Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.016%

Price spread now: Bitget against Polymarket Perps−0.047%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.047%, 7d avg +0.008%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.056% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.092%, 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	232.36	0.0050	pay 0.0006% / 1h	47m 47s	$143K	$459K	10x
Short	Bitget NBISUSDT	232.25	−0.0075	pay 0.0075% / 8h	2h 47m	$2.3M	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$26.25
Price spread: −0.047% → +0.008%: −$5.58
Slippage, 4 orders: −$23.68
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$75.51
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 65 min ago; Bitget: live order book, 5 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, 65 min ago	2.56 bp	6.6 bp −$7	7.3 bp −$73	33.0 bp −$3,295	doesn't fit
Sell Bitget live order book, 5 min ago	1.29 bp	16.2 bp −$16	27.9 bp −$279	43.4 bp −$4,342	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 NBISUSDTshort	−0.0075%	8h	232.25	−0.047%	$2.3M	$4.5M	20x
BloFin NBIS-USDT	−0.0019%	8h	232.57	+0.090%	$205K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	232.26	−0.044%	$83K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.15	−0.092%	$145K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.15	−0.090%	$18.8M	$85.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.20	−0.069%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.10	−0.112%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.42	+0.026%	$2.7M	$5.0M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.77	+0.178%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.78	+0.181%	$5K	$118K	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	232.75	+0.168%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	232.33	−0.013%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.96	+0.258%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.39	+0.013%	$1.6M	$956K	10x	as long as short
QFEX NBIS-USD	+0.0029%	1h	232.44	+0.034%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0030%	1h	232.23	−0.055%	$38K	$115K	3x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.41	+0.022%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.37	+0.004%	—	$217K	5x	as long as short
Polymarket Perps NBIS-USDlong	+0.0050%	1h	232.36	long leg	$143K	$459K	10x
SoDEX NBIS-USD	+0.0050%	1h	232.35	−0.004%	$98	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.76	+0.172%	$161K	$507K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0076%	1h	232.05	−0.133%	$54.1M	$20.2M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.15	−0.090%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.36	0.000%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.30	−0.025%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	232.30	−0.026%	$361K	$771K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	232.29	−0.029%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.60	+0.103%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0328%	1h	232.12	−0.103%	$929K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0474%	1h	232.32	−0.017%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0915%	4h	232.68	+0.140%	$37K	$226K	10x	as long as short