NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.042%

Price spread now: Coinbase International against Polymarket Perps+0.180%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.420%+$42 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.180%, 7d avg +0.097%

Together, before fees+0.361%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.083% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NBIS-USD	233.64	0.0177	pay 0.0022% / 1h	58m 07s	$129K	$478K	10x
Short	Coinbase International NBIS-PERP-INTX	234.06	0.0224	get 0.0028% / 1h	58m 07s	$383K	$862K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.180%Rate

Funding earned: $9.93
Price spread: +0.180% → +0.097%: $8.3
Slippage, 4 orders: −$27.47
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$27.24
Costs to cover: 0.455%
Break-even: 26.2 days

Slippage from Polymarket Perps: live order book, 48 min ago; Coinbase International: live order book, 48 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, 48 min ago	1.92 bp	7.2 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell Coinbase International live order book, 48 min ago	11.13 bp	16.2 bp −$16	24.2 bp −$242	doesn't fit	doesn't fit

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.66	+0.009%	$3.3M	$16.3M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.77	+0.056%	$2.8M	$4.8M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.85	+0.090%	$2.3M	$4.4M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.48	+0.360%	$1K	$1.4M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.78	+0.060%	$1.6M	$968K	10x	as long as short
HTX NBIS-USDT	+0.0034%	8h	234.15	+0.218%	$13K	$61K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0039%	1h	233.65	+0.004%	$22K	$10K	20x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.78	+0.060%	$1K	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.86	+0.094%	$151K	$525K	10x	as long as short
Vest NBIS-USD-PERP	+0.0052%	1h	234.25	+0.261%	—	$250K	5x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0053%	1h	233.74	+0.043%	$1.6M	$3.6M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.91	+0.116%	$474K	$237K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.78	+0.060%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.80	+0.067%	—	—	10x	as long as short
Polymarket Perps NBIS-USDlong	+0.0177%	1h	233.64	long leg	$129K	$478K	10x
Variational Omni NBIS	+0.0217%	8h	234.03	+0.168%	$2.9M	$631K	—	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0224%	1h	234.06	+0.180%	$383K	$862K	10x
Bybit NBISUSDT	+0.0239%	8h	233.82	+0.077%	$5.4M	$6.9M	50x	as long as short
Aster NBISUSDT	+0.0243%	8h	234.39	+0.322%	$81K	$314K	50x	as long as short
tradeXYZ xyz:NBIS	+0.0252%	1h	233.78	+0.060%	$55.6M	$18.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0264%	1h	233.66	+0.009%	$35K	$48K	10x	as long as short
BloFin NBIS-USDT	+0.0274%	8h	234.21	+0.244%	$208K	$219K	20x	as long as short
Binance NBISUSDT	+0.0279%	8h	233.85	+0.089%	$20.6M	$90.8M	25x	as long as short
Extended NBIS-USD	+0.0280%	1h	233.71	+0.029%	$146K	$999K	10x	as long as short
Nado NBIS-PERP	+0.0292%	1h	233.60	−0.016%	$38K	$82K	3x	as long as short
Phoenix NBIS	+0.0377%	1h	234.04	+0.171%	$7K	$115K	10x	as long as short
edgeX NBISUSDC	+0.0381%	4h	234.03	+0.168%	$31K	$234K	10x	as long as short
Lighter NBIS	+0.0472%	1h	233.86	+0.094%	$949K	$3.7M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0575%	8h	234.14	+0.215%	$5K	$102K	10x	as long as short
Entropy io:NBIS	+0.0802%	1h	234.04	+0.171%	$10.2M	$2.9M	10x	as long as short
Arcus NBIS-USD	+0.0870%	1h	233.72	+0.034%	$42K	$117K	5x	as long as short