Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: HTX against Polymarket Perps+0.180%46s7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

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. HTX is 0.180% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.180% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.052% in total) that is about 24 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NBIS-USD	233.68	0.0050	pay 0.0006% / 1h	38m 29s	$147K	$456K	10x
Short	HTX NBIS-USDT	234.10	0	get 0.0000% / 8h	3h 38m	$15K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$10.5
Price spread: +0.180% → 0.000%: $17.97
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$12.53
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 14 min ago; HTX: no order-book sample. 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 Polymarket Perps live order book, 14 min ago	2.56 bp	6.6 bp −$7	7.3 bp −$73	33.0 bp −$3,295	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
BloFin NBIS-USDT	−0.0023%	8h	233.61	−0.030%	$206K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	233.95	+0.115%	$78K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.64	−0.015%	$147K	$699K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.76	+0.035%	$19.2M	$84.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.77	+0.039%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.73	+0.021%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.80	+0.051%	$2.7M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.75	+0.030%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.67	−0.003%	$2.9M	$556K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	233.70	+0.009%	$4K	$119K	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	233.66	−0.009%	$848	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.54	−0.060%	$35K	$49K	10x	as long as short
HTX NBIS-USDTshort	0.0000%	8h	234.10	+0.180%	$15K	$60K	20x
Phemex NBISUSDT	0.0000%	8h	233.67	−0.004%	$1.6M	$954K	10x	as long as short
Nado NBIS-PERP	+0.0022%	1h	233.59	−0.040%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0034%	1h	233.75	+0.030%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.70	+0.009%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.88	+0.086%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	233.45	−0.098%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	233.69	+0.004%	$54.5M	$20.0M	10x	as long as short
Polymarket Perps NBIS-USDlong	+0.0050%	1h	233.68	long leg	$147K	$456K	10x
SoDEX NBIS-USD	+0.0050%	1h	233.62	−0.026%	$75	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.98	+0.128%	$160K	$502K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.65	−0.013%	$481K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.63	−0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.59	−0.040%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.56	+0.805%	$389K	$724K	10x	as long as short
edgeX NBISUSDC	+0.0171%	4h	233.69	+0.004%	$38K	$226K	10x	as long as short
Lighter NBIS	+0.0232%	1h	233.73	+0.021%	$912K	$3.9M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	233.81	+0.056%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0287%	1h	233.77	+0.039%	$10.1M	$3.2M	10x	as long as short