Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against SunX−0.004%54s7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2792.789% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.190%+$19 on $10k
Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.004%, 7d avg −0.057%
Together, before fees+0.215%+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.053% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.057%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NBIS-USDT233.660get 0.0000% / 8h3h 38m$848$1.7M10x
ShortKuCoin NBISUSDTM233.650.0100get 0.0100% / 8h3h 38m$481K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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

Funding earned
$21
Price spread: −0.004% → −0.057%
$5.27
Slippage, 4 orders
−$258.9
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$252.63
Costs to cover
2.789%
Break-even
91.2 days
Slippage from SunX: live order book, 7 min ago; KuCoin: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 7 min ago45.42 bp64.2 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 35 min ago18.93 bp72.6 bp −$73doesn't fitdoesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NBIS-USDT−0.0023%8h233.61−0.021%$206K$205K20xas long as short
Aster NBISUSDT0.0000%8h233.95+0.124%$78K$310K50xas long as short
Extended NBIS-USD0.0000%1h233.64−0.007%$147K$699K10xas long as short
Binance NBISUSDT0.0000%8h233.76+0.044%$19.2M$84.7M25xas long as short
Bybit NBISUSDT0.0000%8h233.77+0.047%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h233.73+0.030%$3.4M$16.1M25xas long as short
Gate NBIS_USDT0.0000%8h233.80+0.060%$2.7M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h233.75+0.039%$2.4M$4.4M20xas long as short
Variational Omni NBIS0.0000%8h233.67+0.006%$2.9M$556Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h233.70+0.017%$4K$119K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX NBIS-USDTlong0.0000%8h233.66long leg$848$1.7M10x
Deribit NBIS_USDC-PERPETUAL0.0000%1h233.54−0.051%$35K$49K10xas long as short
HTX NBIS-USDT0.0000%8h234.10+0.188%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h233.67+0.004%$1.6M$954K10xas long as short
Nado NBIS-PERP+0.0022%1h233.59−0.032%$38K$115K3xas long as short
QFEX NBIS-USD+0.0034%1h233.75+0.039%$1.5M$4.0M10xas long as short
Arcus NBIS-USD+0.0040%1h233.70+0.017%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h233.88+0.094%$216K5xas long as short
Kraken Futures PF_NBISUSD+0.0049%1h233.45−0.089%$23K$15K20xas long as short
tradeXYZ xyz:NBIS+0.0050%1h233.69+0.013%$54.5M$20.0M10xas long as short
Polymarket Perps NBIS-USD+0.0050%1h233.68+0.009%$147K$456K10xas long as short
SoDEX NBIS-USD+0.0050%1h233.62−0.017%$75$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h233.98+0.137%$160K$502K10xas long as short
KuCoin NBISUSDTMshort+0.0100%8h233.65−0.004%$481K$20K20x
Orderly PERP_NBIS_USDC_mythos+0.0100%8h233.63−0.013%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.59−0.031%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h235.56+0.813%$389K$724K10xas long as short
edgeX NBISUSDC+0.0171%4h233.69+0.013%$38K$226K10xas long as short
Lighter NBIS+0.0232%1h233.73+0.030%$912K$3.9M10xas long as short
Phoenix NBIS+0.0239%1h233.81+0.064%$7K$150K10xas long as short
Entropy io:NBIS+0.0287%1h233.77+0.047%$10.1M$3.2M10xas long as short