBISUSDT	+0.0271%	8h	235.68	+0.061%	$19.6M	$85.6M	25x	as long as short
Extended NBIS-USD	+0.0272%	1h	235.65	+0.045%	$151K	$781K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0301%	1h	235.57	+0.013%	$138K	$451K	10x	as long as short
Lighter NBIS	+0.0328%	1h	235.76	+0.093%	$925K	$4.5M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.65	+0.047%	$44K	$132K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0391%	1h	235.58	+0.017%	$55.1M	$23.7M	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.89	+0.149%	$7K	$163K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0446%	8h	236.00	+0.195%	$5K	$132K	10x	as long as short
Entropy io:NBIS	+0.0864%	1h	235.64	+0.042%	$10.3M	$3.4M	10x	as long as short