Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.010%

Price spread now: OKX against QFEX+0.125%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.125%, 7d avg +0.046%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.079% dearer against QFEX than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.046%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NBIS-USD	232.11	0.0029	pay 0.0004% / 1h	9m 50s	$1.5M	$3.9M	10x
Short	OKX NBIS-USDT-SWAP	232.40	0	get 0.0000% / 8h	2h 09m	$3.3M	$16.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against QFEX. 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 QFEXbpFee OKXbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$6.1
Price spread: +0.125% → +0.046%: $7.85
Slippage, 4 orders: −$19.18
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.43
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; OKX: live order book, 4 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 QFEX live order book, 4 min ago	2.37 bp	9.4 bp −$9	12.8 bp −$128	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.94 bp	10.5 bp −$11	34.3 bp −$343	doesn't fit	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	−0.0483%	8h	232.38	+0.116%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0008%	8h	232.16	+0.022%	$204K	$206K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	232.20	+0.041%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.35	+0.106%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.35	+0.104%	$18.6M	$87.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.38	+0.116%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	232.40	+0.125%	$3.3M	$16.2M	25x
Gate NBIS_USDT	0.0000%	8h	232.37	+0.112%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.26	+0.067%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.39	−0.311%	$5K	$117K	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	232.17	+0.026%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.24	+0.056%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.46	+0.151%	$1.6M	$957K	10x	as long as short
QFEX NBIS-USDlong	+0.0029%	1h	232.11	long leg	$1.5M	$3.9M	10x
Nado NBIS-PERP	+0.0038%	1h	232.06	−0.020%	$38K	$115K	3x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.80	−0.134%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.14	+0.013%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.12	+0.004%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.09	−0.009%	$152K	$548K	10x	as long as short
edgeX NBISUSDC	+0.0060%	4h	231.91	−0.084%	$37K	$225K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.23	+0.052%	$479K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.30	+0.082%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.30	+0.080%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0110%	1h	232.32	+0.090%	$54.6M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0139%	1h	232.28	+0.073%	$102	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	231.92	−0.082%	$351K	$815K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	232.24	+0.057%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	231.99	−0.052%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0248%	1h	232.43	+0.138%	$940K	$4.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0310%	1h	232.15	+0.017%	$34K	$49K	10x	as long as short
Entropy io:NBIS	+0.0380%	1h	231.87	−0.103%	$10.1M	$3.2M	10x	as long as short