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

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.095%
Price spread now: Lighter against SunX−0.030%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1301.305% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.551%+$55 on $10k
Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.030%, 7d avg +0.059%
Together, before fees+0.714%+ Points / potential airdropLighter: Season 3 · farm board+$71 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.089% cheaper against SunX than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.059%). If the spread goes back, that is −$9 on $10k: about 31 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NBIS-USDT234.220get 0.0000% / 8h3h 42m$850$1.7M10x
ShortLighter NBIS234.150.0232get 0.0029% / 1h42m 10s$914K$3.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$48.72
Price spread: −0.030% → +0.059%
−$8.93
Slippage, 4 orders
−$122.46
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$90.67
Costs to cover
1.305%
Break-even
20.0 days
Slippage from SunX: live order book, 3 min ago; Lighter: live order book, 5 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, 3 min ago45.42 bp64.2 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago0.43 bp1.0 bp −$12.7 bp −$2767.4 bp −$6,737doesn'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
Aster NBISUSDT0.0000%8h234.28+0.025%$79K$310K50xas long as short
Extended NBIS-USD0.0000%1h234.08−0.058%$147K$699K10xas long as short
Binance NBISUSDT0.0000%8h234.15−0.032%$19.2M$84.6M25xas long as short
Bybit NBISUSDT0.0000%8h234.18−0.017%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h234.13−0.038%$3.4M$16.1M25xas long as short
Gate NBIS_USDT0.0000%8h234.13−0.038%$2.7M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h234.17−0.021%$2.4M$4.4M20xas long as short
Variational Omni NBIS0.0000%8h234.44+0.093%$2.9M$557Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.45+0.098%$4K$120K10xas long as short
SunX NBIS-USDTlong0.0000%8h234.22long leg$850$1.7M10x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX NBIS-USDT0.0000%8h234.45+0.098%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h234.15−0.030%$1.6M$954K10xas long as short
BloFin NBIS-USDT+0.0009%8h234.21−0.004%$207K$206K20xas long as short
QFEX NBIS-USD+0.0034%1h234.10−0.051%$1.5M$4.0M10xas long as short
Nado NBIS-PERP+0.0036%1h234.01−0.091%$38K$115K3xas long as short
Arcus NBIS-USD+0.0040%1h234.11−0.047%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.28+0.026%$216K5xas long as short
Kraken Futures PF_NBISUSD+0.0048%1h234.07−0.064%$23K$15K20xas long as short
tradeXYZ xyz:NBIS+0.0050%1h234.05−0.073%$54.6M$20.0M10xas long as short
Polymarket Perps NBIS-USD+0.0050%1h234.02−0.085%$147K$456K10xas long as short
SoDEX NBIS-USD+0.0050%1h234.09−0.056%$84$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h234.18−0.017%$160K$502K10xas long as short
KuCoin NBISUSDTM+0.0100%8h234.03−0.081%$482K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h234.08−0.060%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h234.07−0.062%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h235.56+0.572%$389K$724K10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0220%1h234.06−0.068%$35K$49K10xas long as short
Lighter NBISshort+0.0232%1h234.15−0.030%$914K$3.9M10x
Phoenix NBIS+0.0239%1h234.36+0.060%$7K$150K10xas long as short
Entropy io:NBIS+0.0314%1h234.17−0.021%$10.2M$3.2M10xas long as short
edgeX NBISUSDC+0.0720%4h234.32+0.045%$38K$227K10xas long as short