Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.013%

Price spread now: Binance against Polymarket Perps+0.056%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.483%+$48 · spread now +0.056%, 7d avg −0.007%

Together, before fees+0.541%+$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.064% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.007%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NBIS-USD	230.92	0.0050	pay 0.0006% / 1h	10m 05s	$137K	$473K	10x
Short	Binance NBISUSDT	231.05	0	get 0.0000% / 8h	10m 05s	$18.8M	$87.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now +0.056%Rate

Funding earned: −$10.5
Price spread: +0.056% → −0.007%: $6.35
Slippage, 4 orders: −$15.49
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.64
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 27 min ago; Binance: live order book, 3 min ago.

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 Polymarket Perps live order book, 27 min ago	2.60 bp	7.9 bp −$8	8.4 bp −$84	34.9 bp −$3,488	doesn't fit
Sell Binance live order book, 3 min ago	0.22 bp	10.2 bp −$10	27.9 bp −$279	85.2 bp −$8,516	doesn't fit

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
Bitget NBISUSDT	−0.0371%	8h	231.09	+0.074%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0003%	8h	230.95	+0.013%	$204K	$212K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.06	+0.060%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.99	+0.032%	$144K	$878K	10x	as long as short
Binance NBISUSDTshort	0.0000%	8h	231.05	+0.056%	$18.8M	$87.9M	25x
Bybit NBISUSDT	0.0000%	8h	231.03	+0.048%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.89	−0.013%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.08	+0.069%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.87	−0.021%	$2.8M	$589K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.43	+0.223%	$4K	$115K	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	231.40	+0.208%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.41	+0.212%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.07	+0.065%	$1.6M	$970K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.96	+0.017%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	230.90	−0.009%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.85	−0.030%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USDlong	+0.0050%	1h	230.92	long leg	$137K	$473K	10x
SoDEX NBIS-USD	+0.0050%	1h	231.00	+0.035%	$79	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.12	+0.087%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.230%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.85	−0.030%	$476K	$26K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.97	+0.022%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.98	+0.024%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0117%	1h	230.91	−0.004%	$54.1M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0187%	1h	230.83	−0.038%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0272%	1h	230.99	+0.030%	$942K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.30	+0.165%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0411%	1h	230.86	−0.026%	$10.1M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0443%	1h	231.00	+0.035%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0541%	1h	230.95	+0.014%	$23K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0839%	4h	231.21	+0.125%	$37K	$228K	10x	as long as short